London: The ceo of VesselsValue.com casts his eye over the markets, making a number of interesting predictions in today’s Maritime CEO interview. Richard Rivlin thinks that oil prices are set to recover, there will be a softening of the tanker market and some recovery in the dire dry market.
“I also predict that USA hedge funds will take an interest in offshore,” Rivlin adds.
With the markets still fragile there is some limited cause for optimism, Rivlin reckons.
“The chartering market volatility does give hope,” he says, explaining: “Bad markets can recover quicker than we always think. There is an ever-increasing use of econometrics giving those in the know significant market edge.”
In terms of what concerns him, Rivlin cites the EU and Chinese yards near the top of his list.
“European stagnation and the downward spiralling of asset values worries me,” he says, adding: “The ability of the Chinese shipyards to flood the market with newbuildings at any cost is also a concern.”
The online ship pricing specialist is set to roll out a number of new services this year including discounted cash flow values, small dry and other specialised ship type values, offshore market values and quantitative analysis of shipping movements.
Once again this year VesselsValue.com will be teaming up with Maritime CEO to produce our annual Rich List, a study of the richest owners by fleet value in the world. This exclusive data will form a centerpiece of Maritime CEO’s June Nor-Shipping edition. Last year’s Rich List is available to read online here.
