Introduction Overall ordering levels have dipped in the first half of 2023 and, in comparison to last year, the number of new orders has fallen short of the record-breaking levels seen over the last two years. So far, 466 Cargo vessels have been added to the orderbook, a decrease of c.23% YoY. The Cargo sector …

Introduction   2023 to date has been one of the best years in recent memory for Tanker sale and purchase as values hover around 15-year highs. For other sectors, the pent-up demand following Covid has now abated but values have yet to correct back to pre pandemic levels. A combination of changing trade patterns and increased …

Introduction The strength of the Chinese economy and sanctions imposed on Russian oil have been key factors in determining demand trends for LPG, Bulker and Crude Tanker markets in 2023. Using VesselsValue AIS derived indicators and Trade data such as cargo volumes, cargo mile growth, speeds, and trading routes, this half year review will provide …

It has been a busy six months within the Offshore sector. The main highlights have been: 1. Tidewater acquiring 37 high specification PSVs from Norwegian offshore owner Solstad Offshore At a global level Tidewater have set the bar for the rest of the market. The US based powerhouse has been on the offensive since early …

Vehicle Carriers (PCTC, LCTC) Asset values finally peaked in the Vehicle Carrier (VC) sector following an exceptional two-year bull run, owing to a lack of liquidity and reallocated demand favouring Container Carriers ex China as the main source of trade growth. Global cargo miles firmed 2.5% based on 187.7 billon CEU-NM (Car Equivalent Unit per …

Author: Rebecca Galanopoulos Jones The landscape for Tankers is now changing as older vessels, which have been the focal point for sale and purchase over the last year, have now become less attractive. Instead, buyers are seeking younger tonnage both from an investment point of view and in order to mitigate risk. Age of unknown …

Two VLCC orders were placed by Dynacom Tankers earlier this month, scheduled to be built at New Times Shipbuilding and delivered in 2026, in an en bloc deal for USD 115 mil each, VV value USD 112.87 mil. These are the first VLCC newbuilding orders to have been placed since January this year, and before …

How the family office plays a critical role in the superyacht market by ensuring that costly mistakes do not occur. It is often reported how the superyacht industry is growing in size and complexity, both in terms of the assets themselves and the regulatory & legal hurdles, which poses an interesting challenge for those who …

Bulker values have softened over the last week, and it is the Capesize sector that has seen the sharpest declines with values for 15Y0 vessels of 180,000 DWT down by c.7.87% since the star of June. Recent sales have shown a downward movement in value and benchmark deals have set values lower; the value of …