Even if you are not wealthy, you can become a cruise ship owner

Ownership of the aircraft and houseboats is different, part of the owner of the cruise ship can use the ship at the same time. There is plenty of room for you and other owners to live on board any time you want, or all the time. You can use it as a full-time residence, other co-owners can also.

The first obvious benefit of shared ownership is the acquisition cost. There are many cruises on the market in all price ranges, sizes, ages and conditions. There are many smaller and older cruise ships available with less than a million dollars. At the low end, some smaller cruise ships can acquire about $ 250,000 in fair terms. At the highest end, the largest new large cruise ships now cost about $ 500 million to build.

Doing Maths. If 100 buyer pool resources are used to exchange a certain percentage of ship ownership, the acquisition cost is divided by the same amount. One percent of a cruise ship worth $ 250,000 will only cost $ 2,500 for ship purchases. At the other end of the scale, ownership of a brand new large cruise ship will cost one millionth of a million dollars.

There are a number of other numbers that must be included in the total cost of ownership. Procurement costs are paramount. The next figure is the cost of putting the vessel into service. In older ships, this cost may be higher than the acquisition cost. On the other hand, if you have a good ship on a ship already complying with international standards for ship safety, especially SOLAS, the cost of putting the vessel into service can be much lower. Maintaining compliance with SOLAS 74, Chapter 2 Amendments is costly for some older vessels, which are often scrapped rather than refurbished at a high cost. January 10, 2010, SOLAS implementation date is very important. On this date, all commercial international ships must comply with the new fire safety regulations. The most important new legislation relates to the use of combustible materials in ships. Replacement of all combustible materials in a ship with a noncombustible or conforming SOLAS-compliant material meeting the new safety standards would be costly. This will result in many ships being sold as scrap metal

The upcoming SOLAS 2010 implementation date presents a danger and an opportunity. The greatest danger is the possibility that the cost of the ship's full compliance with international standards will be greater than the value of the ship. However, in this cloud there is a silver lining. This pending SOLAS implementation date has begun to appear as the main factor in the market price and selling price of the ship.

SOLAS 2010 is also for those who may prefer to have very large houseboats, not merchant ships. Ships that do not meet the SOLAS 2010 standard now sell a song (cheap). Cruises can be easily converted into large yachts with pen strokes. Private yachts, not commercial services, do not carry passengers or goods to rent, can be exempted from SOLAS many requirements. Private yachts also have lower operating costs. The cost of registration, marking and insurance of private yachts is low. Megayachts can be marked and classified as infinite services. This means that a giant yacht can go almost anywhere you want to go. There is one major drawback to registering a cruise ship as a private yacht. You can not use the yacht commercially.

There are many regular cruises sold at a price of less than $ 1 million which will be a good private yacht. For example, taking VERGINA SKY & # 39; s the boat I checked personally, so I can talk about it firsthand. The asking price is $ 750,000. Detailed information:

Current name: Vergina Sky

Shipping details: Construction: 1971 in Japan – Complete reconstruction 1992 in Greece

Dimensions: LOA 97.8mx LBP 82m x Beam 14.6 Mx draft 4.49m Dwt: 500 on 4,49 GT / NT: 4,668 / 1,717

Description: Plunger 2 × 8400bhp, twin screw, bow thruster, 3 × 500kw generator, 2 salon, restaurant, 3 bars, casino, duty free shop, disco, swimming pool, 120 guest cabin with 318 guests. Lying in Greece

My opinion after inspection boat

This is a carefully crafted small "pocket cruiser". Over the length of more than 320, it is a small cruise ship. Many experienced cruise passengers prefer smaller, more intimate cruises for various reasons. The ship can go to large cruise can not reach the place, such as shallow draft port, and even many rivers. It has a full bow head thruster that can open a dime (of course relative). I carefully checked the ship from the engine log to the ultrasonic hull report. This is a sound and safe small cruise ship. It is also a very energy efficient and economical boat. The first time I was in this ship was in the summer in Greece, when it was very hot outside. The boat is fully air conditioned and it is calm and comfortable in the boat. I checked the engine room to see how many generators were running. I am pleased to report that all of the electrical and air conditioning requirements can be met by running one of the three large generators. These generators are very economical in terms of fuel consumption and maintenance

