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TransAsia Judgment

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TransAsia Judgment

Re: TransAsia Judgment post# 10107

Tuesday, 02/26/2019 4:26:00 AM

Tuesday, February 26, 2019 4:26:00 AM

Post# of 10282
Don't forget the 1 ship is depreciating, rusting, losing market value
Vessel 23 years old - residual value is what the recyclers will give you
The value of the vessel is the 26,062 of GRT weight of metal

Book value on the Balance Sheet = $2,960,232

After this vessel is scrapped - not enough money to acquire another vessel. What is your income stream then?

Shipping companies need "real equity" not promissory notes


MV: “NIKIFOROS” – FLAG: LIBERIA
nikiforos3TYPE: SINGLE DECKER BC
IMO: 9108116
BLT: 1996 IN JAPAN AT TSUNEISHI
DWT: 45693 MTS ON 11,62 M DRFT
GRT: 26062 / NET: 14899|
CLASS NK
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