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$VALUE
让航運更智能
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Introduction 简介
VesselsValue is the online intelligence and information service used by the world’s leading commercial and investment banks, private equity, investment and hedge funds, shipowners and operators, lawyers, accountants and brokers.
VesselsValue currently has three services:
• Vessel Search (VV+)
• Valuation (VV$) Market & DCF value
• Mapping (VV@)
We offer our services as an annual subscription but ad-hoc services can also be arranged.
Customers• Commercial and Investment Banks
• Shipping Funds and Leasing Co.’s
• Ship Owners
• Accountants
• Lawyers
• Oil and Commodity Majors
• Classification Societies and P&I Clubs
Benefits & Uses• Market analysis and opportunity identification
• Credit assessment
• Loan agreements and covenant monitoring
• NAV and leverage calculations
• Risk and financial modelling
• Reporting
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Introduction 简介
VesselsValue 提供品质卓越的网络智能和信息服务,我们的国际客户均是行业领先者,例如商业和投资银行、私募股权、投资 和对冲基金、船舶主和操作员、律师、会计师和经纪人。
目前 VesselsValue 有三个主要服务项目:
• Vessel 搜索 (VV+)
• 估价 (VV$) 市场 & 现金流折现值• 测绘 (VV@)
我们提供的服务按年度订阅但特别的
服务,也可以被安排。
客户• 商业银行、投资银行
• 船舶基金、租赁公司
• 船东• 会计师• 律师• 石油、商品集团• 船级社、船东互保协会
应用• 市场分析、寻找投资契机
• 信用评估
• 贷款协议条款监控
• 净资产值、负债计算
• 风险、金融建模
• 报告制作
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VV$ Fleet valuationFleet valuation includes:
• Market values of live fleet and newbuilds
• Owner relationships
• BB’s, JV’s & pools
• Buying, selling and demo histories
• Time series back to 2007 and excel exports (daily market values)
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VV$ 公司船队估价 公司船队估价包括:
• 现有船队及新造船的市场估价
• 所有权关系
• 光租、合资、航运联营记录• 船舶买卖、报废记录• 据回溯至 2007,一键输出每日估价至 Excel
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VV$ Vessel market valuationVessel market valuation includes:
• Instant current value
• Time series back to 2007 and excel export (daily values)
• Transactions back to 2005
• Vessel specifications
• Valuation certificates
Valu
atio
n (U
SD m
illio
ns)
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VV$ 单船市场估价单船估价包括:
• 即时市场估价
• 数据回溯至 2007,一键输出每日估价至 Excel
• 二手船交易记录 ,数据回溯至 2005
• 船舶规范
• 估价证书
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VV$ Discounted Cash Flow
• DCF Outputs
• DCF Value Assumptions
• DCF Value Analysis Chart
• DCF Breakdown Calculations
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VV$ 现金流折现
• DCF 输出
• DCF 价值的假设• DCF 价值分析图表
• DCF 分解计算
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VV+ Advanced search
Search vessel database across multiple specifications, value, survey position, owner etc.
Compare values and specifications of several vessels on one screen.
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VV+ 高级搜索
通过各种条件,例如技术规范、估价、船检信息、船东等检索数据库,寻找目标船舶。
在同一屏幕上,同时比较各个船舶的价格和指标详情。
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VV@ Vessel mapping
• Focus on specific zones to analyse vessel/ fleet movements
• Historical vessel movements
• Filter by laden/ballast, destination and ETA
• Port Distance Calculator
• Zone Alerts
VV@:手工绘制的区域设置在伊丽莎白港的周围
VV@:跟踪鹿特丹到纽卡斯尔距离
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• 重点分析单船和公司船队的航道和地点信息
• 船只航道和地点的历史记录• 可通过装载/空载,目的地或预计到达时间对信
息进行筛选• 港口距离计算器
• 区域通知
VV@ 测绘
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Analysis of Valuations vs Sales Prices from 1/1/2010 to 1/1/2015
船只估价与成交价历史对比
( 2010年1月1日- 2015年1月1日)
Recent Sale & Purchase Transactions ($m)
The price the ship was sold against the price VesselsValue gave the day before the sale took place.
Number of sales / 总成交笔数 3,576Mean age (years) / 平均船龄(年) 12Mean price ($m) / 平均成交价(百万美元) 15
Date成交日期
Vessel Name船名
Vessel Type船型
Age船龄
NB: We run back-tests on a daily basis to improve our accuracy. The results of this back-testing is publicly available on the VesselsValue website.