I am able to negotiate with the owner John Cosma and get some concessions. I got the price down to $ 500,000. At this price, he agreed to make the boat comply with SOLAS 2005 and includes a new paint top layer. The ship was quite well equipped, even with bedding, but the boat had been laid for years. Its most recent services are in the Mediterranean and the Black Sea. Cruise ships trading only in the Mediterranean and the Black Sea usually have smaller cabins and fewer facilities than the typical cruise ships in the Caribbean. The bottom line is that the ship is an economic model, not a luxury model. When I checked the engine room, I asked the engine log. When I opened it, I noticed that all the entries were in Greek. I was able to identify some dates and other data that told me when the ship was last used but I could not read the Greek entry so I put the engine log back to the shipowner and told him "This is all Greek to me." As a Greek, Mr. Cosmas did not find humor.

Let's take a look at the numbers on this ship. 100% of the acquisition cost will be $ 500,000. 1% Therefore = $ 5000. 100 buyers can each own 1%. There are 120 cabins, so each co-owner can have a private cabin, leaving 20 cabins. However, these cabins are a bit small. Each room has a bathtub and shower, but the size is too small to fit most people, especially if the owner intends to work full time. In a boat of this size, I recommend not more than 60 co-owners, so each can have two cabins and will have the option to convert these two cabins into a two-room suite. To keep the figures simple, let's say the ship has 50 buyers, each buying 2% of the ship. The cost of buying per owner would be $ 10,000. If there are only 10 buyers, then the purchase cost per buyer will be $ 50,000. $ 50,000 will not buy a lot of land on the house, but in this ship, it will buy a vessel like Vergina Sky 10%, and can be converted into a considerable house 12 cabin

The size of the co-owner can buy 1% of the economical cruise ship for about $ 5,000. However, all co-owners do not have to have an equal share in the ship. Ownership can easily be divided into 1% increments. If a buyer wants 5%, his acquisition cost will be $ 25,000. He will be entitled to 5% of the cabin, and the ship's operations and management, such as travel planning has five votes.

Before becoming a co-owner, you must find other people who have similar goals. I recommend writing a preliminary DCCR (DECLARATION OF

Contracts, Conditions and Restrictions). You can do this even before you buy a boat. Write your version of how you envision a cruise ship's shared ownership, as it should be.

Step 1: Determine whether you and your family have the desire and financial capacity, if you and your family have hope and financial ability, you can find some agree with your goals and your DCCR

Step Two: Find Consent to Other Ship Ownership Concepts

Step Three: Buy a ship.

Step 4: Buy a Ship

Step 5: Put the Ship Into Use

Even if you are not rich, you can afford to buy a common Has a cruise ship. But then there is a logical question: Why do you want to live on a cruise ship? Who fits?

If you retire or earn a steady income from a reliable source, you may be a cruise co-owner living on a cruise ship. If you work in an area where you can work online at home, then you may also be burdened with becoming a co-owner of a cruise ship. Most modern ships have satellite internet service 24-7

Operating cruises is expensive. The costs include fuel, labor, maintenance, repair, spare parts, food, port charges, insurance, technical management, shore management, registration and other operating costs. At first glance, these costs seem expensive, but in reality, the cost of living at sea is actually a bargain, taking into account what you get based on what you pay for. The best value is not always translated into the cheapest price. If the ship is well managed, the management will seek the best quality goods, services and labor to achieve the best global value. If the owner is not satisfied with the technology or shore management, they will replace them.

If a ship has many other co-owners to split the ship's operating expenses, then a middle-income level such as a retirement check. I have specific operational cost figures, but I will not drill your data. The bottom line is that a middle class average person can afford a small portion of a cruise ship, and if they choose to be able to live on a cruise ship all day, it will not be too expensive.

For comparison purposes, it is worth noting that you also have the cost of land for housing. These costs include property taxes, homeowner insurance, maintenance and repairs, patio care and utilities. In addition, you have transportation costs, of course, food costs. Most people also spend money on entertainment. When these costs are added, the cost of maintenance on board is comparable.

