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Q: value of 203' dry cargo ship ( Answered 4 out of 5 stars,   1 Comment )
Question  
Subject: value of 203' dry cargo ship
Category: Business and Money
Asked by: dood-ga
List Price: $25.00
Posted: 22 May 2003 09:46 PDT
Expires: 21 Jun 2003 09:46 PDT
Question ID: 207323
I've found a customs offer on a 203' cargo ship named the Ocean
Breeze, built in 1965 by the oldest family owned shipbuilder in the
world, J.J. Sietas Schiffswerft.  It has a 6 cylinder diesel engine @
380 RPM.  My question is: What is the approximate price for me to bid?
Answer  
Subject: Re: value of 203' dry cargo ship
Answered By: pafalafa-ga on 22 May 2003 12:34 PDT
Rated:4 out of 5 stars
 
Hello Dood-ga,

No one can give you a definitive answer, of course.  Everything
depends on the condition of the ship, the details of delivery,
operational costs, and so on.

However, there is a site that can provide you some credible guidance
on the types of prices involved in marketing cargo ships.

At the following site:

www.shipwanted.com

they have about 100 cargo ships listed for sale, from prices ranging
from a few thousand dollars, to over a million dollars.

The ships for sale can be seen here:

http://www.shipwanted.com/shipsaleadsgrid.cfm

and you can select "Cargo" from the "Filter" list (at the top of the
page) to see the for-sale records of all the cargo ships.

You can sort the list by clicking on the column headings -- such as
sorting them by price, weight, date built, etc.

Ship length is not one of the sortable headers, but ships in the range
of about 1,000 DWT are generally 60-80 meters (about 180 to 240 feet)
in length...this seems the class most relevant to your interests.

Ships in this weight category are priced in the range of $130,000 to
$429,000, which should give you a starting range for thinking through
the appropriate value of the ship you are interested in.

By exploring the other offerings at this site, I think you will find a
good deal of valuable information that will add to your perspective. 
But I would re-iterate the point that neilzero made below...unless you
can get detailed information on the ship, and are absolutely
comfortable that you understand what you are buying into, I would
suggest keeping your bid very low, or perhaps walking away all
together.

I hope this is the information you needed.  If anything is unclear, or
needs additional explanation, don't hesitate to post a Request for
Clarification, and I'll be glad to assist you further.
dood-ga rated this answer:4 out of 5 stars
There was not enough information for a great answer, but the one I got
is about as good as I could expect.  Thanks to pafalafa-ga and Neil
for their contributions.

Comments  
Subject: Re: value of 203' dry cargo ship
From: neilzero-ga on 22 May 2003 10:41 PDT
 
I would not bid more than a few thousand dollars, unless you can
examine the craft in detail to determine probable cost to put it back
in service and keep it funtional for the next ten years. In excellent
condition with lots of extras, it may be a bargan at one million
dollars.  Neil

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