New floating solar projects inside of existing wind farms

Floating solar the future green energy? Offshore floating solar farms in the future can contribute to renewable green energy production, especially in conjunction with existing offshore wind farms. Solar modules deployed in the spaces between wind turbines could supply additional energy without the loss of space. When solar modules are used in the space between …

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A Quality Quarantine from the Comfort of a Superyacht

On Monday, Thai officials introduced a new initiative allowing tourists to spend their mandatory two-week quarantine period aboard a yacht. Earlier this year in January, visitors were allowed to ‘quarantine’ in golfing resorts, but now the government’s Digital Economy Promotion Agency also reports that yachts are suitable quarantine vehicles too. Growth in Asia Compared to …

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Episode 1 | RoRos

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Will Biden’s Presidency be a good thing for Containership demand?

With the US election finalised and Biden now in office, VesselsValue’s trade data will be used to analyse the Container sector and the impact that his appointment is likely to have on US Container demand. A promising start to 2021 Biden’s win came at a time when Containership rates were, and continue to be, sky …

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Cruise Ships: Fleet Development

The current Cruise orderbook sits at 104 vessels, worth an aggregated value of USD 60.3 billion, accounting for 34% of the overall global order book. The flurry of ordering activity experienced between 2014 and 2018 was an attempt by Cruise companies to keep on top of the ever-growing demand for travel. A demand which currently …

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Container Rates Soar to 7-Year Highs

Introduction The Container market is recovering well from the global pandemic and we have witnessed rates within the sector soaring to 7-year highs. A strong rebound in demand has created a shortage of supply. One of the largest increases in rates has been seen in the 8,500 TEU sector where 1-year time charter rates have …

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A positive outlook for UAE ports post-Covid

Container activity in UAE ports is booming. Tankers are showing signs of recovery. This article will use our Trade data to assess how trade routes in and out of the UAE have grown over time, as well as assess the impact Covid-19 has had on specific ports across the Container and Tanker sectors. The UAE …

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Using Data to Save Money on Your Next Yachting Holiday

The New Rules Recently, both Malta and France have important updates relating to VAT due on both long and short term Superyacht charters (or leases). In France, the previous fixed rate reduction of 50%, bringing VAT down from 20% – 10%, is no longer accepted. Instead, the holiday maker (charterer) qualifies for a tax reduction …

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Remaining constant in a changing world

The shipping industry is in an interesting position. COVID-19 is wreaking havoc across the world, causing regional and national lockdowns, transforming the way in which ordinary people go about their daily lives, and forcing industries to rethink their usual practices. Despite this ongoing situation, the shipping industry still has to function in order to ensure …

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