In fact, due to the residence on board and save some expenses. The ship's executive chef buys food and kitchen supplies in bulk for the ship, and can get a better price than the average shopper. Other savings come from the large freezers and the mobility of ships, allowing foodservice authorities to store goods in low-cost countries. Some crew and boat owners may choose fishing for leisure. This can provide owners with a lower cost of some fresh food. Labor savings are achieved when hiring crew members on the basis of the best global workforce. Supply and demand laws in some parts of the world drive prices down. Proper ship management can take advantage of these differences. All the savings will be passed on to the owner of the cottage, resulting in an economic cost of living similar to what you can expect to spend on a traditional home. Ship management should have accounting transparency, and all books (financial records) are open and available for inspection by any owner. In addition, ship management should submit all financial records to the External Auditor on a quarterly basis to ensure the owners' peace of mind. Any person operating any funds on any ship in the chain shall also be audited on a regular basis. For example, a good way to audit an executive chef is to have one or more co-owners on board a ship to each port of the food market area and they should strive to get and get the same food at a better price than the executive chef can get. If the executive chef can not find a better deal than the ship's co-owner, then the executive chef should get his walking papers. Executive Chef's location is an important location for cruises. This is a place of trust because he will buy food from him. He must not attempt to accept bribes from suppliers or suppliers. Therefore, he should be aware that he will be periodically audited and any unqualified performance will result in the termination of his work

The greatest value of all shipboard cruises is labor costs. Better cruise ships are often labor-intensive, providing passengers with endless attention and extravagant connivance. All cruise ship hotel staff provide basic services, including food preparation and services, laundry, cabin steward, entertainment, casino operation, beauty shop operation, which is an area I do not like shrimp because these very good value due to international labor Of the low cost. I like to go beyond the level of most cruises in the spa area. Land-based luxury and specialty resort spas are very expensive, but can offer the same level of service, professionalism, skills and treatment on cruise ships at very low cost. Labor is the key and major cause of most of the cost of the spa. Labor is a great value for cruise ships, as cruise ship managers can choose workers from the global market and are easy to get the best value.

Hot Springs

Spa treatments are tailored for each client. The Spa offers the following services:

Relaxing Massage Therapy, Skin & Body Therapy, From European and Oriental Principles, Expert Hair and Nail Services, and a Complete Treatment Therapy Menu Start with Deep Cleansing Facial , As well as a series of detoxification and contour packs, lypo reduced packaging, as well as marine mud and herbal packaging. Massage Therapies include: Swedish Massage, Shiatsu Massage, Deep Tissue Therapy, Maternity Massage, Foot Reflexology (Foot Massage), French Massage

Therapeutic Therapies include various massage, reflexology, facials, other body Care. Plus a wide variety of services and health programs designed to meet individual needs and desires. A full-service salon offers a wide variety of hair treatments (including certified make-up artists) as well as a variety of manicures, pedicures and "cosmetic" for your hands. A wide range of skin treatments include: age management therapy, including, alcohol face, anti-aging facial skin, Microdermabrasion; facial care including: facial beauty, youth facial, gentleman face, nourishing facial, acne facial conditioning, vitamin "C" body care, including

In addition, hot springs can also be used to promote the treatment of the skin.

In addition, the hot springs can also promote the use of the hot water, Weight loss programs, and even management of physical therapy.

Labor costs – international competition provides the greatest value for shipowners

On paper, it seems to make a good sense of the ship with the crew of the Philippines. I love the Philippines. I've been there a couple of times. English is still widely used and is usually well spoken. People are usually friendly and happy to see foreign tourists. The majority of the world's vessels are under the responsibility of Philippine seafarers. The Philippine government has a very good structure and system to promote the export of Philippine labor. Although it seems attractive on paper, I suggest not to hire Filipino seafarers. Filipino workers often envy others, especially the wages of others. They tend to think they are getting the original deal over. Seldom find a Filipino who is satisfied with his work. Although I believe that the Philippines has a lot of good staff, but more people are not satisfied with their work. In the Philippines it seems that there are cultural anomalies, and people think that employers are bad guys.

