Another dry bulk index focusing on the handysize, supramax and panamax segments has been launched in Denmark.
Vesselindex.com has been developed by the maritime advisory company Liengaard & Roschmann. The company was established in August 2017 by the two dry bulk veterans, Anders Liengaard and Søren Roschmann.
“Many owners and operators already have their own methods for measuring, identifying and comparing ships earnings potential against others. We offer all of this in one service that constitutes a common platform for the industry,” said Roschmann.
The idea of a commercial index originates from Liengaard’s time at J. Lauritzen and Pacific Basin.
Both companies had commercial pool setups for dry bulk vessels and a common topic for discussion was the vessel’s allocated index relationship.
“The overall idea of a pool setup is that all income ends up in the same pot and subsequently gets divided between the pool partners according to each vessel’s index allocation. So every pool member obviously has an interest in getting as high indexation of their ships as possible to maximize their share of the income. The introduction of Vesselindex.com will enable pool partners to get their ships evaluated by an independent source, avoiding lengthy discussions with pool managers,” Liengaard explained, adding: “But the index is applicable in many other areas as well and can be used in relation to chartered vessels, index linked deals, benchmarking of ships in commercial management as well as in general performance evaluations.”
Liengaard & Roschmann is an independent maritime advisory company that offers a range of due diligence services centered around vessel portfolio management and acquisition projects in the dry bulk industry.
Vesselindex.com is the second dry bulk index to launch this year. In the wake of changes made at the Baltic Dry Index in London broker Howe Robinson has recently launched its own dry index.