Tag Archive For "Newbuilding"
2024 Half Year Review: RoRo
This RoRo 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 LNG / LPG 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 …
2024 Half Year Review: Offshore Sector
This offshore sector 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 LNG / LPG sectors. In each, we explore three areas: the newbuild market, second-hand sale and purchase activities, and demolition trends. Combining Veson’s extensive datasets …
2024 Half Year Review: Vehicle Carriers
This vehicle carrier 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 LNG / LPG sectors. In each, we explore three areas: the newbuild market, second-hand sale and purchase activities, and demolition trends. Combining Veson’s extensive datasets …
LNG Newbuilding Values at Record High
The number of LNG newbuilding orders have more than doubled from the same period last year where 34 orders were placed, compared to 78 in the first five months of 2024, an increase of c.129%. Newbuilding prices for the Large LNG sector of 174,000 CBM are currently at an all-time high of USD 269 mil, …
Bulker Newbuilding Values at 15-Year High
Bulker newbuilding values are currently at 15-year high, with increases across all sectors since the start of the year.
Market Chat: Tanker Orders Increase 32% Year-on-Year
Tanker ordering levels have increased during the first few months of 2024. So far this year, 104 Tankers have been added to the global orderbook, up from 79 for the same period last year, representing a year-on-year increase of c.32%. Values for Tanker newbuildings have also increased across all subsectors. LR2s of 115,000 DWT show …
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 …
Market Chat: Aframax Values Hover Near Historical Highs
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 …
CSSC and CSIC Merger Intentions
This week the two largest Chinese shipbuilding groups China State Shipbuilding Corporation and China Shipbuilding Industry Corporation announced their intention to merge. If combined the Chinese mega yard’s orderbook will become the largest in the world when measured by number number of orders, dominating Capesize newbuilding orders. Currently there are 205 Capesize vessels on order, …
Record Low Newbuild Orders Placed in Q2 2019
Newbuilding orders dropped to record lows in Q2 2019. Our Head Cargo Analyst, Olivia Watkins, reviews which yards have received orders and and which vessel types have been popular purchases. Bulkers The total number of Bulker newbuild orders is down 73% for the first half of 2019 compared to the same period in 2018. So far …