Category Archive For "Uncategorized"
Strong Demand for Older Crude Tankers Defies Market Slowdown
Older Crude Tankers are defying expectations. In a year where overall Tanker S&P volumes have dipped, demand for vintage tonnage, particularly VLCCs and Aframaxes, remains unexpectedly strong. With buyers focusing on vessels averaging 14 years of age, the market is proving that age is no barrier when earnings are firm and availability is tight. Using …
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 …
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
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 …