My advice (worth it)

I know something about what I'm writing here. I was the former President of the Adventure Spa Cruise. My advice is not just an unwitting roar. Now back to the present, the second best member of a ship is India. I highly recommend Indian medical staff and staff throughout the hotel, including the spa and other locations besides decks and works. India's labor costs are very attractive. I also recommend the use of India's human resources management. It is best that shipowners do not have to deal with each employee's issues or concerns. The manning agency removed the pressure from the management of the ship, and their service was very reasonable. Indian employees tend to make better employees than Filipinos. Indians also speak English, though not as Filipinos. I know Americans tend to get all the work when someone uses an extensive brush to paint the entire race. I like Filipino people, but as employees, they tend to be more problematic than Indian employees. I realized that it was not politically correct that these days might put me in jail. I usually do not have to worry about political correctness. I call it my way, I let the card fall somewhere they might and hope I can leave the prison to say what I think

All deck and engineering positions should be filled with all the Ukrainian crew. The ship will realize the greatest value with Ukrainian deck and engineering staff. Ukraine has a long history and tradition of the sea. Ukrainian maritime training and standards are the best in the world. The Ukrainian deck and the engineering staff are as good or better than any other, but their labor cost is a very good value.

Put cruise ships into use

Acquisition of ships requires additional investment in the capacity of the ship's personnel, including the STCW (Seafarers' Training, Certification and Watchkeeping Standards) Put into use. At this point, the co-owner will need to agree on a number of points. The cost of using a cruise ship as a large yacht (a very large private yacht) is far below the cost of putting a vessel into commercial service. However, if you can afford a ship that can easily meet the requirements of SOLAS 2010 and can be marked and registered as a commercial ship, then you can use a commercial ship to generate revenue and ROI

Commercial cruises have many marketing options. If the owner uses no more than half of the cabins, then sufficient means will be left to generate sufficient revenue to cover at least the operating costs and possibly to generate profits above the operating costs. I'll give you an overview of some of the options available for marketing cruises.

1. Conventional cruises. Here's a trade-off. You can generate revenue by providing regular cruises. This will require the ship to have a suitable itinerary for the commercial cruise market.

2. Freight and cargo. Some cruise ships have sufficient cargo capacity to generate some revenue through booking freight.

3. Assisted life. Cruises are ideal for assisted living, including crew and facilities. The average living cost in the United States is higher than the average cost of cruising at the same time.

4. era. This is an option that does not apply to regular cruise operators, but it is convenient if your co-owner agrees with this type of marketing to fill a compartment that is not used by the common user. I will not figure in here, but times are often high-margin sales. There is a good chance that the remaining compartments can easily produce more than the total combined investment of all joint owners if the joint owner uses not more than half of the cabin for their own personal use.

It will be easy to meet SOLAS 2010 tend to spend more money to buy the front, cost more to serve. So I'll give you a few examples.

Oriental Venus is one of my favorite high-end vessels. NKTCEAN GOING

GRT

Established in July 1990 at IHITOKYO

Japanese flag

Double thread CPP

DWT: 4,863 tons

SPEED: SERVICE ABT21.0 KNOTS / ABT 56.70MT / D

TANKS CAPA: IFO 1,500.4 M3 / MDO 87.30M3

Generator: 1,600KWxAC450Vx60HZx 3 groups

ABA WOG

Engine room systems

ABA WOG

Passengers:

OWNERS PRICE USD 22 MIL net here

My personal assessment of Oriental Venus [ItisalatemodelandbeautifulboatIthasmanyverydesirablepropertiesforresidentialboatsItisahigh-endluxurycruiseshipwithaveryhightonnagepassengerratioThisisveryimportantforresidentialshipsForresidentialshipsmorelivingroomsandmorepassengerspacearemoreimportantforconventionalcruiseshipsWhenpassengersareonlyonboardforashortperiodoftimetheycantolerateanarrowlivingareabutwhentheyareonboardallyearroundextraspaceisveryvaluableTheownerhasbeentryingtoselltheshipfor$22millionThismaylooklikeahighpricebutwhenyoudividebythenumberofcabins(195)theaskingpriceforeachcabinis$102564ThispriceisinlinewiththeapartmentyouexpecttopayThelastthingIgotfromtheshipownerswasthattheyweresellingshipsat$18000000($92307percabin)Cottagesare"outside"hutsgreatTheshipcanaccommodate606passengersand120crewatotalof726people

several ship brokers listed the ship. I do not usually talk to ship brokers. I like to talk directly with shipowners. I contacted the owner of Oriental Venus.

Another example of a high-end ship can be a commercial cruise ship, plus a good boat,

GRT: 22,945

[19459002

Outside: 346

The total number of cabins: 538

The total number of bilges + berths: 1280

Inside the hut: 192

Hut size: M: 11-18.

Main Engine: 4 Wartsila Sulzer – 18,000 HP.

