Looking into the not so distant future there are new concerns for surveyors, owners and lenders. LNG powered vessels are being launched almost weekly. There is also a push by engine manufacturers and shipyards to have standard fuel oil powered vessels retrofit to Liquefied Natural Gas.
Continue readingMarine Business Owners: $11.5MM Estate Tax Exemption is at Risk
Potential pending changes to the estate tax starting Jan 1, 2021 could significantly impact net worth. While the window is closing there is still time for DLS Marine and The McLean Group to provide you with a business or estate valuation to lock in current exemptions and tax rates.
Continue readingA Look at the Tier 4 World
Due to the price of oil and COVID-19, there are vessels in lay up all over the world. Taking a vessel out of service can be both a short term and long term decision. The short-term call is usually the simple – it will cost more money to run than it will make.
Continue readingVessel Lay Up…At What Cost?
Due to the price of oil and COVID-19, there are vessels in lay up all over the world. Taking a vessel out of service can be both a short term and long term decision. The short-term call is usually the simple – it will cost more money to run than it will make.
Continue readingLong Green for Long-Lived Greens
DLS Marine surveyors and appraisers have always been current with what has been going on in the marine industry. As members of the National Association of Marine Surveyors (NAMS) and the American Society of Appraisers (ASA), it is necessary for all of us to learn and amass continuing education hours in order to renew our certifications.
Continue readingToday it’s Cash Flow. Tomorrow Oil Flow?
On an adjusted dollar value basis oil hasn’t been this cheap in over thirty years. Fuel is the biggest single expense for vessel operators so this should be a blessing. Even the shock of IMO 2020 low sulfur fuel regulations have been greatly softened with the difference between high sulfur and low sulfur fuels dropping to a small gap. Only in today’s economic climate it is not the blessing it could be.
Continue readingIT’S THE ECONOMY (AND COVID-19 AND TECHNOLOGY AND REGULATORY CHANGES) STUPID
“It’s the economy, stupid.” James Carville coined this very famous and often quoted remark in 1992 when he pointed out during an election year that it was the economy that was most important to voters.
Continue readingBedlam in the Time of COVID-19
Bedlam is defined as a scene of uproar and confusion. The term comes from the St. Mary Bethlehem Hospital in England which long after its beginning became an asylum to treat the mentally ill.
Continue reading