The standards that are taught in academia are the three approaches to value. They each have strengths and weaknesses. In the absence of comparable sales, and even with comparable sales being available, lenders have gone to the income approach or, Discounted Cash Flow (DCF) method.
Continue readingModern Marvels Meets Deep Sea Salvage
Last September, the Korean cargo ship Golden Ray capsized outside of Brunswick, GA with over 4,000 cars on board. After months of preparations, Versamarine’s heavy lift vessel VB-10,000 will soon cut up and remove the Golden Ray from inside St. Simons Sound.
Continue readingKenner Hendrix Advances to Accredited Member of the ASA
DLS Marine is pleased to announce Kenneth “Kenner” Hendrix, NAMS-CMS has earned the Accredited Member (AM) credential in the American Society of Appraisers (ASA) under the Machinery & Technical Specialties discipline.
Continue readingDLS Marine Builds Remote Survey Vehicle to Access Confined Spaces
A long-time customer of DLS Marine recently came to us with a knotty problem. The customer had 6 large pieces of marine equipment arriving at an East Coast port from the Middle East. The equipment was loaded on the cargo deck of a semi-submersible heavy lift ship.
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