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Annie Wiley Cruise Ship February 23rd, 2018 - 12:29:01
This pending SOLAS implementation date has already started to show up as a primary factor in the asking and selling prices of ships on the market today. SOLAS 2010 also offers a tremendous opportunity for those who may prefer to have a very large houseboat instead of a commercial ship. Ships that are not in compliance with SOLAS 2010 are now selling for a song (inexpensively). A cruise ship can easily be converted into a megayacht with the stroke of a pen. Privately owned yachts not in commercial service and not carrying passengers or cargo for hire are exempt from many of the SOLAS requirements. Operating costs are also lower for a private yacht. It cost less to register flag and insure a private yacht. Megayachts can be flagged and classified for unlimited service. That means that a megayacht can go practically anywhere you want it to go. There is one major drawback to registering a cruise ship as a private yacht.
When I opened it I noticed all the entries were in Greek. I was able to discern some dates and other data that told me when the ship was last in service but I could not read the Greek entries so I handed the engine log back to the ship owner and told him \"Its all Greek to me.\" Being Greek Mr. Kosmas failed to find the humor in that. Lets look at the numbers on this ship. 100% of the acquisition cost would have been $500000. 1% thus = $5000. One hundred buyers could own one percent each. There are 120 cabins so each co-owner could have a private cabin with 20 cabins left over. However these cabins are a bit on the small side. Every cabin does have a bath and shower but the size is just too small to be comfortable for most people especially if the owners intend to live onboard full time.
The sudden growth of cruises in a travel industry made cruise lines to make some modern ships which would cater the needs of growing cruise passengers. It has itineraries for beautiful destinations where sailors and engineers design cruise ships which can survive various sea-related factors. Development and History The Titanic is the prime ancestor of the cruise ships present today which has fine eating areas nicely-appointed staterooms and also other amenities which are needed by some passengers who are on-board. During 19th century one Director Albert Ballin of Hamburg-America was the very first man to conduct one regular practice of allowing a transatlantic ship on southern trips on the very worst winter.
Do the math. If one hundred buyers pool resources in exchange for a percentage of ship ownership the acquisition cost will be divided by that same number. One percent ownership of a $250000 cruise ship would cost a mere $2500 for ship acquisition. At the other end of the scale one percent ownership of a brand new mega cruise ship would cost five million dollars. There are some other figures that must be tabulated into the total cost of ownership. Acquisition cost is first and foremost. The next figure is the cost to put the ship in service. On an older ship this cost may be higher than the acquisition cost. On the other hand the cost to put a ship into service can be much lower if you were to get a good deal on a ship that already meets the international standards for ship safety especially SOLAS (Safety of Life at Sea).