Vessel valuation methods
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Keywords
Vessel valuation ; IFRS ; US GAAP ; Shipping industry ; Accounting frameworkAbstract
The aim of this thesis is to investigate the accounting framework of shipping companies
and the main methods of ship valuation. Initially, the International Financial Reporting
Standards (IFRS) and the US Generally Accepted Accounting Principles (US GAAP)
are analyzed with emphasis on their applications in shipping and the differences
between the two standards. Then, the structure of the freight market, the shipbuilding
and used ship market, the demolition market and the factors that affect prices in each
market are examined. The main valuation methods are then analyzed – market approach,
income and replacement cost approaches - a comparison of their applications is made,
and the influence of the chosen accounting framework on them is investigated. The case
study that was carried out aims to investigate the valuation methods applied in the
financial statements of shipping companies. The conclusions highlight the importance
of the chosen valuation methods and accounting framework for shipping companies
and some suggestions for future research are presented.
Postgraduate Studies Programme
ΝαυτιλίαDepartment
Σχολή Ναυτιλίας και Βιομηχανίας. Τμήμα Ναυτιλιακών ΣπουδώνNumber of pages
77Language
EnglishCollections
Except where otherwise noted, this item's license is described as
Αναφορά Δημιουργού-Μη Εμπορική Χρήση-Όχι Παράγωγα Έργα 3.0 Ελλάδα
Αναφορά Δημιουργού-Μη Εμπορική Χρήση-Όχι Παράγωγα Έργα 3.0 Ελλάδα