The single biggest expenditure for any owner, investor or financier after buying a vessel is the cost of dry-docking. These significant costs can adversely affect the vessel’s commercial viability if not properly controlled and with an ever-changing regulatory landscape in shipping, the CAPEX demands of routine dry dockings can escalate considerably.
Idwal provides a comprehensive dry dock management service which has been proven to save our clients time and money.
Our objective is to protect our clients' interests and to ensure the dry-docking is well-planned, controlled and executed in line with industry best practise and with minimal cost-escalation. Critically, ensuring that spending authority is respected and financial exposure is minimised where possible. Whilst ensuring that asset-integrity, longevity and fulfilment of future charter commitment is not compromised.
Our deep experience in this area shows that when dry-docking projects are monitored closely and controlled well, the chances of savings in both time and cost are increased.
Major shipowners, banks, funds and financial investors in shipping have used our comprehensive dry dock services with positive results, saving time and money.