Veson Nautical Announces Intent to Acquire Market-Leading Valuation and Data Provider VesselsValue
Acquisition of leading valuation provider, built upon a proprietary data set and extensive modelling capabilities, will strengthen Veson’s vision to be the standard platform that propels maritime commerce.
BOSTON, MA, April 11, 2023 – Veson Nautical (Veson), the global leader of maritime freight management solutions today announced its intent to acquire vessel valuation provider VesselsValue. The move will add a market-leading company and brand with a proprietary data set and unique modelling capabilities to Veson, while bringing onboard a team dedicated to the maritime industry.
VesselsValue was founded in 2011 with a commitment to bringing transparency to the maritime market and is considered the market standard for daily updated, automated, vessel-specific valuations. With a database consisting of more than 81,500 vessels, VesselsValue has been focused on acquiring, storing, and commercializing data in the form of valuations, reports, and market insights.
By combining VesselsValue products and services with Veson’s existing solutions, customers will benefit from a comprehensive product offering. With access to reliable and timely data inclusive of vessel features, users will experience enhanced data-driven decision-making capabilities within their pre-fixture and post-fixture workflows.
Existing VesselsValue clients can look forward to receiving the same high-quality product and services along with new benefits, such as improved model updates, by incorporating information from sources within the Veson product portfolio, such as Q88 and Oceanbolt. Mutual clients can expect access to vessel and fleet valuation data within the Veson IMOS Platform (VIP), and the ability to see CII calculations generated within VesselsValue Green product alongside metrics generated within VIP.
John Veson, co-founder & CEO of Veson Nautical, said: “VesselsValue brings a wealth of knowledge and experience to our organization, and we look forward to them joining the Veson team. In addition to valuing the world’s fleet, VesselsValue has a sophisticated analytical valuation methodology which we will harness to provide our clients with deeper insights to promote sustainable commercial and operational decisions.”
Richard Rivlin, Founder & CEO of VesselsValue, said: “This is a massive moment for VesselsValue. We are incredibly excited to become part of the Veson ecosystem. Connecting to Veson’s powerful platform will drive VesselsValue further towards our mission to make maritime markets transparent. Clients will now have access to a wider range of unique maritime intelligence and first-class support. I am so proud, and I thank everyone who has helped take this from just an idea to such an important milestone today.”
VesselsValue’s maritime brand and product line will continue to produce market-leading analysis and insights under the Veson umbrella, becoming part of Veson’s suite of services when the acquisition is finalized in early May. The area of VesselsValue that focuses on aviation will be spun out into a separate, standalone company.
For more information on the acquisition, please visit www.veson.com.
About Veson Nautical
Veson Nautical delivers maritime freight management solutions that propel the global shipping economy. Trusted by buyers and sellers of bulk marine freight in every region of the world, Veson solutions are responsible for managing $109 billion in freight sold and moving 4.4 billion tons in annual trade each year.
With a suite of offerings in marine contract management, vessel information management, and data analytics, Veson’s products are widely recognized for their strong utility, sustained innovation, and measurable business impact.
More than a provider of solutions, Veson is a champion of progress that actively supports its clients, partners, and broader community in navigating change while shaping the best practice workflows and standards of tomorrow’s connected maritime shipping ecosystem.
VesselsValue Ltd is a leading online valuation and market intelligence provider for the Maritime industry. VesselsValue went live in 2011 and has 2,500 users across more than 600 global clients including major banks, leasing companies, shipowners, investment funds, hedge funds, lawyers, advisors and government regulators. The company has nine offices globally including London, Singapore, Shanghai, Hong Kong, and Oslo.
VesselsValue’s mission is to bring transparency and objectivity to maritime markets through a wide range of services. Data and market insights are available through online access, reports, API feeds and exports, including automated values, transactions and fleet data, as well as AIS derived mapping & tracking, demand, utilisation and trade flows. www.vesselsvalue.com
Disclaimer: The purpose of this blog is to provide general information and not to provide advice or guidance in relation to particular circumstances. Readers should not make decisions in reliance on any statement or opinion contained in this blog.
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