Category Archive For "Maritime Insights & Analytics"
Market Chat: Post Panamax Container Values Soften on MSC’s Latest Purchase
Post Panamax values have softened as a result of MSCs recent purchase of the Lisbon (6,078 TEU, May 2003, Hanjin Heavy Ind) sold to MSC for USD 22 mil (SS/DD Due), VV Value USD 25.53 mil. Values for this sector have fallen since the beginning of the month for vessels over 10 years of age. …
Market Chat: New MR Sales set Higher Benchmark for Valuations
Values for MRs have continued to rise across all ages. Demand for older vessels has gone from strength to strength and so these sectors have seen the strongest increases, since the beginning of the month. Values for 15YO MRs of 50,000 DWT are up by 3.52% from USD 23.03 to USD 23.83 mil. Values of …
Veson Nautical Announces Intent to Acquire Market-Leading Valuation and Data Provider VesselsValue
Acquisition of leading valuation provider, built upon a proprietary data set and extensive modelling capabilities, will strengthen Veson’s vision to be the standard platform that propels maritime commerce. BOSTON, MA, April 11, 2023 – Veson Nautical (Veson), the global leader of maritime freight management solutions today announced its intent to acquire vessel valuation provider VesselsValue. The …
The Emergence of New Tanker Market Players
Since the start of the conflict between Ukraine and Russia, a new breed of Tanker owners has emerged. Demand for Tankers increased, and this has caused Tanker freight rates to rise following a long period of stagnation, enticing new players to enter the market. Sanctions on Russian crude oil and clean petroleum products came into …
Market Chat: Shipping Market Outlook for Q1 2023
The Q1 2023 Forecast is a collaboration between VesselsValue and ViaMar that focusses on predictions for the Bulker, Tanker, Container and LPG sectors. The report seeks to pinpoint directional changes in values as well as earnings, addressing key development through 2026. We take a look at the main points from the Tanker forecast: Container Values …
Market Chat: Capesize Values Jump by 16%
Since the start of March, Capesize values have surged across all age categories, but modern tonnage has seen the largest increase. These include values for 180,000 DWT vessels rising by c. 16.38% from USD 53.05 mil to USD 61.74 mil, the highest levels since August 2022. Tomini’s purchase from Mangrove Partners of two modern Newcastlemax’s …
Market Chat: Russian LNG Exports to Europe Remain High
Russian LNG Exports to Europe Remain High Russian LNG exports to Europe remained at very high levels in February at 3.6 million CBM, following a 13 month high in January of 4.1 million CBM. Last month, Belgium imported the largest amount of Russian LNG, accounting for 38% of imports to the EU, while Spain ranked …
Carbon Intensity Indicator (CII): Global Fleet Impact Assessment
Introduction Ahead of the Capital Link Annual International Shipping Forum in New York, we assessed the impact of Carbon Intensity Indicator (CII) on the global fleet using VesselsValue data. CII is becoming increasingly influential in the sale and purchase market. At the moment, this is primarily manifesting in the liquidity of vessels. Those vessels operating …
Market Chat: Global Clean Tanker Trade from Russia Climbs
Ahead of the sanctions on Russian Clean products that came in to force on 5th February 2023, Russia to global Clean Tanker cargo miles continued to climb YoY. VesselsValue’s Trade data shows that Russia to global Clean Tanker cargo miles increased by c.26% YoY in January to c.38 billion MT NM. Overall, Russian oil exports …
2022 Cargo Review: S&P and Values
Introduction After 2021’s high S&P activity levels, 2022 was a more muted year. 2021 saw Bulkers and Containers take the spotlight, while 2022 had been the year of the Tanker. All sectors have appreciated in value, particularly for older tonnage where 20 year old vessels have increased in value by as much as c.142% in …