Method for Estimating Price of Second hand Ship with Multi Method

Abstract

Demand fleet as a means of marine transport could be met by building new ships and buying second-hand vessels. The current constraints in building a new ship are the cost relatively expensive and take a long time, while the profit for the procurement of second hand ships time relative faster and cheaper price. This study aimed to identify the price of second hand vessels and to develop a cost estimation model second hand vessels. Collecting data with survey vessel prices do with field surveys and market surveys via the internet on websites selling used shipbroker. Data survey include the price, type of vessel, the main dimension, tonnage, machines, materials and speed. Multi-methods data processing and analysis consisting of market price approach, comparative vessel and physical pricing approach. Estimated price or appraisal vessel obtained from the average value of the three methods.