Category Archive For "All"
63% South Korean orderbook being fitted with dual fuel engines
South Korean Orderbook Analysis To mark the start of the KOBC and Marine Money conferences in South Korea, we take a look at the South Korean orderbook, using VesselsValue data. The infographic analyses the breakdown of vessels on order in South Korea, the top ordering nations, the key companies investing in South Korean newbuildings, the …
Shipping Market Outlook – End Q3 2023 Forecast Values
End Q3 2023 Shipping Market Outlook, covering tanker, bulker, container and gas subtypes
Container values and earnings fall to lowest levels since 2021
Container values and earnings fall to lowest levels since 2021. Fixture of 17 year old Xiamen to ONE at 18,000 USD/Day is approx 2,000 USD/Day below the yearly average for classic Panamax assets
VesselsValue to withdraw from the superyacht industry
VesselsValue is withdrawing from the superyacht market and will stop providing valuations and market data mid-2024. We will continue to provide superyacht data and valuations for our subscribers until their subscription renewal date, when it will be switched off from their account. VesselsValue will no longer offer Superyacht subscriptions from mid-2024. We appreciate all that …
Market Chat: Aframax Values Hover Near Historical Highs
15YO Aframaxes valued at USD 40.04 mil in September 2023 In recent weeks there has been a slight correction in values based on the latest benchmark sales. However, year on year values for this sector are up across all age categories, for example 15YO vessels of 110,000 DWT are up by c.20.95% from USD 31.88 …
Marekt Chat: LPG Earnings Reach All-Time Highs
Newbuilding contracts so far this year are up by c. 82% With LPG earnings currently at all-time highs, we take a brief look at what is behind this bull run and the impact that this may be having on vessel values. VLGC one year time charter rates are at around 1,700,000 USD/Month, the highest levels …
Market Chat: Capesize Sales Climb 24% YoY, Matching 2021 Highs
Greek buyers have been the most active in this sector, accounting for c.29% of sales reported this year Although overall Bulker sales have been more moderate so far this year, the volume of Capesize sales has been moving in the opposite direction to the rest of the sector with sales up there next to the …
Market Chat: Top 10 tanker buyers spend USD 3.66 billion, double top 10 bulker buyers YTD ’23
Golden Ocean Group and Scorpio Tankers spend USD 1.1 billion in 2023 on second hand vessels The top two biggest spenders on second hand bulkers and tankers so far in 2023 have already spend over USD 1.1 billion together. So far the top 10 biggest spenders on second hand bulkers have spent a collective USD …
Half Year Review: Cargo Demolition 1H 2023
Introduction In the first half of 2023, 114 vessels were sold for scrap, a 73% increase over the same period in 2022. 51 tankers were scrapped, accounting for approximately 44.7% of all cargo vessel demolition in the first half of 2023. The rising scrapping numbers are a direct result of historically high scrapping rates, which …
Market Chat: Japanese Owners Offload Older Capesizes
Values have fallen below USD 19 mil for the first time since July ’21 Author: Rebecca Galanopoulos Jones Capesize sales from Japanese owners have increased by c.20% year on year with twelve sales reported over the first seven months of this year. Approximately half of these sales were for larger vessels of over 200,000 DWT. …