Marine Industry Solutions
Experience for Every Stage of Your Asset Lifecycle
For any vessel type, operating area or construction location, ABS Group offers decades of expertise delivering safety, reliability and integrity services to marine asset owners and operators throughout the project lifecycle—from concept, through newbuild planning, to decommissioning. Our marine specialists are recognized as an international authority in the maritime shipping community, contributing to maritime safety for more than 150 years.
Assessing the Condition of Your Shipping Assets—We can assist you with assessing the quality and suitability of a vessel for charter and maintaining efficient operation of aging vessels through our Condition Assessment Program.
Improving Efficiency and Performance for Global Fleets
We combine a detailed understanding of marine technical operations with engineering and naval architecture to help ship owners and operators achieve quality performance within reasonable schedule and cost parameters. Our global team leverages technology and years of experience to help clients maximize their return on investment.
Our marine services include feasibility studies, independent engineering review and analysis, construction monitoring, regulatory compliance guidance and third-party inspections.
Project Management and Marine Assessments
We assist owners with compliance matters in newbuild projects by providing guidance during the concept and design development phase, engineering services and plan review as well as technical services. Our experienced appraisers are accredited members of the American Society of Appraisers and are supported by a team of marine engineers, naval architects, professional marine surveyors and industry technical specialists.
For vessels being designed, our project managers use advanced technology, analysis and modeling to perform an independent review. Taking into account both construction and operational factors, we identify areas for improvement, define technical specifications, draft project requirements and provide guidance on preliminary budget estimates. Our engineers and project managers also advise clients throughout the shipbuilding process and oversee construction to help keep the project on schedule and within budget and technical specifications. We also verify design specifications, drawings and calculations against project requirements and regulatory standards.
Safety, Risk and Compliance
ABS Group's Safety, Risk and Compliance services help you manage diverse risks to minimize interruptions to your operations. Our practical engineering, technology and risk-based solutions follow applicable International Safety Management Code requirements and guidelines to help you comply with industry standards and regulations.
Supporting Environmental Compliance—Our years of experience working with regulatory bodies and understanding their policies and procedures enable us to assist vessel owners with meeting the latest industry requirements.
We help marine clients manage risk through prevention and mitigation strategies using tools such as HAZID and HAZOP, as well as fleet and safety assessments, to identify potential issues, develop risk scenarios and analyze consequences. When an incident does occur, we apply industry best practices and advanced technologies to investigate the incident and develop answers to limit the root causes and prevent similar events.
During vessel operations, we also offer services aimed at minimizing business interruption, mitigating adverse environmental impacts and reducing the vessel owner's carbon footprint. Audits and manual preparation help clients achieve regulatory compliance.
By understanding the actual condition of your asset, sound management decisions can be made, driving reliability, efficiency and profitability. Whether for a newbuild vessel or existing asset, our Marine Condition Assessment Program (CAP) services can provide valuable condition details. As part of our report, we prepare an executive summary with an extensive photographic record and relevant vessel drawings.
Condition Assessment Program
We assist the global maritime industry in maintaining the efficient operation of vessels of varying ages through a condition assessment. CAP is the recognized method for an asset owner to demonstrate the quality and suitability of a vessel for charter. The program provides a charterer with a technical evaluation that determines whether or not an older vessel has been maintained to a standard that should minimize the possibility of a casualty, oil spill, mechanical failure or General Average Claim.
The program includes a detailed survey of the structure's gauging as well as extensive testing of the vessel's machinery, equipment and cargo systems. This information combined with a strength and fatigue engineering analysis leads to a numeric rating being assigned to the vessel.
Read more about our Condition Assessment Program. If you are a member of our program, view your reports and certificates using the portal below.
Our team provides a ship owner with tailored project management services that may promote efficiencies and help minimize the risk of unexpected delays, technical inaccuracies and cost overruns. These services can be made available for newbuild projects, for major modifications and repairs or to evaluate potential projects as to their feasibility.
- Owner's representation
- Project management services
- Guarantee period support
- Hull and machinery engineering review
- Supervision of installation, commissioning and repair
Condition Surveys and Fair Market Value
Owners must protect the value of their marine assets. For clients selling or purchasing marine assets, shipboard surveys provide valuable information as to a vessel's condition and fair market value. Often performed on short notice, a shipboard survey is crucial to evaluate the condition of the ship and its associated machinery. Since offers are often valid for a short period only, the information is critical when determining a counteroffer to the asking price.
ABS Group's appraisers are members of the American Society of Appraisers and proficient in the application of the Uniform Standards of Professional Appraisal Practice as promoted by The Appraisal Foundation. Our appraisers are supported by a team of marine experts, naval architects, professional marine surveyors and industry technical experts.
Services to assist with determining fair market value, remaining useful life, residual value and replacement cost include:
- General condition survey
- Pre-purchase condition survey
- On-hire and off-hire charterer condition survey
- Protection and indemnity condition survey
- Damage survey
- Inclining experiment
- Worldwide survey coverage on all sizes and types of vessels