Hesty A Kurniawati, Hesty A
Department of Naval Architecture, Faculty Of Marine Technology, Sepuluh November Institute of Technology

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LONG-TERM FSO/FPSO CHARTER RATE ESTIMATION Kurniawati, Hesty A; Aryawan, Wasis D; Baidowi, Achmad
Kapal: Jurnal Ilmu Pengetahuan dan Teknologi Kelautan Vol 13, No 1 (2016): Februari
Publisher : Department of Naval Architecture - Diponegoro University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (457.385 KB) | DOI: 10.14710/kpl.v13i1.10105

Abstract

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