Ship Valuations

As independent shipping experts and analysts, we work with many of the leading international ship financiers and banks, as well as with national and international shipping companies and ship owners.

Ship Types

All standard types of commercial vessels, special vessels, new buildings, second-hand vessels and offshore constructions, including inland-, seagoing- and passenger-vessels, floating docks, drilling rigs etc.

Every year we prepare over 7,000 valuations for a wide range of vessel types.

Valuation Contents

Application of valuation methods based on customer requirements.

Our valuation methods: comparative value analysis, discounted cash flow, long-term asset value and material asset valuation.

Qualified evaluation of vessels with consideration of technical details.

Market valuations of vessels, with and without physical inspection.

Valuations may include or exclude charter rates.

Evaluation of average charter rates and average operating costs.

Compilation of multi-year time series of market value and time charter rate trends for various vessel types and vessel ages.

Market analysis for different ship types.

Our Service and Expertise

Quick process of inquiries and explanation of the valuation to our clients - please feel free to give us a call.

Access to an internal database with over 44,000 records spanning three decades and analysis of published ship values, which is constantly updated.

Constant market observation.

Conscientious work according to the guidelines for publicly appointed and sworn valuators.

Compliance with legal requirements and bank mortgage regulations for ships.

According to the client’s requirements, reports are prepared in detail or as a direct-access desktop valuation report.

Recognized Valuation Techniques

Comparative Value Analysis: This method, also known as the reference value method, uses transaction data from comparable vessels to determine value. Transaction data includes reported sales and newbuilding prices from our comprehensive database. Adjustments are made depending on the specifications of the individual vessel.

Discounted Cash Flow (DCF): A valuation technique in which projected future cash flows (usually time charter revenues) are discounted to a present value using the time value of money.

Long-Term Asset Value (LTAV): A special case of earnings-based analysis developed by the Hamburg Shipbrokers' Association (VHSS). Weselmann has been a member of the LTAV working group since its inception and has played a key role in the development of the method. The LTAV uses standardized parameters and a uniform discount rate. It is based on the long-term revenue potential of the vessel. This is particularly useful when there are market distortions or extreme fluctuations. Standardized and regularly revised parameters ensure transparency in the market.

Material Asset Valuation: The asset value analysis is usually applied in cases where neither the comparative value method nor an earnings-based approach are practicable. In practice, this is usually the case for highly specialized types of vessels that rarely or never appear on the sale and purchase market and for which there is no charter market, such as pilot boats. In the tangible asset analysis approach, the asset is mentally broken down into its components, such as hull, main engine, navigation equipment, etc. Each component is assigned an appropriate value and these are added together to derive the asset value.

For more information on the various valuation methods and for advice on when to recommend and best use which, please contact our office.

Need more information?

If you would like to learn more about our automated online valuation tool "WeselmannValue" and other valuation services, please select one of the tabs at the top of the page above "Ship Valuations".

Your Contact

Bernd Holst