VesselsValue, in partnership with Idwal Marine, recently announced the launch of automated Condition Adjusted Values. CAV combines a vessel’s actual condition with algorithmically derived market values to now account for a vessel’s physical condition, a first for the maritime industry.
“CAV will assist stakeholders to get value for the additional time, effort and expense of maintaining quality fleets; an effort that we see rewarded in transactions but not in valuations currently,” said Tom Evans, Director of VesselsValue.
Idwal vessel grading data is fed into the VesselsValue algorithms to produce daily automated Condition Adjusted Values. Historical inspection reports can also be requested directly through the VesselsValue platform. If no permission has been granted by the owner, or if no recent inspection reports are available, users can commission a new inspection report via the platform.
“We’re thrilled to enter a partnership with VesselsValue to bring Condition Adjusted Values to the industry,” said Nick Owens, Managing Director at Idwal. “Through the combination of Idwal’s latest grading data, users now have greater visibility into a ship’s true value. This is just one of the ways Idwal is bringing inspection data back to the industry to help it make smarter decisions.”
We are VesselsValue, a leading online valuation, AIS and market intelligence service for the maritime and offshore sectors. We cover the global fleet of Bulkers, Tankers, Containers, LPG, LNG, Small Tankers, Small Dry, Offshore and Superyachts. Our services are used by the world’s leading banks, investment funds, ship owners and more. We work with our clients to assess the market quickly and easily for everyday business intelligence. Whether you need confidential and instant values, a comprehensive database or vessel tracking and trade information, VesselsValue is the partner you can count on.
About Idwal Marine
Idwal Marine assists a diverse global client base including lending banks, financial institutions, private equity groups, ship owners, brokers, insurers and charterers worldwide by inspecting and identifying the technical risks of a wide range of different maritime assets. Our services also include investment due diligence support, technical advisory, remote asset analysis, portfolio oversight and rapid pre-purchase inspections to the global maritime industry. Delivering innovative and easy to interpret data to our clients is what we do. We pride ourselves on our ability to identify technical and operational risks, working closely with our clients to help them to understand and mitigate them.