The valuation of shipping and maritime assets has faced increased scrutiny due to freight market
volatility, fluctuations in capital markets, and a rigorous regulatory landscape. These variables
can significantly impact vessel values, with subsequent implications for financial reporting,
auditing, and loan-to-value (LTV) compliance. While the Market Comparable Approach (or
“last done”) remains the industry standard for loan documentation, we also utilize Income-Based
and Replacement Cost methodologies to provide critical perspective for specialized assets or
within illiquid markets.
Given the diversity of the global workboat fleet—ranging from harbor tug boats to specialized
shallow-draft vessels—no singular formula is universally applicable. Accurate valuation requires
a nuanced understanding of how a vessel’s specific features, physical condition, and technical
documentation align with current industry requirements. When executed with precision, these
assessments serve as an indispensable tool for informed decision-making.
Our firm provides comprehensive formal valuations for acquisitions, divestitures, and litigation
support. Our process integrates rigorous on-site physical surveys with extensive market research
and brokerage data to deliver a definitive valuation document tailored to our clients’ strategic
requirements
