In a buoyant S&P market, up to one third of transactions now make use of pre-sale ship inspections. With transparency increasingly attractive to buyers, Campbell Johnston Clark (CJC) directors Jonathan Campbell and James Clayton, and associate Francesca Norman, explore the consequences with help from inspection company Idwal.
Over the last six months we have seen a substantial increase in sale and purchase transactions, particularly in the container and dry bulk market. The value of ships as well as charter rates in these sectors have considerably increased which has resulted in interest from shipowners and investors looking to capitalise.
