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Shipbrokers seek new standart

Shipbrokers seek new standart
Hamburg shipbrokers want to establish a new standard for the determination of ship prices to prevent a downward spiral of containership prices caused by distressed sales.

Hamburg shipbrokers want to establish a new standard for the determination of ship prices to prevent a downward spiral of containership prices caused by distressed sales.

Hamburg shipbrokers want to establish a new standard for the determination of ship prices to prevent a downward spiral of containership prices caused by distressed sales.

In a virtually illiquid market punctuated by just a handful of forced disposals at rockbottom prices, shipowners and ship-finance banks have found it almost impossible to value assets in recent months.

Many brokers and ship appraisers have already stopped publishing ship valuations because of the problem of working out accurate figures in a market in which secondhand sale and purchase activity is at a standstill.

The new Hamburg Ship Evaluation Standards introduced by the Hamburg Shipbrokers" Association (VHSS) are designed to determine the fair value for vessels during disrupted market conditions.

www.TurkishMaritime.com.tr

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