Subscribe to RSS feedHamburg ship valuations a ‘fudge’, say critics
CONTAINERSHIP owners who are pinning their hopes on the ship valuation formula devised by Hamburg shipbrokers to see them through the crisis could be in for big shock at the end of the year, critics of the scheme have warned.
Although PricewaterhouseCoopers (PwC) has tested the methodology and pronounced it sound, several senior industry figures expressed amazement that an auditor could endorse a formula that includes a view on future charter rates.
“It is a fudge – intellectually it...
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