Category Archive For "Maritime Insights & Analytics"
LPG earnings sky high – VLGC one year time charter rates more than double
Newbuilding contracts so far this year are up by c. 82% With LPG earnings currently at all-time highs, we take a brief look at what is behind this bull run and the impact that this may be having on vessel values. VLGC one year time charter rates are at around 1,700,000 USD/Month, the highest levels …
Capesize sales equal record highs
Greek buyers have been the most active in this sector, accounting for c.29% of sales reported this year Although overall Bulker sales have been more moderate so far this year, the volume of Capesize sales has been moving in the opposite direction to the rest of the sector with sales up there next to the …
Top 10 tanker buyers spend USD 3.66 billion, double top 10 bulker buyers YTD ’23
Golden Ocean Group and Scorpio Tankers spend USD 1.1 billion in 2023 on second hand vessels The top two biggest spenders on second hand bulkers and tankers so far in 2023 have already spend over USD 1.1 billion together. So far the top 10 biggest spenders on second hand bulkers have spent a collective USD …
Half Year Review: Cargo Demolition 1H 2023
Introduction In the first half of 2023, 114 vessels were sold for scrap, a 73% increase over the same period in 2022. 51 tankers were scrapped, accounting for approximately 44.7% of all cargo vessel demolition in the first half of 2023. The rising scrapping numbers are a direct result of historically high scrapping rates, which …
Japanese owners offload older Capesizes
Values have fallen below USD 19 mil for the first time since July ’21 Author: Rebecca Galanopoulos Jones Capesize sales from Japanese owners have increased by c.20% year on year with twelve sales reported over the first seven months of this year. Approximately half of these sales were for larger vessels of over 200,000 DWT. …
Half year Review: Cargo Newbuildings 1H 2023
Introduction Overall ordering levels have dipped in the first half of 2023 and, in comparison to last year, the number of new orders has fallen short of the record-breaking levels seen over the last two years. So far, 466 Cargo vessels have been added to the orderbook, a decrease of c.23% YoY. The Cargo sector …
Half Year Review: Cargo S&P 1H 2023
Introduction 2023 to date has been one of the best years in recent memory for Tanker sale and purchase as values hover around 15-year highs. For other sectors, the pent-up demand following Covid has now abated but values have yet to correct back to pre pandemic levels. A combination of changing trade patterns and increased …
Half year review: Trade 1H 2023
Introduction The strength of the Chinese economy and sanctions imposed on Russian oil have been key factors in determining demand trends for LPG, Bulker and Crude Tanker markets in 2023. Using VesselsValue AIS derived indicators and Trade data such as cargo volumes, cargo mile growth, speeds, and trading routes, this half year review will provide …
Leveraging Datasets to Enhance Financial Decision Making
Deciphering Buy/Sell Signals in the Automation Age with VesselsValue As the leading provider of vessel valuations and market perspective, VesselsValue delivers high quality data updated daily, as well as objective historical and forecasted values, market trends and flexible APIs to connect VesselsValue data with other critical systems and models. Its extensive data coverage and objective, …
Offshore Half Year Review 1H 2023
It has been a busy six months within the Offshore sector. The main highlights have been: 1. Tidewater acquiring 37 high specification PSVs from Norwegian offshore owner Solstad Offshore At a global level Tidewater have set the bar for the rest of the market. The US based powerhouse has been on the offensive since early …