Veson Nautical (Veson), the maritime freight management solutions provider, has announced its intent to acquire vessel valuation provider VesselsValue. The move will add a proprietary data set and unique modelling capabilities to Veson, while bringing onboard a team dedicated to the maritime industry.
VesselsValue was founded in 2011 with a commitment to bringing 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 has been focused on acquiring, storing, and commercializing data in the form of valuations, reports, and market insights.
In 2021, VesselsValue launched a new aviation platform, VV Aviation, to focus on the aviation market providing daily updated aircraft values and market analysis. VV Aviation is not part of the sale and will be spun out into a separate, standalone company.
“We are spinning out our aviation platform and our 50-strong team will be led by me and director Ben Durber,” Adrian Economakis, chief strategy officer, who has led VV Aviation since its launch, told Airline Economics.
The new entity is fully funded and will continue the work of VV Aviation. A full brand launch is planned for early May.
Commenting on the sale of the VesselsValue maritime platform, founder and chief executive, Richard Rivlin, said: “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. 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.”
John Veson, co-founder and chief executive of Veson Nautical, said: “VesselsValue brings a wealth of knowledge and experience to our organization, and we look forward to them joining the Veson team. 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.”