Big data takes on challenge of subsea values

VesselsValue has this week launched a live online valuations service for the subsea sector, a move that has been on the drawing board since 2016.

“Yes, we are finally into subsea. This is kind of the last piece of the offshore puzzle,” VesselsValue head of offshore Charlie Hockless told TradeWinds.

The UK data provider, a sister company of Richard Rivlin-led Seasure Shipbroking, has faced challenges in estimating values for automated subsea vessels because of the extremely specialised nature of the sector.