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Bulkers, Small Dry, Containers, LNG and LPG, Tankers, Small Tankers, Offshore Support Vessels (PSV's AHTS', AHT's, with Rigs, Drillships and other Offshore vessels coming soon) Circa. 50,000 live and newbuilding vessels.
Daily historical values starting 1st January 2007 for a fair market, demolition values and Discounted Cash Flow (DCF). Book and Replacement values are also coming soon.
The essential assumptions are that:
1) The Market value provided is an estimate of fair market price as at the valuation date only, and is based on the price VesselsValue estimates as its opinion in good faith that the vessel would obtain in a hypothetical transaction between a willing buyer and a willing seller on the basis of prompt charter free delivery at an acceptable worldwide delivery port, for cash payment on standard sale terms.
For the purposes of that opinion, it is assumed that the particulars of the vessel are correct and that the vessel is in good, sound and seaworthy condition, free of maritime liens and all debts whatsoever, fully classed to the requirements of her present classification society, free of class recommendations, with clean and valid trading certificates and where relevant to type and age of vessel with full oil majors, Rightship and any other relevant approvals in place.
It should be noted that VesselsValue has neither made a physical inspection of the vessel nor her class records.
2) No warranty is given as to the condition of the vessel, the correctness of its stated characteristics or particulars, or the state or availability of its records.
Further explanation of the assumptions can be found in the terms and conditions
Yes, values are determined by real-time market information, notably transactions and earnings sentiment. Additionally, the algorithms are re-calibrated nightly to best reflect the ever changing relationships through the market cycle.
VesselsValue uses a 5 factor model along with ship sales: Age, type, size, features, freight earnings and the recent sales in sector.
The impact of features is estimated by the S&P brokers and then analysed, tested against market transactions and refined.
The sensitivity to type, age, size and earnings are determined using regression techniques (weighted, multivariate, robust, non-liner, constrained model).
If there are no comparable sales the algorithm uses sales of different but similar vessels.
We realise that a sale done yesterday has more bearing than one from 2 months ago so we assign greater influence to our more recent sales.
Our regressions are run daily, meaning the market values are also updated on a daily basis.
Historical values are calculated using all the data that was available at the time.
We measure our valuations against actual historical sales to test for accuracy. If you are logged in, you can download our accuracy report from our methdology page.
The number under the market value is the charter rate needed to achieve that value shown. The number under the DCF value is the charter rate needed to achieve that specific DCF value. We use the Baltic TCE rates which are then adjusted for the specific features of a vessel.
45,373 as of 1st June 2016
Please refer to the table below...
|Parent Type||Type||Size (Min)||Size (Max)||Beam||No. of Ships|
|POST PANAMAX1||50000||119999||> 33m||579|
|NEW PANAMAX 3||10000||13399||>43m <49m||194|
|POST PANAMAX 4||3000||9999||>33m <43m||1190|
|SP FR (LRG)||12000||22999||65|
|SP FR (SML)||100||11999||122|
|POST PANAMAX MT 1||55000||84999||>33m||40|
|PANAMAX CRUDE 2||55000||84999||<33m||93|
|SMALL TANKERS (DWT)||SMALL CLEAN||1000||29499||4199|
|SMALL BULKERS||SMALL HANDY||10000||19999||727|
|SMALL DRY||SMALL HAND BC||10000||19999||690|
|MPP HEAVY LIFT||1000||39999||652|
Beams – 1 : >33m 2 : <33m 3 : > 43m < 49m 4 : >33m < 43m
Overlaps in size between categories reflect differences in sizes of newer and older ship designs. Classifications come down to alternative features such as beam or gearing. See numbered asterisks for more detail.
We collect a vast quantity of different types of information about vessels and their sale. See below for details.
We get our data from a variety of sources...
The updates are:
We are not able to provide the contact details, however we do provide a full fleet breakdown and vessel ownership details. We also attach web addresses where possible
Off site at 2 of the top UK based data centres used by the major corporations and price comparison websites. All data is mirrored across three separate UK based servers.
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