My Fair Lady Lounges are about 500 people

[1945900002]

8 passenger decks

Extensive outdoor areas

The ship was renovated / refurbished during the year.

The price of the ship is $ 31 million. The inquiry price is divided by the number of compartments, and the average cost per compartment is $ 57,620. Of course, some cabins are better than others, so the co-owner must agree to share the use agreed to purchase

I have some bad news for the owner and some good news for you.

Fuel

Marine fuels are cheaper than automotive fuels for several reasons. Of course, the ship fuel has no road tax and is also a different fuel. The main engine of the ship usually runs on IFO 180 or IFO 380. Generator engines tend to be more elaborate and usually require diesel (MDO), which is still cheaper than automotive diesel. IFO 180 and 380 are much less expensive than MDOs, typically about half the price. The ship consumes a lot of fuel. Therefore, fuel cost is a major concern. I have some suggestions. If I am the co-owner of a ship, I am willing to invest a little more on board to improve fuel efficiency and thereby reduce operating costs. There are many things you can do to improve fuel efficiency. I will start from the hull resistance. There is a new silicone-based coating from International Paints that, when applied to the hull, is sufficient to reduce drag in the water, resulting in a 3 to 5 percent reduction in fuel consumption. Similar coatings for propellers have also been shown to improve fuel efficiency.

In addition to hull and road coatings, there is a more promising way to achieve dramatic fuel savings.

There is a company called Kiteship, which develops and produces kites for rowing. These sailing kites do not require a mast. The kites fly above the vessel, connected by cables and controlled from the vessel. Kiteship's Dave Culp has done a technical feasibility study on installing a very large kite on a conventional cruise ship. This will greatly reduce fuel consumption. It will turn the fuel nozzle into a "green machine". This is equivalent to a power boat converted into a sailboat. The design of cruise ships limits the amount of traffic that can be safely accommodated by conventional ships. Cruise ships lack the ballast of a sailing ship. If used in addition to the main engine, kites will improve fuel efficiency. If the kite is used to pull the ship, the main engine is shut down, the speed of the ship will be greatly reduced. In this case, however, not only the vessel saves IFO (main engine fuel) but also saves MDO (engine engine fuel). If the kite does not pull the boat with the engine of the boat, the propeller may be used to propel the ship & apos; s generator without igniting the diesel generator engine. Even if the boat travels very slowly in water, if released from the main engine, the propeller will rotate in reverse. This is a very simple and easy task for marine engineers to complete. In other words, the boat can be pulled by the kite and this motion will propel the propeller of the boat to provide power to generate electricity and to power the air conditioning without using any fuel. This compromise is a loss of speed and requires some bonding to further reduce the actual speed. What is a rush? Why not go for maximum fuel savings? One outstanding point is that the flying kite can pull a cruise ship. If I am a co-owner of a cruise ship, I would like to find a favorite co-owner who is willing to use this advanced technology to save fuel.

There are hundreds of cruises on the market, but I will only mention one here. This cruise ship has RO / RO (rolling, rolling) capacity. This will be very convenient for owners of on-site ships who want to bring their "toys". The garage deck can accommodate 6 to 8 trucks, or 60 to 80 cars.

Specification:

650 Captain Cruise

Captain Size 137.10 X Width 21.00 X 5.8m

Construction 1981 / Poland

1991

Reconstruction – – REFURBISHED 2002

CLASS RS ICE CLASS L2

GRT 12637

Hosts SULZER

All cabin and private facilities (including suites and semi-suites) BONTHRUSTER 800 BHP

STABILIZERS

120 TONS

Speed ​​About 17.5 / 15 About 45/36 M / TONS +

RESTAURANT (420 SEATS)

NEPA DUTY FREE SHOPS

TV /

TWO SAUNAS

CLASSIC

TWO SWIMMING POOLS

LAUNDRY SPA & HEALTH CLUB

LAUNDRY SPA & HEALTH CLUB

ONE PASSENGER ELEVATOR

Cost per cabin based on asking price, $ 71,739. This ship will sell for less than asking price. It is already SOLAS 2010 compliant. It would cost very little to put into commercial service.

Conclusion

Becoming a co-owner of a cruise ship is not a far fetched idea. It is practical and feasible if you are able to find like minded people who would be willing to share the expenses.

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