SPAR Upgrades Cost Estimating Models

Wednesday, July 15, 2009

SPAR’s cost estimating models have recently been upgraded in an effort to provide complete life cycle cost estimates. Mono-hull, trimaran and catamaran hull forms all have separate cost models. Other models focus on specific ship types, including tankers and product carriers, Ro-Con-PAX ships, research vessels and barges. Military ship cost models include patrol boats, cutters, frigates, and amphibious ships.

The cost models are parametric and offer a wide range of options: dimensional; cargo carrying capacity; propulsion systems; crew and passenger size; structural materials, systems and equipment.  Details of the estimate are generated at approximately the 3-digit SWBS level.  The cost models also produce cost risk based upon estimates of expected engineering and shipbuilder’s capabilities and expertise as well as estimates of relative design complexities and expected build strategies. 

For life cycle costs, annual estimates are generated for capital financing and return on equity; maintenance; salvage/resale; insurance; administration; supplies and crew. Fuel, port and drayage costs complete the operational cost estimates where average voyage scenarios (speeds and distances) are defined by the estimator.  The cost models develop Required Freight Rates (“RFR”) on the basis of unit (trailer, TEU, barrels, etc.) voyage cost, tonnage, and/or equivalent statute land miles.  The models allow sensitivity cost studies such as tracking RFR versus fuel costs and many other design, construction and operational parameters. 

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

New Products

Wärtsilä Steerable Thruster Gets Class Approval

DNV-GL approved the design of the Wärtsilä WST-14 thruster, significant as approval was granted based on a thruster design that has yet to be introduced into full series production.

Kalmar 5th Generation Gloria Reachstackers Enter US

Kalmar, part of Cargotec, is launching its highly acclaimed range of reachstackers, called Gloria into the Americas. The eagerly awaited launch follows the successful

John Deere Expands Tier 3 Engine Line

John Deere Power Systems (JDPS) has introduced new propulsion ratings to its EPAMarine Tier 3 engine offerings. The new PowerTech 4045TFM85 propulsion ratings expand

Finance

WFW Advises ING Bank on $340m Loan Facility for Euronav

Watson, Farley & Williams (WFW) has advised ING Bank N.V. (ING) as sole bookrunner and facility agent for a syndicate of banks on a $340 million loan facility made available to Euronav NV.

Clean Marine Wins New Contract

Clean Marine has been selected by Hyundai Mipo Dockyard in South Korea to supply exhaust gas cleaning systems (EGCS) for two new MR tankers. IMO’s convention

Moore Stephens Expects Vessel Operating Cost to Rise

Vessel operating costs are expected to rise by almost three per cent in both 2014 and 2015, according to a new survey by international accountant and shipping consultant Moore Stephens.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Pipelines Pod Propulsion Salvage Ship Electronics Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1644 sec (6 req/sec)