Japanese shipowners and financial institutions control a vast quantity of tonnage in the global shipping markets and are very active participants in global second-hand markets where Idwal has a market leading position. In addition, there has recently been a change in the way Japanese financial institutions approach asset finance, which focuses on the collateral value of the financed ship. For financial institutions structuring asset finance, the vessel is the collateral itself and condition surveys are essential to monitor the state of the ship.
