Maritime freight management solutions provider Veson Nautical has announced its intent to acquire vessel valuation provider VesselsValue.
VesselsValue was founded in 2011 and is considered the market standard for daily updated, automated, vessel-specific valuations.
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The company – which has nine offices globally including London, Singapore, Shanghai, Hong Kong, and Oslo – has a database consisting of more than 81,500 vessels and is focused on acquiring, storing, and commercializing data in the form of valuations, reports, and market insights.
Veson Nautical hopes to combine VesselsValue products and services with its existing solutions, improving model updates by incorporating information from sources within the Veson Nautical product portfolio, such as Q88 and Oceanbolt.
“VesselsValue brings a wealth of knowledge and experience to our organisation, and we look forward to them joining the Veson team,” said John Veson, CEO and co-founder at Veson Nautical.
“In addition to valuing the world’s fleet, VesselsValue has a sophisticated analytical valuation methodology which we will harness to provide our clients with deeper insights to promote sustainable commercial and operational decisions.”
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By GlobalDataVesselsValue’s maritime brand and product line will continue to produce analysis and insights under the Veson Nautical umbrella, becoming part of Veson Nautical’s suite of services when the acquisition is finalised in early May.
The area of VesselsValue that focuses on aviation will be spun out into a separate, standalone company.
“This is a massive moment for VesselsValue. We are incredibly excited to become part of the Veson ecosystem. Connecting to Veson’s powerful platform will drive VesselsValue further towards our mission to make maritime markets transparent,” said Richard Rivlin, CEO and co-founder of VesselsValue.
“Clients will now have access to a wider range of unique maritime intelligence and first-class support. I am so proud, and I thank everyone who has helped take this from just an idea to such an important milestone today.”
In 2021, Veson Nautical bought Norway-based Oceanbolt, a data-as-a-service company that offers marine shipping intelligence for the dry bulk commodities and shipping operations market.
