Court Smith

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Biggest Spenders of 2018

By Court Smith 2018-12-22 19:03:27

VesselsValue's Senior Analyst Court Smith gives a rundown on which countries have splashed the most cash on second hand vessel purchases over 2018: Greece The biggest buyer in 2018 of second hand vessels is the Greek company Star Bulk Carriers. The vessels involved in the 2018 transactions were valued at just under $1 billion on the day of sale. Star Bulk have acquired vessels from a variety of sources: six capesize bulkers in a...

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Credit: Samsung Heavy Industries

Enthusiasm for Newbuild Orders Starting to Wane

By Court Smith 2018-07-10 20:10:53

The enthusiasm for newbuild orders across most shipping markets has started to wane after over $10 billion was committed in the first quarter of 2018. The total committed to new deliveries is now the lowest since the start of 2016.  Ordering trends in the start of the year were highest in the markets that were seeing the highest returns. This includes the dry bulk and LNG carrier markets, while interest in the low earnings environment tanker markets was softer. In...

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