CONVERTING TO THE MARKET

In shipping today, a vessel must match the market in which it serves if true-value returns are to be realized. The ways to achieve this match are with new tonnage designed for the specific trade, suitable second-hand tonnage, or conversion of existing tonnage. This paper focuses on the advantages of selecting conversion as the way to adapt. Some of the reasons advanced are: that conversion takes far less time than newbuilding and is less costly; that the operator's crew is already familiar with the vessel; that conversion usually involves equipment modernization and so extends vessel life; that insurance can be cheaper than for an equivalent new vessel; and that conversions are of particular benefit for developing countries, where available financing is generally limited. Several interesting conversions that illustrate the author's points are briefly described.

  • Supplemental Notes:
    • Conference paper
  • Authors:
    • Taylor, K J
  • Conference:
    • Ro-Ro '90
    • Location: Trieste, Italy
    • Date: 1990-5-15 to 1990-5-17
  • Publication Date: 0

Media Info

  • Pagination: 6p.

Subject/Index Terms

Filing Info

  • Accession Number: 00661819
  • Record Type: Publication
  • Source Agency: Maritime Technical Information Facility
  • Files: TRIS
  • Created Date: Jul 21 1994 12:00AM