Sowing the Seeds of a Food Crisis

Introduction The economic environment for global trade has profoundly shifted in the past year. Recovering demand from the pandemic has collided with supply side constraints in many industries, inflation and interest rates are rising, and the Ukraine war, together with sanctions on Russia have disrupted global commodity flows. Amid the myriad uncertainties, perhaps the most …

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Posidonia Then and Now: A Look into the Greek Fleet

To celebrate the much awaited return of Posidonia after 4 years, we take a look at how the Greek fleet has developed since the last event in 2018, using VesselsValue data. From 2018 to 2022, the value of the Greek owned fleet increased by 92%. This is a considerable increase considering the fleet only grew …

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International Air Traffic at Shanghai

China has imposed travel restrictions on international arrivals since March 2020, to curb the spread of new variants. The global travel restrictions of 2020 vs. 2021 have widened net losses for airlines globally. As per publicly available financial reporting, of the three major Chinese carriers, Air China has been most affected, with a widening loss of 16% …

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Boeing Back in the News and 737-800 ‘Under Surveillance’

Following the events involving China Eastern Airlines Flight MU5735, which belonged to the Boeing 737 fleet, VesselsValue have used their aircraft specific database to delve into the fleet’s history, current status, ownership and utilisation. It has been a few months since China allowed the Boeing 737 MAX to continue commercial flights, however its elder sibling, …

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Valuing Russian Controlled Aircraft

The current crisis in Ukraine has sent shock waves through the commercial Aviation industry. Anyone with financial exposure to aircraft, controlled by Russian entities or otherwise connected to Russia is, unsurprisingly, concerned. Western sanctions, and Russia’s response to them, have raised important questions as to the validity of the assumptions underpinning appraised Market Values of …

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Car Carrier Bidding Wars Spark All Time Rates Boom

Bidding wars for Car Carriers are driving rates up to record highs never before seen in the sector. Eastern Pacific’s Lake Wanaka (4,902 CEU, May 2008, Xiamen Shipbuilding Ind) was fixed for 1 year at 50,000 USD/Day to Volkswagen in March. A premium of 10,000 USD/Day compared to the larger, younger Lake Geneva (6,178 CEU, …

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International Flights into Russia Amidst Western Sanctions

Using VesselsValue’s aircraft activity data, we have been delving into the routes and countries that have continued to operate international flights into Russia between 1st and 17th March 2022, as shown in Figure 1 below. Over the last 17 days, we saw that most routes into Russia have been from the United Arab Emirates, with …

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Putin Patrols the Skies: New Russian Law Imposed on Foreign Leased Aircraft

Caught Between a Rock and a Hard Place: Foreign Owners of Aircraft Based in Russia Following Russia’s invasion of Ukraine on the 24th February, there was strong international condemnation of the attack and fresh sanctions from the West. Aircraft lessors based in the European Union were given a month’s notice to terminate their lease contracts …

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Consolidation is King – Tidewater and Swire Pacific Offshore

Tongues are wagging in the Offshore sector this week, as one of the longest running rumours in the market has finally come true. Tidewater Marine (USA) has acquired Swire Pacific Offshore (Singapore) for USD 190 mil, the company’s biggest powerplay since its acquisition of GulfMark Offshore back in 2018. But why SPO, and why now? …

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