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The Trumpet 24092014

Wednesday 17 June 2015
Generating 400, 000 valuations a year and rising.
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Ben Forbes, US Sales, Georgina Gavin, Director, and Adrian Economakis, Strategy Director standing by the VV stand at MarineMoney in NY Researcher Marie – Blanche de Thomasson at the Bourse International De Paris event in Paris
It was a momentous day in our office yesterday, VesselsValue.com has reached 1 million values! In just over 4 years since our launch, VV has become the first name in valuations and the preferred valuation provider for the world’s shipping banks, private investment funds and owners.As shown above, Bulkers are the most valued ship type by VV subscribers.Register for a demo of our valuation service and help us get to the next million.

VV in the Press: Wall Street Journal

VesselsValue.com data was recently quoted in the Wall Street Journal article Ships Scrapped as Freight Rates Fall.

Read more VV in the Press Best of VV on our blog.

Seasure’s Demolition Report

Seasure Shipbroking’s weekly demolition report looks at individual ships scrapped, LDT/$ fluctuations and demolition trends within the bulker, tanker and container industries.

Click here to register for the full report, which comes out every Wednesday.

Job of the Week

See Spinnaker’s Job of the Week: Operations Manager – Middle East

We are currently working with a leading provider of offshore services who is looking for an Operations Manager to join their team in the Middle East.

Your Weekly Seasure S&P Report

Register for the Seasure Blue Report to see the total sales for last week, comparing the VesselsValue.com online valuation to the sale price. 2014 ytd S&P trends are also included.

Older VLCC values increasedThe main story of the week has been VLCCs with Metrostar selling 4 2015/2016 delivery VLCCs to Euronav with an additional 4 options (delivery 2016/2017). The price for the firm ships was usd 96 million which was slightly below the VV value. Also in the last week the Kalymnos 299, 100 dwt blt 2000 Daewoo has been sold by Centrofin to Russian interests at the very firm price of usd 39 million. This has resulted in the values of modern VLCCs dropping while values for older tonnage have increased. No other significant activity has taken place in the tanker market.Only significant activity in the bulker market has been in the Ultramax / Supramax segment where 2 NB resale Ultramaxs ex Oshima have been sold to Greek Buyers at usd 25 million and the Aston Trader I 55, 500 dwt blt 2008 Oshima has been committed on subs at usd 12.8 million also to Greek buyers. The effect of these to sales has been to slightly increase the values of modern tonnage while decreasing the values of older tonnage.Again, minimal activity in the container segment.

 

Read more of our Weekly Valuation round ups here.

Richard Rivlin speaking at Tradewinds event next week

VesselsValue.com CEO Richard Rivlin will be speaking at the Tradewinds Shipowners Forum in Athens, Greece next Thursday.

Topics proposed by Richard for the event include:

•    How will S&P be broked in 10 years time
•    Are Shipowners in Wonderland with so many brokers servicing them. Can it last?
•    Buy cheap dry and wait or buy expensive wet and earn
•    Brexit or Grexit. Which will happen first and how will it affect shipping

Get in touch to arrange a meeting with the VV staff who are also attending, or click here to read more about the event.

Follow VesselsValue.com

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