Category Archive For "Maritime Insights & Analytics"
Vehicle Carrier and RoRo Review 1H 2023
Vehicle Carriers (PCTC, LCTC) Asset values finally peaked in the Vehicle Carrier (VC) sector following an exceptional two-year bull run, owing to a lack of liquidity and reallocated demand favouring Container Carriers ex China as the main source of trade growth. Global cargo miles firmed 2.5% based on 187.7 billon CEU-NM (Car Equivalent Unit per …
Market Chat: Changing landscape of Tankers
Author: Rebecca Galanopoulos Jones The landscape for Tankers is now changing as older vessels, which have been the focal point for sale and purchase over the last year, have now become less attractive. Instead, buyers are seeking younger tonnage both from an investment point of view and in order to mitigate risk. Age of unknown …
Market Chat: VLCC newbuilding values at 14-year high
Author: Rebecca Galanopoulos Jones Two VLCC orders were placed by Dynacom Tankers earlier this month, scheduled to be built at New Times Shipbuilding and delivered in 2026, in an en bloc deal for USD 115 mil each, VV value USD 112.87 mil. These are the first VLCC newbuilding orders to have been placed since January …
Buy in haste and regret at your leisure
How the family office plays a critical role in the superyacht market by ensuring that costly mistakes do not occur. It is often reported how the superyacht industry is growing in size and complexity, both in terms of the assets themselves and the regulatory & legal hurdles, which poses an interesting challenge for those who …
Market Chat: Have opportunists hit a temporary dip in Capesize market?
Author: Rebecca Galanopoulos Jones Bulker values have softened over the last week, and it is the Capesize sector that has seen the sharpest declines with values for 15Y0 vessels of 180,000 DWT down by c.7.87% since the star of June. Recent sales have shown a downward movement in value and benchmark deals have set values …
Market Chat: VLGC Spot Rates Climbing
Author: Joey Daly It has been a good month for VLGC owners, as several factors aligned to keep rates firming despite an influx of Newbuild tonnage. On the 30th May, the BLPG1 Time Charter Assessment (Middle East Gulf to Japan) was up 40.6% from 73.2 USD/MT to 107.5 USD/MT, whilst the BLPG2 (US Gulf to …
Entering an Opaque Market
For many, the superyacht industry remains a mystery. However, tools now exist to rebalance the information dynamic between buyers & sellers and the brokerage community. For some individuals the purchase of a superyacht represents the culmination of a lifelong ambition and for others it may only represent the addition of another asset to a portfolio …
Vietnam Fleet Overview
In our latest infographic, using VesselsValue data, we take a look at the top five Vietnamese shipowners by value and by number of vessels, the Vietnamese owned fleet by vessel type, top five cargo routes by Vietnamese Bulkers and the most valuable Vietnamese vessels. Download the full infographic here
Market Chat: Week 18 & 19
Small Bulkers lead S&P transactions in 2023 Smaller Bulkers have led bulker sale and purchase transactions so far this year, with a share of over half of all secondhand deals. Handy Bulkers made up the majority, accounting for c.31% of sales, and Supramaxes followed at c.25%. The average age of vessels sold in these categories …
Market Chat: Week 17
Surge in Panamax newbuilding orders There has been a surge in Panamax newbuilding orders in the first four months of 2023. So far this year there have been 61 orders placed, compared to just 13 for the same period in 2022, an increase of c.369%. The majority of these orders have been placed since March, …