This thesis statement intends to depict and analyze the major valuation methods used in the shipping market sector. These methods are the Market Method, Income Method, and Replacement Cost Approach Valuation. Valuation in shipping has a vital role in the industry as it relates to an asset investment. Every valuer and investor has to take into consideration that the Vessel is an asset its value changes at a radical pace, depending on market conditions each time. That’s why, every valuer says that valuations are made based on their commercial value and not on their construction worth. Depending on trustworthy and reputable information sources, to display the simulations with accurate and reliable results, three main completely different outcomes emerge, dependent on various parameters. It is remarkable to remember that there is no “wrong” estimation result, as the valuer is appraising a vessel considering different parameters each time and following instructions from the person or company who wants the vessel valuation.