Accuracy range % of valuations +/- 10% 89.86% +/- 20% 99.75% +/- 30% 100.0%
Accuracy
30/12/14 Atlantic Pearl HANDY BC 4 33100 DWT Japan 16.65 18.5 1.85 11.10%
23/12/14 Borkum Trader SUB PANAMAX CONT 16 2472 TEU Germany 6 6.17 0.17 2.80%
23/12/14 Maersk Claire MR TNKR 18 45000 DWT South Korea 8 7.46 -0.54 -6.80%
22/12/14 Star Kim HANDYMAX BC 20 38900 DWT Japan 5.9 5.14 -0.76 -12.90%
19/12/14 Cape Endeavour LR2 TNKR 4 109000 DWT China 46.25 41.4 -4.85 -10.50%
19/12/14 Scarlet Star MR TNKR 9 37300 DWT South Korea 16 15.62 -0.38 -2.40%
19/12/14 Emerald Stars MR TNKR 9 37300 DWT South Korea 16 15.62 -0.38 -2.40%
18/12/14 Marine Sanaga HANDY CONTAINER 7 1700 TEU Japan 12 12.51 0.51 4.30%
18/12/14 Naida SMALL CHEMICAL TNKR 11 8800 DWT Japan 9.2 10.65 1.45 15.80%
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准确性
近期二手船交易(百万美元)
船只实际成交价与 VesselsValue 在成交日前一天的估价对比。
注:我们每天都进行回溯测试以提高准确度。测试结果会公布在 VesselsValue 网页上。
(%) 估
值
估值差異 (%)
Size吨位
Builder country建造国
VV valueVV估价
Diff 价差
Sale price成交价
3,981Mean price ($m) 15
54,59712
Accuracy Range % ofvaluations
+/- 1% 11.17%+/- 2% 21.94%+/- 3% 37.73%+/- 4% 47.47%+/- 5% 56.26%+/- 10% 87.29%+/- 20% 99.69%+/- 30% 100.00%
Mean -0.84%Std dev 6.22%
2,181Mean price ($m) 15
65,91813
Accuracy Range % ofvaluations
+/- 1% 15.4%+/- 2% 30.9%+/- 3% 52.4%+/- 4% 63.9%+/- 5% 73.8%+/- 10% 96.8%+/- 20% 100.0%+/- 30% 100.0%
Mean 0.30%Std dev 4.94%
Statistics
Analysis of Valuations vs Sales Prices from 1/7/2010 to 1/7/2015
ALL VESSELS (3,981)
BULKERS (2,181)
Sales
Sales
Mean Size (dwt)Mean Age (yrs)
Mean Size (dwt)Mean Age (yrs)
Statistics
0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
-50% -30% -10% 10% 30% 50%
% o
f val
uati
ons
Valuation difference (%)
0%
1%
2%
3%
4%
5%
6%
7%
-50% -30% -10% 10% 30% 50%
% o
f val
uati
ons
Valuation difference (%)
30/12/14 Atlantic Pearl HANDY BC 4 33100 DWT Japan 16.65 18.5 1.85 11.10%
23/12/14 Borkum Trader SUB PANAMAX CONT 16 2472 TEU Germany 6 6.17 0.17 2.80%
23/12/14 Maersk Claire MR TNKR 18 45000 DWT South Korea 8 7.46 -0.54 -6.80%
22/12/14 Star Kim HANDYMAX BC 20 38900 DWT Japan 5.9 5.14 -0.76 -12.90%
19/12/14 Cape Endeavour LR2 TNKR 4 109000 DWT China 46.25 41.4 -4.85 -10.50%
19/12/14 Scarlet Star MR TNKR 9 37300 DWT South Korea 16 15.62 -0.38 -2.40%
19/12/14 Emerald Stars MR TNKR 9 37300 DWT South Korea 16 15.62 -0.38 -2.40%
18/12/14 Marine Sanaga HANDY CONTAINER 7 1700 TEU Japan 12 12.51 0.51 4.30%
18/12/14 Naida SMALL CHEMICAL TNKR 11 8800 DWT Japan 9.2 10.65 1.45 15.80%
% 差
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‘‘It is part of a clear trend towards more advanced techniques for valuing ships. They are unlikely to replace the human element in haggling over actual sale and purchase deals. But such analytical techniques putting an objective value on a vessel offer valuable tools for financing and other applications.’’Lloyd’s List ‘Basis for valuing ships is undergoing a sea change’ 9th June 2011
‘‘(VesselsValue)是这个清晰的船舶估价高技术化趋势的
一部分。尽管不太可能完全代替人工估价在实际船舶买卖中的作用,但这种客观的估价方法在金融及其他领域
有着巨大的价值。”
“We need to attract new capital to the business,” says ICAP head of sale and purchase Mr Macpherson. “And for that, we need a reliable valuation system to allow the punters to come in and not be as scared as they have been.’’ Mr Macpherson thinks that to create “a level playing field”, valuations should be carried out by an independent third party, not by brokers also involved in other types of business. “That’s not against any broker – not against big or small brokers. It is just a way of giving the investor confidence,” he said.Lloyd’s List ‘Fairer Valuations could take pressure off brokers’ 29th June 2012
