Category Archive For "All"
Major Oil and Gas Discoveries of 2019
We have recently added oil and gas prospects and discoveries to our Map module. This means you can now view up-and-coming projects and our existing offshore infrastructure across the globe, alongside our AIS vessel data. Major offshore discoveries this year include countries as diverse as Russia, Cyprus, South Africa, Malaysia and Guyana, as shown below. …
Guide to the USA Owned OSV Fleet
Ahead of the International WorkBoat Show, VesselsValue has put together an overview of the USA OSV fleet. For more information please get in touch via [email protected] Click here for full infographic
Introducing Condition Adjusted Value
We’re excited to announce the launch of automated Condition Adjusted Values (CAV), the next generation of automated vessel valuations, in partnership with Idwal Marine. CAV combines a vessel’s actual condition with algorithmically derived market values to now account for a vessel’s physical condition; a first for the maritime industry. Tom Evans, Director explains that “CAV …
What’s driving the VLCC market?
VLCC TCE rates ended October at around $50k. This is below the high reached in the middle of the month, but still represents a healthy return for owners. Interestingly, as shown in the charts below, ton mile demand is down circa 9% YoY, while the size of the fleet is has grown by 8%. In …
2019 Big Spenders
2019 has proven to be a particularly volatile year for shipowners. Record highs (Tankers), 3 year lows (Bulkers) and trade wars (Containers) made for good headlines, but how did this volatility affect second hand spending? Bulkers Chinese companies have purchased 47% of all Bulkers transacted on the second-hand market so far this year. Greek companies …
Box Ships are Booming
We’ve just added Containers to the list of vessels covered by our Trade module. This means you can now analyse cargo mile demand and see underlying vessel journeys and stoppages for the global fleet of Containerships. Our COO, Adrian Economakis, looks at key data to determine which are the most attractive segments for owners and …
Box Ships are Booming
VesselsValue has just added Containers to the list of vessels covered by their Trade module. This means that users can now analyse cargo mile demand and see underlying vessel journeys and stoppages for the global fleet of Containerships. Adrian Economakis, COO, looks at key data to determine which are the most attractive segments for owners …
The LNG market and development in 2019 with an emphasis on China
Market The main story for 2018/19 has been the positive developments in the large LNG sector, which we are expecting to continue throughout the rest of 2019 into 2020. This is being driven by increasing demand as more countries prioritise LNG as an energy source, replacing oil and coal, combined with increasing supply as more …
Demand & Supply Trends
The Aframax sector has come out on top as having the largest percentage rise in ton miles over fleet growth in the past 3 months. Aframax charter rates have more than quadrupled in the same time frame, starting July at approximately 9k USD and starting October at over 40k USD. A contributing factor to this …
The LNG market and development in 2019 with an emphasis on China
Market The main story for 2018/19 has been the positive developments in the large LNG sector, which we are expecting to continue throughout the rest of 2019 into 2020. This is being driven by increasing demand as more countries prioritise LNG as an energy source, replacing oil and coal, combined with increasing supply as more …