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A Simple Model for Estimating Newbuilding Costs


  • Robert F Mulligan

    () (Department of Accountancy, Finance, Information Systems & Economics, College of Business, Western Carolina University, Cullowhee, NC, USA.)


This paper presents a simple model for estimating newbuilding costs. Regression equations are estimated on a large data set of recent 2003–2007 shipyard deliveries reported in Lloyd's Shipping Economist. The equations developed in this paper can be used in a wide variety of economic analyses involving new ship construction and operating costs. The models presented here capture the most modern design and construction techniques, and most up-to-date cost information, compared to those previously described in the literature. Maritime Economics & Logistics (2008) 10, 310–321. doi:10.1057/mel.2008.8

Suggested Citation

  • Robert F Mulligan, 2008. "A Simple Model for Estimating Newbuilding Costs," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 10(3), pages 310-321, September.
  • Handle: RePEc:pal:marecl:v:10:y:2008:i:3:p:310-321

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    Cited by:

    1. Dedes, Eleftherios K. & Hudson, Dominic A. & Turnock, Stephen R., 2012. "Assessing the potential of hybrid energy technology to reduce exhaust emissions from global shipping," Energy Policy, Elsevier, vol. 40(C), pages 204-218.
    2. Stephen, James D. & Mabee, Warren E. & Saddler, Jack N., 2013. "Lignocellulosic ethanol production from woody biomass: The impact of facility siting on competitiveness," Energy Policy, Elsevier, vol. 59(C), pages 329-340.
    3. Babarit, A. & Hals, J. & Muliawan, M.J. & Kurniawan, A. & Moan, T. & Krokstad, J., 2012. "Numerical benchmarking study of a selection of wave energy converters," Renewable Energy, Elsevier, vol. 41(C), pages 44-63.

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