Kicking the Keel with “Enhanced” Valuations

There is an expression in the American vernacular that the wisest buyers of secondhand cars are those who “kick the tires” to make sure the car doesn’t fall to pieces.

At a time when the average amount outstanding per shipping loan is climbing, margins are eroding and the Asian financial crisis is giving bankers butterflies, the need to “kick the keel” becomes that much more important. JE Hyde’s recently announced on-site “enhanced” vessel valuation product attempts to do just that. At presstime, Hyde’s is already working on an enhanced valuation for a client, so we thought we’d give a quick review of what they’re up to.

This is only an excerpt of Kicking the Keel with “Enhanced” Valuations

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