Tag Archive For "Tankers"
Greek Speculative S&P Investments
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 …
Shipping Market Outlook: Q4 2024 Forecast
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 …
DWT capacity falls across bulkers and tankers transiting the Suez Canal
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 …
Top Tanker buyers of the last six months
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 …
2024 Half Year Review: Tankers
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 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 many …
Dual-Fuel Fleet Additions Continue to Rise
Owners are shifting to dual-fuel systems in order to achieve net-zero emissions and comply with current environmental standards in the maritime sector. Using the Fleet Database feature of the VesselsValue platform, we examined the annual deliveries of dual-fuel vessels since 2018, broken down by the following sectors: Bulkers, Tankers, and Containers. Fleet Database’s smart search …
Shipping Market Outlook: Q3 2024 Forecast
Overview The Houthi attacks in the Bab Al Mandeb strait and the subsequent rerouting around the Capes has supported all the different shipping markets to varying degrees. The highly unpredictable nature of the Houthis creates a lot of uncertainty, as a sudden cessation of attacks carries a lot of downside risk for shipping, while a …
Are 2024 Market Conditions Conducive to Consolidation in Chemical Tankers?
The chemical tanker-owning sector is no stranger to mergers and acquisitions with a history of notable activity over recent decades. But this year, transactions are continuing amid less obvious market conditions. Veson analysts explore the data and look at what is driving them. Introduction Acquisitions, consolidations, and mergers have been a distinct theme in the …
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 …
Shipping Market Outlook: Q2 2024 Forecast
Overview There are several elements of unpredictability affecting our shipping market forecasts for the second quarter of 2024. The Chinese economy’s recovery currently teeters on instability, casting a shadow of uncertainty over the industry due to China’s pivotal role as a major demand driver. Elevated interest rates in Western economies heighten the risk of a …