Category Archive For "All"
Market Chat: Weeks 48 and 49
Capesize values continue to soften Capesize values have continued to soften. Values for ten year old vessels of 180,000 DWT are down by c.13% since the start of the year, from USD 33.07 mil to USD 28.82 mil. The continued fall in values comes as Bulker earnings remain under pressure, and any hopes that an …
Market Chat: MR Tankers Reach Highest Value Since 2008
MR values hit 14 year high MR values have hit the highest levels since Oct 2008. The current value for a five year old MR is up by c.45% from the start of the year, from USD 30.32 mil to USD 44.01 mil. Sales for this sector have increased by c.15% from last year and …
A Look Into the Top 10 Ship Owning Nations
Please note that end of October 2022 total fleet values in the Top 10 Ship Owning Nations & Regions include the vessel types covered by VesselsValue: Bulker, Tanker, Container, Reefer, Small Dry, LNG, LPG, Vehicle Carriers, RoRo, Cruise, OSV, OCV, MODU and CTV. Japan In terms of fleet value, Japan has moved back up to …
Russian Oil Sanctions are Approaching: What Does it Mean for Tankers and LNGs?
As the latest EU sanctions on Russian oil are coming into force in early December, we take a look at how the nearing sanctions are impacting values and trade within the Tanker and LNG markets. From the 5th of December, sanctions and price cap mechanisms will be imposed on Russian crude exports to the EU, …
Market Chat: Supramax Values Plunge 12%
Supramax values continue to fall Bulkers have seen a fall in values across the board this year, but the smaller sizes have seen the most dramatic decrease in asset prices. Values for five year old Supramaxes have fallen by c. 12% from USD 30.3 mil in January to USD 26.74 mil today. So far this …
VesselsValue Announces the Rebrand of ViaMar
Global valuation and data provider, VesselsValue, announces the rebrand of recently acquired Shipping data and consultancy firm, ViaMar, and welcomes new ViaMar Managing Director, Martin Kjendlie. The ViaMar rebrand reflects the ongoing synergies between both companies, as well as illustrating VesselsValue’s continued investment in and expansion of its Maritime data services and offering for their …
Approaching Russian Oil Sanctions Spikes Tonnage Demand
According to VesselsValue trade figures, Russia has already begun to shift its crude exports towards Asia as we identify changes in trade flow patterns. Of the top 10 destinations for wet exports from Russia since the start of the conflict, the Netherlands has remained in the top spot. However, volumes exported have fallen considerably from …
A new breed of buyers
Offshore vessels have always been designed and built to support the offshore oil and gas industry. Whether that’s PSVs supplying offshore installations, AHT/AHTSs, MODUs and other offshore structures, or Subsea Support Vessels working on a wide scope of work beneath the sea level. These vessels have historically been purchased as new or on the second-hand …
Market Chat: VLCC Values at 13-Year High
Values for five year old VLCCs are currently at the highest levels since 2009. For example, 320,000 DWT, 5YO are currently valued at USD 95.74 mil, up 33.12% from the start of the year from USD 71.92 mil in January. Overall, Tanker sales have risen this year by c.12% with 1,026 transactions reported so far …
Market Chat: 2022 Container Sales and MR Values
Container sales slow 2022 to date has seen a total of 292 Container sales, with the majority of these transactions taking place in the first half of the year. In October there were just nine Container sales reported, compared to 47 in January, a decrease of 81%. Of the sales recorded, four went to Greek …