LONG-TERM FSO/FPSO CHARTER RATE ESTIMATION

Hesty A Kurniawati; Wasis D Aryawan; Achmad Baidowi

doi:10.12777/kpl.13.1.7-12

Kapal (Feb 2016)

LONG-TERM FSO/FPSO CHARTER RATE ESTIMATION

Hesty A Kurniawati,
Wasis D Aryawan,
Achmad Baidowi

Affiliations

Hesty A Kurniawati: Department of Naval Architecture, Faculty Of Marine Technology, Sepuluh November Institute of Technology
Wasis D Aryawan: Department of Naval Architecture, Faculty Of Marine Technology, Sepuluh November Institute of Technology
Achmad Baidowi: Department of Naval Architecture, Faculty Of Marine Technology, Sepuluh November Institute of Technology

DOI: https://doi.org/10.12777/kpl.13.1.7-12
Journal volume & issue: Vol. 13, no. 1
pp. 7 – 12

Abstract

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Most of the charter rate data provided in the market is for the short-term and it is based on freight rate for cargo ships. This paper offers a method to estimate long-term charter rate for special ships such as FSO and other supporting vessels. The method is utilizing engineering economy such as IRR and goal seek facility provided in spreadsheet. The IRR is iterated 2% above the basic saving interest rate to find more attractive charter rate and the sensitivity analysis provides flexibility for the owner in order to anticipate the volatility of economic condition

Published in Kapal

ISSN: 1829-8370 (Print); 2301-9069 (Online)
Publisher: Department of Naval Architecture, Faculty Engineering, Diponegoro University
Country of publisher: Indonesia
LCC subjects: Naval Science
Website: https://ejournal.undip.ac.id/index.php/kapal/index

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