July 14 - UK and Singapore-based VesselsValue is linking up with ViaMar in Oslo to produce "Future Market Values" for up to 40,000 different ships.
Future Market Values (FMV) covers tankers, dry bulkers, containerships and LPG carriers - some 40,000 vessels.
FMV, says VesselsValue, "enables our clients to predict instantly future sale prices of individual vessels, fleets or user defined portfolios until the predicted end of each vessel's life."
ViaMar was set up over 20 years ago by by Reidar Sundvor and the late Even Engelstad to provide objective analysis of shipping markets and employ a fundamental model.
"Both companies strongly believe that all analysis must be backed up by robust and transparent automated models.
VesselsValue says that it has been receiving demands from clients who want to use FMV as one input in their scenario analysis work, with many also using discounted cash flow, linear depreciation and demolition values as other inputs.
Separately, VesselsValue claims that its core banking clients' compliance departments are also actively using the new functionality to check values over the tenure of their loans.
