Standardized inspections, real-time comparability, and why data is the new currency in global shipping transactions.
In this episode of the HANSA.newscast, I speak with Frank Andersen, Head of Transaction Services at Idwal, about how standardized ship inspections have become a key asset in today’s global S&P market.
Idwal has taken the traditional inspection process and transformed it into a data-driven system that enables comparison, transparency, and strategic decision-making. With over 12,000 unique vessels inspected, Idwal’s grading system (1–100) now serves as a market reference point – used not only by buyers and sellers, but also by banks, insurers, and fleet managers.
Topics covered in the episode include:
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How inspection grades are shaping vessel valuations in sale-and-purchase transactions
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Why consistency and comparability matter across ship types and segments
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The increasing importance of crew management and ESG in technical due diligence
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How geopolitics influence transaction volumes and market behavior
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The role of third-party inspections in financial risk assessment and asset monitoring
With deep insight into both operational and financial sides of the shipping industry, Frank Andersen provides a clear look at how inspection data is driving smarter decisions – from shipowners to capital markets.
