23
JUNE 2026
T
he passenger vessel industry operates in a dynamic environment shaped by regulatory 
changes, shifting tourism patterns, fuel costs, environmental mandates, and evolving 
passenger expectations. Accurate valuation of ferries, excursion boats, dinner cruise 
vessels, and larger passenger ships are essential for financing, insurance, sales, acquisitions, 
regulatory compliance, and strategic planning. Professional appraisals adhering to the Uniform 
Standards of Professional Appraisal Practice (USPAP) and guidelines from the American 
Society of Appraisers (ASA) provide the credibility and defensibility required in this sector.

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