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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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 …

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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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VLCCs vs Aframaxes: Which is in a better position?

This month we joined industry professionals at the 4th Capital Link International Shipping Forum in Shanghai, where our Head of Singapore Charlie Hockless spoke on ‘Opportunities & Risk: Signals in the Noise – Taking a look at the key data’. In our latest blog post we take a look at Charlie’s findings on opportunities and …

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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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