VesselsValue expands maritime offering with the launch of ferry market values
There are 35 vessels on the global ferry orderbook, worth a collective US$5.26Bn - and the most valuable ferry is Tallink Group’s MyStar at US285M.
So says data provider VesselsValue, which has launched Ferry Market Values, adding to its existing Mapping, Fleet and Transaction database offering.
Using real-time data, the new searchable feature provides access to daily automated, current and historical market values for vessels in the ferry fleet (>12,999 gt). Users can now view current and historical S&P and charter information for all individual ferries, track live and historical journeys for any owner’s fleet, identify and compare vessels of interest, and view fleet ownership structures.
Commenting on the launch, VesselsValue head of ferry, VC and roro Dan Nash remarked, “Asset prices for ropax and cruiseferries have held up relatively well until now. Going forward, values are going to come under increased pressure and more scrutiny as we enter a new green era for shipping, shining a perpetual spotlight on energy efficiency.
“Recent takeover developments for Attica as the largest shipowner in the Greek ferry sector, show new investors are entering the market familiar with daily valuation models, bringing new ideas and expectations with them."
VesselsValue chief commercial officer Matthew Freeman also commented, “Ultimately, this has been driven by VV’s clients requiring an unbiased data-driven approach to valuing assets, by a third-party provider not tied to any particular shipowner, broker or transaction. It makes sense for a sector valued at US$24.49Bn (VV value as of 2 January, based on the top 482 ferries by gross tonnage), which has not yet fully recovered from Covid-19."
VV market values are now live for cruiseferries (large, midsize) and ropax ferries (large, midsize) >12,999 gt, covering 62% of the global fleet by gross tonnage.
VesselsValue has used its data to provide an overview of the global ferry fleet. This includes top owning countries and companies, fleet development over the last 10 years, age profile of today’s fleet and most notable deals from 2022.
Its data shows Italy is the top owning country by market value, at a total of just over US$4.00Bn, followed by China at $2.60Bn.
Grimaldi Group is the top owner by market value, with an asset value of US$1.49Bn. In third place is Stena Group.
The age profile of the global fleet shows the greatest number of vessels – 71 – to be between 20-24 years old. 65 are between 25-29 and 48 between 30-34. On the younger side, 62 are between 0 and 4 years old.
The size of the fleet has gradually grown over the past 10 years, with a total of 731,227 passengers, 522,299 lane metres and 11.43M gt versus 831,228 passengers, 547,213 lane metres and 12.65M gt in 2022.
Elsewhere, according to VesselsValue, in terms of most notable sales over the past year, Epsilon heads the list, sold at US$53M by Caronte Shipping to Euroafrica SL in May last year.
Sign up for Riviera’s series of technical and operational webinars and conferences in 2023:
© 2023 Riviera Maritime Media Ltd.