15YO Aframaxes valued at USD 40.04 mil in September 2023 In recent weeks there has been a slight correction in values based on the latest benchmark sales. However, year on year values for this sector are up across all age categories, for example 15YO vessels of 110,000 DWT are up by c.20.95% from USD 31.88 …

Newbuilding contracts so far this year are up by c. 82%  With LPG earnings currently at all-time highs, we take a brief look at what is behind this bull run and the impact that this may be having on vessel values.   VLGC one year time charter rates are at around 1,700,000 USD/Month, the highest levels …

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 …

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 …

Introduction In the first half of 2023, 114 vessels were sold for scrap, a 73% increase over the same period in 2022. 51 tankers were scrapped, accounting for approximately 44.7% of all cargo vessel demolition in the first half of 2023. The rising scrapping numbers are a direct result of historically high scrapping rates, which …

Values have fallen below USD 19 mil for the first time since July ’21 Author: Rebecca Galanopoulos Jones Capesize sales from Japanese owners have increased by c.20% year on year with twelve sales reported over the first seven months of this year. Approximately half of these sales were for larger vessels of over 200,000 DWT. …

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 …