VesselsValue launches VV Trade
Published by Angharad Lock,
Digital Assistant Editor
Dry Bulk,
VesselsValue has launched VV Trade: an easy to use, online tool to analyse global trading patterns, starting at the individual vessel level.
VesselsValue has launched VV Trade: an easy to use, online tool to analyse global trading patterns, starting at the individual vessel level.
For each specific vessel, VV Trade allows clients to clearly see:
- Activity: number of days spent laden or ballast.
- Speeds: the average speed when laden or ballast.
- Journeys: the specific journeys and dates made by the vessel.
- Stoppages: a comprehensive list of all stoppages including dates, type (bunkering, lay up, dry dock etc.) and locations.
- Tonne-mile demand for individual vessels: The number of tons carried during each specific journey (measured in nautical miles) each vessel has travelled during a time frame.
By combining this data with VV+, VesselsValue’s fleet database and search function, clients can run the above analysis for company fleets, pools or for entire ship types, as well as monitor all activities and journeys at each port.
Taking this one step further, VV Trade also allows users to focus tonne-miles demand on a global level: VV’s tonne-mile demand summary provides an overview by sector (bulkers and tankers) of demand in billions of DWT nautical miles (bn DWT NM) on a weekly, monthly, quarterly or yearly basis. As these huge bn DWT NM figures are quite hard to grasp, the summary can be switched to % change quarter-on-quarter and % year-to-date and so on. VV Trade also provides a linear projection based on the quarter to date.
VV was driven to develop the product from demand from the financial and shipowning sectors.
VesselsValue is providing an unprecedented level of transparency into the tanker and bulker trades. Understanding the underlying demand trends for different vessels types is a fundamental question for investors, lenders and owners. Also, at the operations level, companies need intelligence on evolution of trades routes, what their competitors or peers are doing and also metrics on their own, rival and benchmark fleet performance. VV Trade gives them real-time and historical information and analytics to allow them to answer these questions.
Each day VesselsValue receives 7.5 Terabytes of AIS data in a continual stream from satellites. The signal is cleaned up by the ten-strong AIS team in the research office on the Isle of Wight. The development office based in Stoke then run the data through logic engines that further examine and convert the data into vessel voyage information. On a daily basis, the database behind VV TRADE handles over 100 Gigabytes of data on tanker and bulker journeys which can be displayed for single vessels or aggregated at the company, country or sector level. Downloads in Excel are available as well as auto generated emails to the user which can be ‘called’ at anytime, even if you’re logged into the actual application.
As the data is compiled daily, clients can check the average speeds of vessels travelling specific routes as recently as yesterday. Traditionally tonne-mile demand is calculated through customs quarterly export and import data provided months after the quarter has ended, and focuses on the total tonnage of the global fleet.
VesselsValue’s tonne-mile demand is based on a unique algorithm that works out if a bulker or tanker is laden. It then uses real time AIS data to calculate the exact nautical miles the laden vessels have travelled. From this VV can then calculate the total number of laden tonne-miles for the global fleet, to provide real time figures for tonne-mile demand.
VV only charges clients for what they are interested in using. Therefore existing clients can add on the parts of VV Trade which most interests them for as little as £3000 per year.
Read the article online at: https://www.drybulkmagazine.com/shipping/26012017/vesselsvalue-launches-vv-trade/
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