Category Archive For "All"
The Emergence of New Tanker Market Players
Since the start of the conflict between Ukraine and Russia, a new breed of Tanker owners has emerged. Demand for Tankers increased, and this has caused Tanker freight rates to rise following a long period of stagnation, enticing new players to enter the market. Sanctions on Russian crude oil and clean petroleum products came into …
Market Chat: Week 13
ViaMar Forecast Summary The Q1 2023 Forecast is a collaboration between VesselsValue and ViaMar that focusses on predictions for the Bulker, Tanker, Container and LPG sectors. The report seeks to pinpoint directional changes in values as well as earnings, addressing key development through 2026. We take a look at the main points from the Tanker …
Market Chat: Week 12
Capesizes values jump by 16% Since the start of March, Capesize values have surged across all age categories, but modern tonnage has seen the largest increase. These include values for 180,000 DWT vessels rising by c. 16.38% from USD 53.05 mil to USD 61.74 mil, the highest levels since August 2022. Tomini’s purchase from Mangrove …
Market Chat: Weeks 10 and 11
Russian LNG Exports to Europe Remain High Russian LNG exports to Europe remained at very high levels in February at 3.6 million CBM, following a 13 month high in January of 4.1 million CBM. Last month, Belgium imported the largest amount of Russian LNG, accounting for 38% of imports to the EU, while Spain ranked …
Carbon Intensity Indicator (CII): Global Fleet Impact Assessment
Introduction Ahead of the Capital Link Annual International Shipping Forum in New York, we assessed the impact of Carbon Intensity Indicator (CII) on the global fleet using VesselsValue data. CII is becoming increasingly influential in the sale and purchase market. At the moment, this is primarily manifesting in the liquidity of vessels. Those vessels operating …
Market Chat: Week 9
Global Clean Tanker trade from Russia climbs Ahead of the sanctions on Russian Clean products that came in to force on 5th February 2023, Russia to global Clean Tanker cargo miles continued to climb YoY. VesselsValue’s Trade data shows that Russia to global Clean Tanker cargo miles increased by c.26% YoY in January to c.38 …
2022 Cargo Review: S&P and Values
Introduction After 2021’s high S&P activity levels, 2022 was a more muted year. 2021 saw Bulkers and Containers take the spotlight, while 2022 had been the year of the Tanker. All sectors have appreciated in value, particularly for older tonnage where 20 year old vessels have increased in value by as much as c.142% in …
2022 Cargo Review: Newbuilding
Introduction 2022 was another strong year for Gas and Container orders, but overall, 2022 orders fell short of the record breaking numbers seen in 2021. The number of newbuilding orders for 2022 reflected global geopolitical concerns, as well as an increasingly prominent green agenda. The shift to cleaner energy sources, energy security concerns, and the …
2022 Cargo Review: Demolition
Introduction Tankers dominated the demolition market this year, accounting for approximately 43% of all cargo vessels scrapped. In comparison, the number of Bulkers scrapped was low, with 48 vessels accounting for 38% of the scrapped fleet, LPG vessels scrapped totalled 11% while the number of Container vessels sold for demolition accounted for only 7%, and …
Market Chat: Week 8
What’s the story with Capesizes? Capesize earnings have fallen to the lowest levels since Q1 2020. Although we have come to expect a seasonal lull during the first quarter of the year, with the Lunar New Year celebrations now a distant memory, what is causing rates to fall further? Bulker market players take into account …