Would you cross the Atlantic by ship?

Friday, 28 May 2010

Initial Cost Estimates

The following cost estimates are based on typical values and follow a standard method for assessing the financial viablility of a project at the concept stage. They suggest that such a vessel could operate at a small profit. It is hoped that through intelligent hull design, the ship's resistance and therefore fuel usage and cost can be reduced.

All costs are shown in £ sterling (GBP)

BUILD COST 102,580,339

ANNUAL CAPITAL COST
Annual repayments (uniform) 10,873,516

ANNUAL COSTS

Fuel Cost 37,634,688
Port and traffic dues 2,675,691
Insurance 1,025,803
Crew costs 9,581,250
Maintenance and stores 6,570,000
Port administration 1,000,000
Marketing and administration 5,000,000
TOTAL ANNUAL COSTS 74,360,948

INCOME
(No. of Berths x Cost per Berth)
Inside 2 berth (218x£300)=65400
Large Inside 2 berth (218x£350)=76300
Inside 4 berth (360x£200)=72000
Outside 2 berth (136x£470)=63920
Outside 4 berth (328x£350)=114800
Balcony 2 berth (240x£800)=192000

Ticket income per voyage 584420
Annual passenger ticket income 60,779,680
Annual Passenger onboard spend 15,600,000
TOTAL ANNUAL INCOME 76,379,680
PROFIT 2,018,732

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