VesselsValue

27/09/2023

Year-on-year values for Aframax tankers are up across all age categories. Values for a 15YO 110k DWT are up by c.20.95% from USD 31.88 mil to USD 38.46 mil as values hover close to the record highs of September 2008.

https://blog.vesselsvalue.com/aframax-values-hover-near-historical-highs/?utm_source=linkedin&utm_medium=vv-content&utm_campaign=2023-vv-marketchat&utm_content=afra-values

15/09/2023

VLGC one year time charter rates are at around 2,600,000 USD/Month, the highest levels since 2015 and more than double the levels seen at the same time last year with an increase of c.143%.

https://blog.vesselsvalue.com/lpg-earnings-sky-high?utm_source=facebook&utm_medium=vv-content&utm_campaign=2023-vv-marketchat&utm_content=lpg-earnings-sky-high

14/09/2023

Our free August 2023 Market Report is now available!

This report provides an overview of vessel values, supply and demand, demolition activity and more.

Download the full report here: bit.ly/44Q0SvK

11/09/2023

Martin Kjendlie - Managing Director, is moderating the Product Tanker Panel at Capital Link's forum tomorrow, during London International Shipping Week.

See Martin discussing key industry topics of the day from 15:30 along with Bart Kelleher - CFO Adrmore Shipping, Marco Fiori - CEO Permuda SpA, Carlos Balestra Di Mottola - CFO d'Amico International Shipping and Ulf Backlund - General Manager Products & Chemicals Stena Bulk.

11/09/2023

VesselsValue August Market Report: dry bulk demolition rates rise to levels seen last in January 2021. Rates are coming down but demolition prices remain high, giving owners the opportunity to offload older tonnage.

Follow the markets in our free August 2023 Market Report, now available!

Download the full report here: bit.ly/45GxCsq

07/09/2023

Daniel Nash, Head of Vehicle Carriers, was quoted in the New York Times article "China Is Flooding the World With Cars" discussing the big increase in overseas sales for gasoline-powered models.

"The incentive to build more ships is clear. The cost per day for an automaker to hire a car-carrying ship has soared to $105,000, from $16,000 two years ago, Mr. Nash said. BYD is spending close to $100 million apiece for the construction of what will be the six largest car carriers ever built. Most of the vessels are scheduled for completion in the next three years."

Read the full article here:

Even as China’s other exports falter, its carmakers are seeing big increases in overseas sales, mainly for gasoline-powered models.

17/08/2023

So far in 2023, the top 10 biggest spenders on second hand bulkers have spent a collective USD 1.58 billion on 51 vessels. However the top 10 tanker owners have doubled that, spending a total of USD 3.66 billion on 90 second hand vessels, reports VesselsValue Content Analyst Rebecca Galanopoulos Jones.

The top two biggest spenders on second hand bulkers and tankers, Golden Ocean Group and Scorpio Tankers respectively, have already spent over USD 1.1 billion together in 2023.

Read the VesselsValue recap of biggest bulker and tanker spenders here https://ow.ly/wNbe50PzM5g