In the current pandemic scenario, any mechanism which reduces the requirement for prospective buyers or investors to fly around the globe and attend inspections can only be of benefit. Further, it has also become far more difficult and expensive to freely move around between countries due to extra protocols enforced.…

A dry dock of a ship is a hazardous place to work at. Despite implementing measures for ensuring the safety of seafarers and workers at the dry dock, accidents can still occur frequently. Be it human error, lack of knowledge, experience, or insufficient safety equipment, in the end, the seafarers…

The last few years saw an increase in people in the maritime industry who wish to purchase shipping assets such as ships. There have been sustained improvements in the freight markets, with people looking forward to taking their trade to the next level with proficient ships. Thereby, to meet the…

Vessel Assurance Surveys For Insurance and P&I purposes, it becomes essential to assess a ship. Insurance surveys are helpful in identifying any issues which could lead to a claim. The insurance companies and the claimant mostly hire independent surveyors to get an unbiased assessment of the ship. Insurance surveys are…

A great deal of attention goes into the designing and building of ships with inspections. Shipyards are aware that even if there is a slight error/mistake, it can cost them heavy penalties and delays. This is why, when the construction of a ship is finished, the ship owners make sure…

Shipping assets such as ships require numerous checks and inspections for repairs, maintenance of damages, and mitigation of risks. These inspections are carried out at regular intervals as per the strategies adopted by the ship owners. It is difficult to examine the submerged areas of a ship unless the vessel…

Everyone who has purchased a pre-owned shipping asset is aware that there can be hidden defects or problems in the vessel. Therefore, they opt for pre-purchase inspections of their acquisitions before investing in the asset.  A pre-purchase inspection is carried out by ship inspectors on behalf of potential buyers, banks,…

The sale and purchase of shipping assets such as ships are an essential aspect of the shipping industry. It is a huge investment and requires different kinds of experts who facilitate the deals between two parties. As magnificent a ship looks, there is a need for a brokerage. So whether…