Vessel Valuation
Valuation of individual vessels or whole fleet
We’re specialists in valuing individual vessels and entire fleets.
We follow a ‘Market Value’ approach to vessel valuations, which assumes,as described by IVSC, “The estimated amount for which an asset should exchange on the date of valuation between a willing buyer and a willing seller in an arm’s-length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently and without compulsion.”
Our valuation of your vessel or fleet is carried out on the basis of the worldwide market value as between a willing Seller and a willing Buyer and we assume a marketing period of 6 (six) months.
To date, we have valued over 360 vessels in UK waters and worldwide, so whether you’re a vessel owner, insurer, lawyer, bank or finance house, contact us for more information on this service.
Our up-to date vessel knowledge and market experience will deliver you a well-researched, accurate and professional valuation of your vessel.
If you choose to appoint us as your exclusive broker for the sale of your vessel or fleet, we will start by doing a valuation for all vessels. This is an essential part of vessel marketing and gives boards of directors and joint-venture companies better guidelines for fleet disposal after a project has come to an end.