SHIPCOST; VESSEL AND VOYAGE COSTING MODEL

SHIPCOST, a computer-based methed for evaluating vessel and voyage costs, is described. The method was first developed in 1984 by the World Bank, and has subsequently been refined. The economics of vessel ownership and operation are examined and examples given of typical fleet voyage and trade costs, including a comparison between the use of newbuildings and secondhand ships. The separate fleet, ship and voyage modules included in the SHIPCOST model are discussed and typical applications given.