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ViaMar's models
follow roughly the same structure, as illustrated by the dry bulk schematic
(bellow) Of course, our models allowing for differences in the structures of
the markets analyzed, making emphasis on the individually important aspects
of that market. In combining a broad and historically long database
(containing a detailed coverage of the majority of demand, a detailed
coverage of the fleets and fleet properties, and a vast and continuously
updated macroeconomic coverage) with advanced modelling techniques and 60
years of shipping experience, we provide our clients with a consistent and
structured basis for decision making
The main driver of the ViaMar model is the global business environment. Our
starting point is therefore an assessment and forecast of the macro-economic
developments in the US, OECD, Europe, China, Japan and Other Asia as
individual regions. Attention is also paid to the outlook on oil prices. It
is economic developments that generate commodity demand, which again
generates the seaborne trade through regional balances. Seaborne trade is
then transformed to demand by combination with distances and fleet
productivity.
After the
demand for vessels is analyzed, we turn to supply. The future and
recent developments of new orders, vessels deliveries, scrapping of
old tonnage is assessed. Since we cover different markets, we have a
good basis for evaluating combination tonnage as well.
The
relative outlook on demand and supply tells us how future
utilization will develop – utilization being the prime input in the
earnings forecast for any market. Making sure that earnings and
market behaviour is logical by our experience, we have a
quarter-to-quarter Base Case forecast of the market at hand
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