Veson Acquires VesselsValue Further Consolidating Maritime Data Market

46
Credits: Ian Taylor/ Unsplash

The maritime data sector continues to consolidate with market leaders rounding out their offerings to become a robust source for the industry and its related businesses.

Comprehensive Product Offering

According to the companies, by combining VesselsValue products and services with Veson’s existing solutions, customers will benefit from a comprehensive product offering. The move will add a market-leading company and brand with a proprietary data set and unique modeling capabilities to Veson while bringing onboard a team dedicated to the maritime industry. Combined they believe the platform will offer enhanced data-driven decision-making capabilities. “VesselsValue brings a wealth of knowledge and experience to our organization, and we look forward to them joining the Veson team,” said John Veson, co-founder & CEO of Veson Nautical. 

Tracing its origins back to 1979 and a simple initial data set that automated port-to-port data tables, Veson Nautical has grown to offer maritime freight management solutions focused on the global shipping economy. The company launched its core offering IMOS with its chartering, operations, and financial modeling modules in 2004. The drive to build out a more comprehensive platform began in 2021 when Veson Nautical acquired Oceanbolt, a market intelligence service.

Aims and Objectives

Founded in 2011, VesselsValue’s goal was to bring transparency to the maritime market and is considered the market standard for daily updated, automated, vessel-specific valuations. With a database consisting of more than 81,500 vessels, VesselsValue reports it has 2,500 users including major banks, leasing companies, shipowners, investment funds, hedge funds, lawyers, advisors, and government regulators.

Veson expects to finalize the acquisition in May and like its prior acquisitions highlights that VesselsValue’s maritime brand and product line will continue within the Veson platform while also offering access and integration with the broader capabilities of the company.

Did you subscribe to our newsletter?

It’s free! Click here to subscribe!

Source: Maritimeexecutive

LEAVE A REPLY

This site uses Akismet to reduce spam. Learn how your comment data is processed.