Category Archive For "Press"
Vehicle Carrier Market Insight
With an estimated USD 775 bn worth of exports in 2018, cars represent the world’s number three exported product by value, trailing only crude oil and refined petroleum oils. Given this, one would think the vehicle carrier market is booming however this is not the case… The aggregate number of vessels on the water has …
Handy Bulker Values to Rise Over 30% by End of 2020: Quarterly Forecast for Cargo Vessels
We have partnered with Oslo based shipping consultancy firm ViaMar to provide Forecasted Market values for each individual vessel in the Tanker, Bulker, Container and LPG fleet. Forecasted Market Values are quarterly forecasts for individual vessels provided until the end of their predicted economic life. Overall The US China trade war is still on, but …
Record Low Newbuild Orders Placed in Q2 2019
Newbuilding orders dropped to record lows in Q2 2019. VesselsValue’s Head Cargo Analyst, Olivia Watkins, reviews which yards have received orders and and which vessel types have been popular purchases. Bulkers The total number of Bulker newbuild orders is down 73% for the first half of 2019 compared to the same period in 2018. So …
A Potential War with Iran and the Impact on Trade
A wider conflict with Iran would be negative for most types of ships and for the oil markets in general. Fewer ships will transit the Straits of Hormuz. The following analysis focuses on VLCCs, which lift most of the crude cargo volumes out of the Arabian Gulf. A Look at History In the tanker war …
Splashing the cash: Norway’s Biggest Spenders Over the Last Years
Norway 2019 is a very different place compared to a few years ago. However, many of the nation’s shipping and offshore industries have achieved sustained growth through some of the most turbulent times ever faced. Since the last Nor-Shipping in 2017, the number of Norwegian companies owning vessels has increased from 205 to 238. The …
To 2019 and Beyond: Forecasted Bulker, Tanker, Container and LPG Values
We have partnered with Oslo based shipping consultancy firm ViaMar to provide Future Market values for each individual vessel in the Tanker, Bulker, Container and LPG fleet. Future Market Values are quarterly predictions for individual vessels provided until the end of their predicted economic life. Bulkers It has been a tumultuous six months in the dry …
Capesize Values Under Pressure
VesselsValue data suggests the value of a generic fixed age 15 year old Capesize Bulker has fallen 20% from 1st November 2018 to USD 12.2 million today. By contrast, other valuers are quoting figures or estimated ranges 15-30% higher. Company Director Matthew Freeman says: “Whilst no sales have been concluded yet, there are a number …
Singapore Dominates Maritime Industry in SE Asia
Maintaining its strong position as the leader of the maritime industry in South East Asia, Singapore does not disappoint. Singaporean Eastern Pacific Shipping came in first as the largest shipowners by market value in the South East Asian region. The Singapore flag, with its strict adherence to international environmental and safety record and government policies …
Listed Shipping Companies with Substantial Fleet Value Growth
Has it been a good year for shipping? Shipping has faced another challenging year as excess yard capacity and the resulting surplus of ships has continued to weigh on spot and term market rates. However, green shoots are appearing, and several long term trends are developing that will reward those with the tenacity to stay …