1. bookVolume 1 (2018): Issue 1 (October 2018)
Journal Details
License
Format
Journal
First Published
30 Sep 2018
Publication timeframe
1 time per year
Languages
English
access type Open Access

An Estimation of the Final Price of Container Ships Based on Main Ship Parameters with the Use of ndCurveMaster Curve Fitting Software

Published Online: 10 Dec 2018
Page range: 365 - 370
Journal Details
License
Format
Journal
First Published
30 Sep 2018
Publication timeframe
1 time per year
Languages
English
Abstract

The paper presents regression formulas that allow us to estimate the final price of new container ships, based on TEU and deadweight capacity, service speed, length between perpendiculars and gross tonnage of container ships built from 2005 to 2015. The formulas were developed using the author’s own method based on curve fitting techniques and regression methods. The study shows that utilising the author’s method to predict the final price could offer greater accuracy solutions than any standard methods presented in literature. This method was implemented properly with ndCurveMaster curve fitting software which was developed by the author and was applied to develop regression equations presented in the article. The formulas presented in the article have practical application for estimation of container ship final price needed in transport studies or preliminary parametric container ship design. These equations refer to the most up to date vessels and offer the chance to advance ship design theory.

Keywords

Cepowski T. (2016). Projecting sale prices of new container ships built in 2005-2015 based on DWT and TEU capacities. Scientific Journals of the Maritime University of Szczecin, no. 48/2016, pp. 171-175Search in Google Scholar

Celik F., Erturk I, Turan E. (2013) Investigation of main particulars subject to minimum building cost for chemical tankers. OCEAN ENGINEERING, Volume: 73 pp. 32-37.Search in Google Scholar

Buczkowski L. (1974). Podstawy budownictwa okrętowego. Gdańsk: Politechnika GdańskaSearch in Google Scholar

Chądzyński W. (2001). Elementy współczesnej metodyki projektowania obiektów pływających. Prace naukowe Politechniki SzczecińskiejSearch in Google Scholar

Lin C., Shaw H. (2017) Feature-based estimation of preliminary costs in shipbuilding. OCEAN ENGINEERING, Volume: 144, pp. 305-319Search in Google Scholar

Michalski J.P. Parametric method of preliminary prediction of the building costs, Polish Maritime Research, Special Issue, 2004Search in Google Scholar

Papanikolaou A. (2010). Holistic ship design optimization. COMPUTER-AIDED DESIGN Volume: 42 Issue: 11 Special Issue: SI pp. 1028-104410.1016/j.cad.2009.07.002Open DOISearch in Google Scholar

Rawson, K.J. Tupper, E.C. (2001). Basic Ship Theory (5th Edition), ElsevierSearch in Google Scholar

Schneekluth H. and Bertram V. (1998). Ship Design for Efficiency and Economy, Butterworth/HeinemannSearch in Google Scholar

SigmaLab (2017). ndCurveMaster [Computer software] Available from: www.ndcurvemaster.com [Accessed: 4 Jan. 2017]. Szczecin, Poland.Search in Google Scholar

Watson D.G.M. (2002). Practical Ship Design, Gulf Professional PublishingSearch in Google Scholar

Recommended articles from Trend MD

Plan your remote conference with Sciendo