Blog

Martin Ottaway has been providing vessel appraisal services to various clients in not only the Maritime Industry but also to Financial Institutions, Investment Groups, Governments, Insurance companies and many others for well over a century.

 

Our in-house vessel appraisal data and resources date back to the late eighteen hundreds with the older data being maintained in journals and hand written ledgers and the newer (1980’s) information in electronic data sheet form.

A typical ship valuation project for Martin Ottaway would be a client requesting the current market value for a maritime asset or asking for the value of a piece of equipment at a date sometime in the past.

 

However in several recent matters we have been asked to use the appraisal resources we maintain to provide statistical data and trends in ship sales over specific time frames.  Not only has this been related to the cost of ships but also to the various vessel characteristics of ships, such as flag, country of construction, classification society and others.

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Rik van Hemmen's picture
Friday, June 2nd, 2017

Brilliant Black

My friend Danny had to take his Black Jack wooden inboard Jersey sea skiff to the Sea Bright NJ Marine Police Barracks to get it titled. David's Diesel Jeep Cherokee lease was almost up and it had not yet towed anything of substance. Furthermore, it was a nice day, which made it unfair for my dog Harris to just sit beneath my desk or mooch biscuits from Marianne.

 

So I decided to put it all together and compose it as a "Study in Brilliant Black".

 

 

Three black things and all brilliant in their own way.

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On May 22, we celebrated National Maritime Day. Every year is filled with days and celebrations ascribed to any number of questionable “holidays” often meant to commemorate or spread awareness. For instance, I could find at least 8 other celebrations on May 22, including National Vanilla Pudding Day and Accounting Day. In light of so many seemingly inconsequential days, what is so special about National Maritime Day?

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Concern over global warming is valid. Global warming almost certainly will result in instabilities that, at best, will be less than convenient, and, at worst, devastating.

 

However, as an engineer, I am frustrated that we tend to confuse causes, effects and solutions of global warming.

 

Causes, effect and solutions are all related and rationally engaging those issues is called problem solving.

 

From an engineering point of view, almost always, and if it can be achieved, a problem can be most effectively solved by removing the cause.

 

And the cause of global warming is simple: We are unnecessarily destabilizing our Earth by releasing way too much CO2 into the atmosphere.

 

It seems to me that everybody is prognosticating as to what the effects of that may be, but no matter what may happen, the solution is always the same.

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With the first few fully certified Ballast Water Treatment systems now on the market, shipowners are slowly drifting into the purchase phase of compliance.

 

In the near future, a mechanical Ballast Water Treatment system will now need to be retrofitted on all large ships and ship’s crew will have a new piece of equipment that will need to be operated, monitored, and maintained.

 

Many equipment suppliers have invested their hearts, souls and hard earned dollars in designing and certifying Ballast Water Treatment Systems and now these systems will see the hard test of real life operation. In the simplest terms, this story played out on Oily Water Separators, and quite possibly there are some lessons to be learned from the OWS implementation history.

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Recently we were contacted by the son of a past client of Martin & Ottaway from the 1960’s and 1970’s.

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Martin & Ottaway has been involved in dozens of capsize investigations. Capsizes are strange events because the cause of a capsize can be difficult to determine.

 

There may be clear incidents of negligence with regard to capsizes, but, in our experience, about half of the world's capsizes strike like lightning on a clear day, and are totally unexpected. Then the analysis and cause determination becomes quite complex and often tracks back far in time.

 

Often there is fingerpointing, but it often loses track of the actual cause of the incident. One such incident that we worked on was the Ethan Allen in 2005 on Lake George.

 

The vessel capsized in mostly normal operating conditions with passengers aboard and loss of life. The analysis indicated that there were a number of factors at work which, together, interlinked to result in the subject incident and there was a red herring.

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Rik van Hemmen's picture
Wednesday, March 8th, 2017

Jim's 75th Birthday Lunch at Juanito's

Everybody was in town and so we got a chance to properly celebrate Jim's 75th birthday.

 

Mariner for over 55 years

Married to Paula over 50 years

Martin and Ottaway for 24 years

Way to go!

 

I was cleaning out a file cabinet, and came across a pile of these sketches. In the world of computer 3D rendering, classic artist renderings have become a thing of the past.

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