MTS Journal

News from ASA’s Machinery and Technical Specialties Committee.

Important information and updates from MTS Discipline Governors.

Interview with Norm Laskay, ASA about ASA's Marine Survey course and an exciting opportunity onboard the Queen Mary in Long Beach, CA.

Maritime asset appraisal is a challenging balance of art and science. A marine appraiser does not have a database of comparable sales, but must have a deep understanding of the combination of terminology and market forces that comprise the marine market.

Important insights into the International Shipping Industry.

When an aircraft sustains any form of damage, its effect on the asset’s value must be considered. Once repaired, a stigma associated with the event may lead to value dimi- nution that follows the aircraft going forward.

One of the key elements in accurately forecasting residual values is having a thorough understanding of the current market demand for similar or like equipment.

This article describes the beginning of Taqeem's journey in organizing the valuation profession in Saudi Arabia.

In 2018 a new definition for “Diminution in Value as it applies to damaged aircraft” was approved by ASA. The new definition also classifies diminution depreciation as a form of “economic obsolescence.” This article will explains why.

Important insights into how and why biases are rooted into our subconscious and examples of such.