A Simple Model for Estimating Newbuilding Costs

Robert F Mulligan ()
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Robert F Mulligan: Department of Accountancy, Finance, Information Systems & Economics, College of Business, Western Carolina University, Cullowhee, NC, USA.

Maritime Economics & Logistics, 2008, vol. 10, issue 3, 310-321

Abstract: This paper presents a simple model for estimating newbuilding costs. Regression equations are estimated on a large data set of recent 2003–2007 shipyard deliveries reported in Lloyd's Shipping Economist. The equations developed in this paper can be used in a wide variety of economic analyses involving new ship construction and operating costs. The models presented here capture the most modern design and construction techniques, and most up-to-date cost information, compared to those previously described in the literature. Maritime Economics & Logistics (2008) 10, 310–321. doi:10.1057/mel.2008.8

Date: 2008
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