VesselsValues launches new ship selection tool

Sarah Carter
Sarah Carter

19 March 2019


VesselsValue – the ship pricing specialist service – has launched Position List, an automated tool that allows users to see which vessels are available to pick up cargo at any global location with the click of a button.

The service complements the traditional position list through providing an alternative and instant, objective and data driven view of candidate vessels, competition and availability, all with with deep supporting data. It also helps users understand localised vessel supply to help in negotiation, rate prediction and related decision making.

Users of the service are able to fully design their own position list, picking criteria including ship specs, location, arrival dates, speeds and use of transit zone. Location can be any port, region or country in the world, as well as any possible location though selecting it on an interactive map. Compared with traditional methods, VV generates an automated position list based on AIS vessel positions, GIS location information, vessel specifications and four key processes:

Open Logic: Whether the vessel will be ‘open’ to receive cargo at user defined locations. Laden vessels or those at shipyards can also be open if they are able to make it to the load location in ballast within the laycan.

Destination Logic: Captain’s reports can be unhelpful or misleading, therefore Destination Logic has been built (and is now at v3) to predict the vessel’s next move. Current and historical AIS data, derived AIS trading history and geographic restrictions make a meaningful prediction of where the vessel is heading.

Exclusion Logic: Vessels being on COA, used for storage, in layup, or subject to transit zone restrictions are, amongst others, reasons to exclude a particular vessel.

Fixtures Logic: Past, current and future reported fixtures are checked through multiple processes to eliminate rumours and misreporting.

“We are continuing to revolutionise the maritime industry, from algorithm driven valuations to real-time vessel trade analysis,” said Adrian Economakis, COO and Head of Trade and Position List products at VV. “Now the automated Position List based on big data and cutting edge technology will provide much needed real time and objective intelligence to the chartering and trading markets.”