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| Published：2019.04.04 News Sources：Qingdao Gute Ship Supplies Co., Ltd. Views： | |||
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Fleet value soars, boat market shows the sign of revival
In the 12 months between April 2018 and March 2019, Transocean, Euronav, GasLog, Costamare and Star Bulk Carriers -- five new york-listed shipping companies -- increased their fleet value by nearly $5bn, according to VesselsValue. Fleet, according to data from Transocean, from $5.85 billion to $7.47 billion, Euronav fleet value from $1.93 billion to $3.35 billion, GasLog company fleet value from $2.71 billion to $3.2 billion, Costamare fleet value from $2.07 billion to $2.59 billion, Star Bulk Carriers fleet value from $1.28 billion to $1.91 billion. VesselsValue data show that the biggest buyer of second-hand ships in 2018 is Star Bulk Carriers of Greece. Trading second-hand ship in 2018 in the value of the trading day closer to $1 billion, including Star Bulk company has bought second-hand ships from various resources, including from the ER Schiffahrt bought 6 ships to the cape of good hope Bulk carrier, from Songa Bulk purchases by 15 ship Bulk carrier, from Oceanbulk bought 3 ship the cape of good hope, from Augustea group bought 6 panamax ship and after panamax ship, from ABY group holdings bought 6 ships to Bulk carriers. Euronav's acquisition of Gener8 is also a good example of the influence of a large public company in a counter-cyclical market, significantly increasing its share of the VLCC market. 2018 also saw Transocean consolidate its leading position as a publicly traded shipping company as a drilling owner. Last week, the company acquired the Ocean Rig, owned by Greek owner George Economou, which includes two semi-submersible RIGS designed for harsh conditions, nine ultra-deepwater, high-gauge RIGS and two other RIGS under construction. According to VesselsValue analysis, the normal trend in the market is that when smaller players leave the market, mature players or survivors lock in market share in a downturn. Once the market recovers, companies with large market shares will be rewarded handsomely. Volatility in cash flow has been a problem, and investment funds tend to seek these markets to add upside potential to their portfolios. But the bottom line is that the shipping industry needs patience to make a profit and many market participants have very short investment return cycles. Expect more consolidation and consolidation in 2020. The shipping industry continues to face a challenging year as excess capacity at shipyards continues to affect spot and scheduled market prices. However, signs of recovery are emerging, and some long-term trends will reward companies that have the will to stay in the shipping market. |
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