Acquisition in Oslo
Oslo (Norway)-based shipping research and advisory company Via Mar is to become part of Vessels Value, which has over 200 employees across eight offices worldwide in UK, Singapore, Hong Kong, Shanghai, Seoul and Manila. Via Mar has over 100 years of shipping experience and long-established relationships with banks, investment funds, operators and traders, predominantly focused in Northern Europe and the Nordics.
Using its forecasting model, the company produces quarterly forecasts to highlight key turning points for the bulker, tanker, container and LPG sectors and incorporates freight earnings and vessel valuations into its reports.
Reidar Sundvor will remain managing director of the unit in the Oslo office, running all day-to-day operations. He commented: "We have been cooperating with Vessels Value successfully for more than six years with a growing number of shared clients and synergies. This next step is very positive.” (sh)