New Shipbuilding Orders Threaten Fragile Sector Recovery
Reuters – Overcapacity threatens to derail a fragile recovery in the global shipping sector as ship owners and investors place orders for new vessels betting on better times, according to a recent survey. Ship owners ordered large numbers of vessels between 2007 and 2009, just as the global economy sank into its biggest crisis since the 1930s. In recent months, prospects have brightened as the sector absorbs the tonnage as well more positive signs for world trade. Investors including private equity players are eyeing prospects with a wave of new ship ordering taking place.
VesselsValue.com Adds eBroker to Online Service
The online ship valuation service VesselsValue.com, which covers tankers, bulkers and containers, has now released ‘eBroker,’ the most significant upgrade since containerships were added last November. Built over the past four months, eBroker allows instant confidential access to the world fleet and the ability to drill down into real time vessel ownership. This is supported by dynamic graphic and chart representation all with the VV stamp: easy and instant. While current and historical valuations for both individual vessels and entire fleets remain the core service offering, VesselsValue.com is using its database to provide increasingly comprehensive sales statistics, fleet stats and market information.
VesselsValue adds Containerships to Online Valuations
The online ship valuation service, which already covers tankers and bulkers, is now valuing Containerships from Feedermax (500 teu) up to ULCV (18,000 teu). VesselsValue was launched earlier this year by London based S&P broker Seasure Shipping Ltd. The service provides instant, data-driven ship valuations and market insights for vessels and portfolios which are currently being used by sophisticated players in the commercial banking, investment fund, ownership and broking sectors. The service signals a change in the way ocean going vessels are valued.