‘我们得吸引新的资本进入这一行,”ICAP船舶买卖部
的负责人Macpherson先生说道。‘‘为了达到这个目的,
我们需要有一套可靠的估价系统让投资者不必像以前那
样担惊受怕。”Macpherson先生认为这个“公平竞争的
环境”应该由独立的第三方而不是还从事着其他相关业务的航运经纪人来营造。‘‘这不是针对大的小的或是 任
何的航运经纪人。这只是给予投资者信心的一种方法而
已,”他说。
VV in the Press
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‘‘Many areas of shipping have lagged behind the financial world in embracing new technology but when a computer can handle millions of calculations in the time it takes to check the deadweight of a tanker, then the likes of VesselsValue appear to be a no brainer.’’TradeWinds ‘Going for gold on ship values’ 13th May 2011
‘‘航运界的许多领域在引入新技术方面已经被金融界甩在
了身后,但当计算机可以在核实一条油轮的载重吨的时间内进行上百万次计算时 VesselsValue 这样的服务就毫无
悬念的诞生了。‘‘
‘‘Everyone, including owners fearful of breaching their covenants, wants to know the values of their steel. The problem is that traditional desktop valuations can be expensive and slow. Neither are they necessarily objective as there is plenty of pressure on brokers to come up with the ‘right’ price.’’TradeWinds ‘Going for gold on ship values’ 13th May 2011
‘‘包括害怕违反融资合同条款的船东在内的所有人都想要
知道船舶的价值。问题是传统的估价方法不仅昂贵又耗
时。在客观性方面也有待考察,因为航运经纪人们总是面
临着要估出‘正确’价格的压力。‘
VV 相關報導
Saturday 10th February 1996 was a fateful day for chess: Gary Kasparov, then world champion and now widely considered to be the strongest player ever, was beaten by a computer under tournament conditions for the first time (he lost in 37 moves, playing black in a Sicilian Defence). Today, computer programs are routinely better than the best grandmasters.
1996年2月10日星期六对于国际象棋来说是历史性的一天:被认为是史上最强棋手的世界冠军加里·卡斯 帕罗夫首次被电脑击败(他执黑以‘西西里防御’开局,在第37回合落败)。今天,电脑程序比最好的象棋大师更优秀已经是件司空见惯的事了。
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Current clients
SectorsCommercial Banks • Investment Banks • Leasing Companies • Investment Funds • Private & Public Shipowners • Expert Witness • Accountants
Locations
爱尔兰
德国
丹麦
挪威瑞典
克罗地亚
中国印度
黎巴嫩
日本南韩
澳大利亚
香港
新加坡
以色列希腊
埃及
瑞士法国
摩纳哥
比利时
英国
巴拿马美国尼日利亚 阿拉伯
加拿大
印度尼西亚
沙乌地阿拉伯
荷兰
泰国
义大利
土耳其
巴西
马绍尔群岛
保加利亚
巴哈马
台湾卡塔尔利比里亚 塞浦路斯
南非
摩洛哥
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目前客戶
地区
行业商业银行 • 投资银行 • 租赁公司 • 投资基金 • 私有 & 上市船主 • 专家证人 • 会计师
爱尔兰
德国
丹麦
挪威瑞典
克罗地亚
中国印度
黎巴嫩
日本南韩
澳大利亚
香港
新加坡
以色列希腊
埃及
瑞士法国
摩纳哥
比利时
英国
巴拿马美国尼日利亚 阿拉伯
加拿大
印度尼西亚
沙乌地阿拉伯
荷兰
泰国
义大利
土耳其
巴西
马绍尔群岛
保加利亚
巴哈马
台湾卡塔尔利比里亚 塞浦路斯
南非
摩洛哥
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News & reports
Let us know if you would like us to email you any of the following:
The VV TrumpetWeekly newsletters from VesselsValue
The Red ReportMonthly shipping reports from VesselsValue
The Blue/Green ReportWeekly S&P/Demolition reports from our sister company, Seasure Shipping
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Press 合作媒体
中国海事服务网 CNSS
日本海事新闻 JMD
英国金融时报 FT
英国贸易风 TW
英国劳埃德船舶日报 LL
韩国 Maritime Press MP
美国 Marine Money MM
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Value specific ships and entire fleets in seconds
单船或船队瞬时估价
Historical values and interactive charts
历史估价及交互式图表
Ownership and transactions
船舶所有权及交易记录
Sales, fleet and market information
二手船买卖、船队及市场情报
VesselsValue Ltd is registered in England注册于英格兰
VV
06/15 CHINA
For more information please contact
Sales +44 (0) 20 3327 9650
Email [email protected]
Web www.vesselsvalue.com
VesselsValue
Lyric House, 149 Hammersmith Road,
London W14 0QL, United Kingdom.