Category Archive For "Maritime Insights & Analytics"
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 …
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 …
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 …