Ships' Values and Estimates: Vessel Valuation Methodolgy

As complicated as it may sound, there is an established methodology valuing commercial vessels, which faces similar limitations with valuations in any other industry. While the market comparable approach (or, 'last done' ) is the best established, in times of market dislocations, replacement cost or income approach methods provide unique inside as well. At the attached introductory paper, Karatzas Marine Advisors & Co takes a quick look on vessels values and the predominant methodology applied in the industry.