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.
- container ship