Category Archive For "Maritime Insights & Analytics"
Video mini series
Hosted by our CSO, Adrian Economakis, our video mini-series looks at how COVID-19 is currently affecting vessel demand, values and earnings. Tune in now!
Coronavirus effects on the Clean Tanker Market
During last week’s IP Week 2020, Coronavirus and its effects on global GDP, trade, demand and the oil price are unsurprisingly a major talking point. So what does real-time seaborne trade flow data show? The data covers the laden movements of clean tankers (MR1s to LR3s) measured on ton miles to take into account distances …
Offshore Wind trends in the US
At present the United States has only one operational offshore wind farm, Block Island Wind, located offshore of the State of Rhode Island. The wind farm, operated by Orsted, consists of five turbines producing 30MW (megawatts) for the 1000 island residents of New Shoreham. However, new state policies all along the Eastern Seaboard, from Maine …
Tanker Market
Overview After a positive autumn and winter, recent events have resulted in an increasingly pessimistic short term outlook for the Tanker market. In short, factors contributing to supply growth and demand constriction have combined to bring down Tanker rates. The Past Last summer, the US put sanctions on a number of Chinese Tanker owners. Due …
The Biggest and Best Deals of 2019
The end of the year is the perfect time for reflection, so we at VV are taking this opportunity to look back on the biggest and most valuable deals of 2019 in the Cargo and Offshore sectors. Newbuild Orders The most valuable single vessel ordered this year was by Awilco Drilling who ordered a Semi …
Major Oil and Gas Discoveries of 2019
We have recently added oil and gas prospects and discoveries to our Map module. This means you can now view up-and-coming projects and our existing offshore infrastructure across the globe, alongside our AIS vessel data. Major offshore discoveries this year include countries as diverse as Russia, Cyprus, South Africa, Malaysia and Guyana, as shown below. …
Guide to the USA Owned OSV Fleet
Ahead of the International WorkBoat Show, VesselsValue has put together an overview of the USA OSV fleet. For more information please get in touch via [email protected] Click here for full infographic
What’s driving the VLCC market?
VLCC TCE rates ended October at around $50k. This is below the high reached in the middle of the month, but still represents a healthy return for owners. Interestingly, as shown in the charts below, ton mile demand is down circa 9% YoY, while the size of the fleet is has grown by 8%. In …
2019 Big Spenders
2019 has proven to be a particularly volatile year for shipowners. Record highs (Tankers), 3 year lows (Bulkers) and trade wars (Containers) made for good headlines, but how did this volatility affect second hand spending? Bulkers Chinese companies have purchased 47% of all Bulkers transacted on the second-hand market so far this year. Greek companies …
Box Ships are Booming
We’ve just added Containers to the list of vessels covered by our Trade module. This means you can now analyse cargo mile demand and see underlying vessel journeys and stoppages for the global fleet of Containerships. Our COO, Adrian Economakis, looks at key data to determine which are the most attractive segments for owners and …