BUSINESS

VesselsValue take-off

vesselsvalue-take-off

Online shipping valuation and data provider VesselsValue announced on Friday its launch into the aviation market with an automated daily valuation platform, an industry first, as well as an extensive fleet search and transactions database across all aircraft.

Each night at 8 pm GMT, the valuation algorithms are automatically recalibrated with the latest transaction and market sentiment data, resulting in VesselsValue being able to produce live and objective aircraft, fleet and portfolio values instantly.

“A big advantage was our ability to leverage the advanced algorithms, data processing techniques, technologies and experience gained in the maritime space which we have continually built on and optimized over the last ten years. Our aviation teams will continue to learn from maritime and vice versa, ultimately allowing better valuations and market intelligence for both industries,” said Chief Strategy Officer Adrian Economakis.