Top 10 Shipowning Nations by Total Asset Value for 2024

Utilizing the VesselsValue database, we’ve reviewed the total asset values for vessels by beneficial owner country to determine this year’s top 10 shipowning nations. From Japan’s resolute leadership in the top position with a USD 206.3 billion fleet, to the emergence of Hong Kong at USD 44.7 billion, the asset values and ownership strategies have …

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Bulker Market Resilient After Lunar New Year

As stakeholders navigated numerous variables over the start to 2024, including global economics and shipping route disruptions, the Bulker market remains dynamic and responsive to evolving trends and challenges. Bulker earnings reached their zenith in December but have since experienced a customary seasonal dip. However, despite the current decline, earnings continue to stand at historically …

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Capesize sales equal record 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 …

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The Vicious Cycle

The shipping markets are classically cyclical, but with extreme volatility. In fact, bulkers and tankers probably have the highest volatility of any major hard asset. The reason for this volatility is due to two main elements: the behaviour of shipowners and investors, and the relatively long build times and working lives of vessels. Effectively, what …

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Half Year Values Round Up

Tankers The market trend for Tankers has been positive since the beginning of 2019. The recent purchase of a resale VLCC by SK Shipping for USD 98 mil is a 5 year high price achieved.  Older VLCCs has been circulating the market recently and since the beginning of 2019 of the total 19 VLCC deals, …

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Half Year S&P Review

Bulker A total of 204 bulkers have been sold since the beginning of 2019, interestingly however only 6 of these have been Capesize Bulkers.  During a period of 4 months from December – April, no Capesize sales were concluded. This break of 106 days had never been seen in the market before. The lack of …

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To 2019 and Beyond: Forecasted Bulker, Tanker, Container and LPG values

We have partnered with Oslo based shipping consultancy firm ViaMar AS to provide Future Market values for each individual vessel in the Tanker, Bulker, Container and LPG fleet. Future Market Values are quarterly predictions for individual vessels provided until the end of their predicted economic life. Bulkers It has been a tumultuous six months in the dry bulk …

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