Monday, November 7, 2011

Container Shipping Added to Bulk Freight and Tanker Price Guide

VesselsValue Site Extends Coverage
Shipping News Feature

UK – WORLDWIDE – Sales and Purchase brokers Seasure Shipping Ltd., members of the Baltic Exchange, launched the useful price guide site in May this year to give an indication of the resale price of tankers and bulk freight carriers and has now moved to include container ships in its informative directory. The group claims that the service provides instant, data-driven ship valuations and market insights for vessels and portfolios which are currently being used by players in the commercial banking, investment fund, ship owning and broking sectors.

The service incorporates ship specifications, real time sales and current freight earning trends in what has proved a turbulent market in recent years thus giving up to date information and it claims to be an economically advantageous, quick and convenient method of ship valuation set against traditional options.

Vessel price calculations are continually updated and recalibrated daily to give the closest possible fit to reported sale prices, whilst accuracy is tested and reported by comparing valuations against prices achieved in the market. VesselsValue believes that by adding containerships to the service it will provide a much needed benchmark for ship values in this sector.

The information from the site can be extrapolated to assess accurate and up to the minute analysis of shipping companies’ asset values thus enabling the support of vessel loans and purchases by providing an element of loan, covenant and risk analysis to prospective investors.

The system is available on subscription basis or pay-as-you-go to suit individual users as well as large organisations and further details can be obtained on the VesselsValue website or by e mailing whilst an extended portfolio of what is on offer can be seen HERE showing the mathematics involved in vessel valuation and HERE for more about the analysis of data utilised in the vessel evaluations.

Photo: Celebrating a New Build Delivery (courtesy of Seasure Shipping)