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COMMENTAR Y


Fig.3 Different market, different age curves


100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0%


Curve flattens as buyers more concerned with prompt delivery into good market than ship age


Source: VesselsValue.com Hot


Strong Normal Weak Frozen Scrap


Larger premium for younger vessels which can wait out a bad market


“Supply and demand fundamentals for this industry are key in providing an in-depth understanding of global macroeconomics.”


0 5 10 15 AGE/YEARS 20 25 30


Geospatial intelligence obtained from satellite and terrestrial vessel tracking provides information about varying trading patterns along with structural changes in the transportation of certain goods due to geopolitical changes. Trading patterns for popular asset classes denote the importance of the Australia to China or Brazil to China routes for the trade and transportation of iron ore and coal.


Additionally, speed of the global fleet and periods of congestion may affect the freight rates. The period of employment of a vessel compared to the global average may also reflect the operator’s capability to secure employment and minimise the empty ballast passage. Fig.4 shows how the proportion of time


spent by Capesize vessels at different navigational statuses varied over a year, indicating seasonality of trade and changes in freight market conditions.


Summary The amount of data available to all of us is growing at an exponential rate, and the ability to analyse it faster is more important than ever. We are seeing an increased appetite from all areas within shipping for high-level analytics. The industry requires advanced algorithms, huge data, innovative analytics and cutting-edge technology, while always being firmly grounded in commercial reality and application. Most importantly, it must be continuously updated, tested and optimised. THFJ


Fig.4 Time spent at different navigation status − Capesize


100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0%


178 MONTH (2013)


2 3 4 5 6 9 10 11 12 Source: VesselsValue.com


Moored (discharge) Moored (load) At anchor


Ballast underway Laden underway


62


TIME SPENT


PERCENTAGE OF RESALE VALUE


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