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Market-Marine

MARINE

    There are over 50,000 merchant ships trading internationally, transporting every kind of cargo. This makes the merchant marine market by far the largest and most diverse sector of the shipping industry as a whole.

    Merchant vessels are technically-sophisticated and high-value assets with complex operational and technical requirements which are supported by a network of highly skilled and dedicated maritime professionals from ship owners, managers, charterers and financiers to suppliers, insurers and port officials. The operation of merchant ships generates billions of dollars each year in freight rates and it is essential to the global economy that vessels in the merchant fleet are traded safely and efficiently, with minimal downtime or loss and minimal value depreciation.

    This market is, of course, a huge part of Idwal and represents over 70% of the vessels we inspect each year. As a result, we have over a decade of experience working in each of its sub-sectors; dry-bulk, tankers, containers, general cargo, LPG, LNG and more - with appropriate people internally and externally who understand not only the wider merchant sector but also each of its specific sub-sectors.

    No matter the asset-class, we have it covered, with a bespoke inspection framework and a number of supporting services to cover every conceivable asset type, situation and customer-group, you can be sure of a full and thorough inspection when you engage an Idwal surveyor.

    We will always dispatch the most appropriate surveyor based upon skill set, background and location, armed always with our unique inspection platform framework and data requirements to deliver a first class inspection and an objective, accurate and easy-to-understand report. 

    OUR SERVICES IN THE MARINE SECTOR

    We offer a range of supporting services to meet your needs in the merchant marine sector.

    Pre-Purchase Inspections

    Leading brokers, shipowners, banks and financiers use our Pre-purchase inspection services to fully understand the condition of their intended acquisitions, on a global scale.

    Condition Inspections

    Idwal works with some of the world's leading dry-bulk charterers and commodities traders to provide detailed Pre-Charter Condition and Vetting inspections of predominantly dry bulk tonnage and some tankers, in considerable volume and on a global scale.

    Pre-Charter Vetting Inspections

    Idwal works with some of the world's leading dry-bulk charterers and commodities traders to provide detailed Pre-Charter Condition and Vetting inspections of predominantly dry bulk tonnage and some tankers, in considerable volume and on a global scale.

    P&I Inspections

    Idwal works with a number of the International Group P&I Clubs, to deliver quality, comprehensive and objective P&I surveys to the international P&I Market on a global scale. 

    Remote Asset Reviews

    If a physical inspection is not an option, then our Remote Asset Review reports, which are universally accepted across the industry, can help you make those critical decisions without the need to set foot on a vessel. 

    Dry Dock Management

    The single biggest expenditure for any owner, investor or financier after buying a vessel is the cost of dry-docking. Idwal provides a comprehensive dry dock management service which has been proven to save our clients time and money.

    Condition Adjusted Valuations

    Condition Adjusted Valuations combine a vessel’s actual condition, measured using our unique Idwal Grade, with algorithmic-derived market values to account for a vessel’s physical condition; in a first for the maritime industry.

    Benchmarking And Comparison Reports

    With access to a huge amount of vessel condition grade data, gathered over many years by our unique digital inspection framework, we offer our clients unique bench-marking tools, analytics and reports which are not available anywhere else in the market.