Category Archive For "All"
Shipping’s Green Mile
A Roadmap for Fossil Free Shipping Flows of money were already pouring into sustainable funds prior to Garth Brooks rendition of Amazing Grace at “green president” Biden’s inauguration. Electric Vehicle maker Tesla increased its market cap by an astonishing USD 500 billion in 2020. It is now more valuable than the world’s top eight automakers …
Will Biden’s Presidency be a good thing for Containership demand?
With the US election finalised and Biden now in office, VesselsValue’s trade data will be used to analyse the Container sector and the impact that his appointment is likely to have on US Container demand. A promising start to 2021 Biden’s win came at a time when Containership rates were, and continue to be, sky …
Top 10 Ship Owning Nations
Please note: January 2021 total fleet values in the Top 10 Ship Owning Nations now include Vehicle Carriers, RoRos and Cruise Ships. These three ship types were not included in previous rankings and therefore have contributed to significant changes to country fleet values and rankings. Japan After a turbulent 2020 with historic highs and lows …
Cruise Ships: Fleet Development
The current Cruise orderbook sits at 104 vessels, worth an aggregated value of USD 60.3 billion, accounting for 34% of the overall global order book. The flurry of ordering activity experienced between 2014 and 2018 was an attempt by Cruise companies to keep on top of the ever-growing demand for travel. A demand which currently …
Container Rates Soar to 7-Year Highs
Introduction The Container market is recovering well from the global pandemic and we have witnessed rates within the sector soaring to 7-year highs. A strong rebound in demand has created a shortage of supply. One of the largest increases in rates has been seen in the 8,500 TEU sector where 1-year time charter rates have …
A positive outlook for UAE ports post-Covid
Container activity in UAE ports is booming. Tankers are showing signs of recovery. This article will use our Trade data to assess how trade routes in and out of the UAE have grown over time, as well as assess the impact Covid-19 has had on specific ports across the Container and Tanker sectors. The UAE …
The Covid Cruise Calendar
January 2020: Looking good Total COVID-19 cases = unknown The quiet before the storm. The Cruise industry had enormous momentum going into 2020. Sailings were at a record high, following a fruitful 2017 and 2018, with 35 and 43 orders placed, respectively. Cruise companies were in good shape, stock for Royal Caribbean Cruises for example …
Using Data to Save Money on Your Next Yachting Holiday
The New Rules Recently, both Malta and France have important updates relating to VAT due on both long and short term Superyacht charters (or leases). In France, the previous fixed rate reduction of 50%, bringing VAT down from 20% – 10%, is no longer accepted. Instead, the holiday maker (charterer) qualifies for a tax reduction …
Brexit Chaos: to Roll-on or Roll-off?
The UK Government’s £77.6 million freight contract agreement with leading RoRo (Roll-on/Roll-off) Operators Stena Line, DFDS, Brittany Ferries and P&O last month was deemed as “necessary to safeguard the smooth and successful flow of freight” as per Grant Shapps, Secretary of State for Transport. Essentially, freight capacity has been bought by the UK Government for the …
Remaining constant in a changing world
The shipping industry is in an interesting position. COVID-19 is wreaking havoc across the world, causing regional and national lockdowns, transforming the way in which ordinary people go about their daily lives, and forcing industries to rethink their usual practices. Despite this ongoing situation, the shipping industry still has to function in order to ensure …