On-line valuation and information supplier, VesselsValue, stated Friday it had acquired the Norwegian delivery analysis and advisory firm, ViaMar.
ViaMar, primarily based in Oslo, is turning into a part of VesselsValue which has over 200 staff throughout eight workplaces worldwide within the UK, Singapore, Hong Kong, Shanghai, Seoul, and Manila.
The Norwegian firm supplies market analysis and advisory providers in delivery, vitality and monetary markets, and, in response to VV, has significantly sturdy relationships with main banks, funding funds, operators, and merchants, predominantly targeted in Northern Europe and the Nordics.
Utilizing its forecasting mannequin, ViaMar produces elementary quarterly forecasts to focus on key turning factors for the bulker, tanker, container, and LPG sectors, in addition to incorporating freight earnings and vessel valuations into their reviews. The ViaMar workforce has over 100 years of delivery expertise, bringing useful perception and experience to VesselsValue having lived by a number of market highs and lows, VV stated.
Reidar Sundvor will stay as Managing Director of the ViaMar Oslo workplace operating all day-to-day operations. The Oslo workforce will work with the VesselsValue groups to develop the forecasting, information, evaluation, and advisory merchandise, leveraging VesselsValue’s deep mathematical modeling, information processing, and tech infrastructure to additional improve their providing.
Commenting on the acquisition, Tom Evans, Chief Working Officer at VesselsValue stated: “We’re delighted to welcome ViaMar and its purchasers into the VV household. This acquisition supplies VesselsValue a robust base on which to develop our forecasting ambitions each in delivery and aviation. We’re happy to additionally now have an workplace in Oslo from which we will present improved ranges of perception and repair to all purchasers within the Nordics. With this acquisition, we hope VesselsValue will proceed to refine and develop its product providing, pushing for additional transparency throughout the transportation markets.”
Reidar Sundvor, Managing Director at ViaMar AS stated: “ViaMar have been cooperating with VesselsValue efficiently for greater than six years with a rising variety of shared purchasers and synergies. This subsequent step could be very constructive, the amalgamation of ViaMar’s expertise and forecasting capabilities with VesselsValue’s highly effective digitalization and analysis capability, we hope will firmly place us heart stage. Automated information feeds and cleaned AIS continues to reshape delivery evaluation, and in the end this information with new instruments will allow us to supply broader, faster, and higher insights for our purchasers.”