Values for Container newbuildings are currently at an all-time high. For example, New Panamax newbuilding values for vessels of 15,000 TEU have continued to rise since the start of the year and are currently at USD 210.50 mil, compared to USD 158.52 mil this time last year; this is an increase of c.33% year-on-year. In …

In a decade defined by volatile markets and seismic shifts in shipping dynamics, Greek shipowners have taken bold investment stances that could shape the future of global trade. Dan Nash, Associate Director of Valuations & Analytics at Veson, explores the speculative bets made by Greece’s maritime giants and explores a critical question: what’s driving these …

Overview The forecast period up to 2027 suggests a mixed outlook across different vessel types. We anticipate that orders for Bulkers and Tankers will gain momentum, while demand for Containers and LNG/LPG vessels will decline. Despite the expected rise in Bulker and Tanker orders, the overall orderbook will likely shrink due to a surge in …

The Bulker sale and purchase market is back in full swing following the summer break. There have already been 12 sale and purchase transactions reported, compared to two over the whole month of August. During the same period last year, there were just eight Capesizes reportedly sold in September 2023, resulting in an increase of …

Nearly a year since hostilities erupted in the Red Sea region, we can observe the significant and ongoing impact this conflict continues to have on global shipping routes using Veson trade data. The Suez Canal, one of the world’s most important maritime chokepoints, has seen reduced traffic as shipowners and operators weigh the risks posed …

The top three buyers of the last six months in the Tanker sector have already spent over 1 bn USD. Using VesselsValue data, we take a look at the top Tanker buyers since March 2024. The busy sale and purchase market has been driven by the positive sentiment in the market as supply continues to be …

This half year review is one of a series of reports providing a summary analysis of the first half of 2024 in the tanker, bulker, container, offshore, and LPG/LNG sectors. In each, we explore three areas: the newbuild market, second-hand sale and purchase activities, and demolition trends. Combining Veson’s extensive datasets with many decades of …

This half year review is one of a series of reports providing a summary analysis of the first half of 2024 in the tanker, bulker, container, offshore, and LPG/LNG sectors. In each, we explore three areas: the newbuild market, second-hand sale and purchase activities, and demolition trends. Combining Veson’s extensive datasets with many decades of …

57 newbuilding orders were placed for Container vessels in July 2024, with orders for that month alone outpacing the 40 contracts inked in the first six months of the year. New Container orders for July 2024 represent the highest number of orders since June 2022 where 65 were placed.   Singaporean owners were the most …