Review article

THE SHIP WITH LOWEST OVERALL OPERATING COSTS

Marijan Vukičević ; University of Zagreb, Faculty of Mechanical Engineering and Naval Architecture
Marija Jazvić-Mioković ; Mechanical Engineering and Naval Architecture, Department of Naval Architecture and Offshore Engineering, Zagreb

Abstract

In any ship design development, tankers included, economic transport principles have to be taken into consideration. It means that a designer has to anticipate the environmental conditions of the ship exploitation. The best tanker design would be chosen in accordance with both technical and economic criteria. In order to be able to perform economic analysis of the design, it is necessary to define technical limitations which will define areas of feasibility. Technical criteria ensure technical feasibility of the design solution, and evaluation is guided by economic criteria. All elements of ship design are closely related to the ship exploitation, which is in turn dependent upon the state of the freight market. Considering a long period of the ship exploitation and instability of the transport market, the ship will surely pass through several cycles. The instability of the transport market will affect the ship income. The criterion of the required freight has been chosen as the economic criterion for the choice of the optimal design because, in that case, the
influence of the freight market instability on the achieved result can be neglected. Features of the applied technical and economic model will be shown on the example of an oil tanker.

Keywords

Hrčak ID:

209377

URI

https://hrcak.srce.hr/209377

Publication date:

19.10.2000.

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