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Capital Expense Comparisons
The Seasnake is estimated to be comparable in price to ATB/ITBs in the US and typical ships built overseas.
The newbuild prices below reflect typical ships built overseas at market prices. The year 2004 has witnessed a time when modern tonnage (under 5 years old) is comparable in price to newbuild tonnage with current or future delivery.
Underlying data is from a variety of published sources, namely CW Kellock & Co. and Colton and Company.
US built vessels are so few, that they have been cost adjusted to 2004 dollars using inflation indices from Oregon State University.
Order of charts and regression formulas:
| Tankers | Dry Bulk Carriers | Container Ships | |
| General Comparisons | |||
| Overseas Building Prices | |||
| US Building Prices |
Seasnake Comparisons--US Construction
Seasnake Comparisons--Operating Costs
General Ship Construction Comparisons
Overseas and US Construction
Overseas Newbuilding Data
US Newbuilding Data
Regression Formulas
Overseas Tankers:
Price (M$) = 0.0609 • DWT ^ (0.5791)
$/DWT = 60860 • DWT ^
(-0.4209)
Overseas Bulker Carriers:
Price (M$) = 0.0265• DWT ^ (0.6412)
$/DWT = 26455 • DWT ^ (-0.35288)
Overseas Containerships:
Price (M$) = 0.0513 • TEU ^ (0.8357)
$/TEU = 51304 • TEU ^ (-0.1634)
US Tankers:
Price (M$) = 0.026 • DWT ^ (0.7298)
$/DWT = 25962 • DWT (-0.2702)
US Dry Bulk Carriers:
Price (M$) = 0.0665 • DWT ^ (0.6644)
$/DWT = 66537 • DWT ^ (-0.3356)
US Containerships:
Price (M$) = 0.0724 • TEU ^ (1.0291)
$/TEU = 72383 • TEU ^(0.0291)
Note: The Price
for formula is reasonabally useful, whereas the price/TEU value should
not be used.
Copyright 2004 by Seasnake LLC