Crude Tanker market still showing signs of volatility into 2021
Last year was undoubtedly a volatile year for Crude Tankers, with changes in global oil production and an unforeseen pandemic leaving the market rejoicing at times, but ultimately fraught with uncertainty. In this article, we will use VesselsValue supply and demand data to assess the Crude Tanker market in recent months, as well as to …
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 …
Shipping’s Green Mile
A Roadmap for Fossil Free Shipping Flows of money were already pouring into sustainable funds prior to Garth Brooks rendition of Amazing Grace at “green president” Biden’s inauguration. Electric Vehicle maker Tesla increased its market cap by an astonishing USD 500 billion in 2020. It is now more valuable than the world’s top eight automakers …
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 …
Top 10 Ship Owning Nations
Please note: January 2021 total fleet values in the Top 10 Ship Owning Nations now include Vehicle Carriers, RoRos and Cruise Ships. These three ship types were not included in previous rankings and therefore have contributed to significant changes to country fleet values and rankings. Japan After a turbulent 2020 with historic highs and lows …
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 …
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 …