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. …

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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 …

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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 …

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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 …

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Box Ships are Booming

VesselsValue has just added Containers to the list of vessels covered by their Trade module. This means that users can now analyse cargo mile demand and see underlying vessel journeys and stoppages for the global fleet of Containerships. Adrian Economakis, COO, looks at key data to determine which are the most attractive segments for owners …

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The LNG market and development in 2019 with an emphasis on China

Market The main story for 2018/19 has been the positive developments in the large LNG sector, which we are expecting to continue throughout the rest of 2019 into 2020. This is being driven by increasing demand as more countries prioritise LNG as an energy source, replacing oil and coal, combined with increasing supply as more …

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Demand & Supply Trends

The Aframax sector has come out on top as having the largest percentage rise in ton miles over fleet growth in the past 3 months. Aframax charter rates have more than quadrupled in the same time frame, starting July at approximately 9k USD and starting October at over 40k USD. A contributing factor to this …

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The LNG market and development in 2019 with an emphasis on China

Market The main story for 2018/19 has been the positive developments in the large LNG sector, which we are expecting to continue throughout the rest of 2019 into 2020. This is being driven by increasing demand as more countries prioritise LNG as an energy source, replacing oil and coal, combined with increasing supply as more …

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A snapshot of the Vehicle Carrier market

We have just added another ocean going sector to our portfolio with the launch of automated valuations, a commercial and technical database and mapping and tracking for Vehicle Carriers. In this week’s blog post we look at this highly valuable sector in more detail. With an estimated USD 775 bn worth of exports in 2018, …

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