Vessel charter rate estimation for offshore wind O&M activities

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Dalgic, Yalcin and Lazakis, Iraklis and Turan, Osman (2013) Vessel charter rate estimation for offshore wind O&M activities. In: International Maritime Association of Mediterranean IMAM 2013, 2013-10-14 - 2013-10-17, A Coruna.

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Abstract

Estimating the cost of vessels is an important factor for the operation & maintenance (O&M) costs of offshore wind farms. Accurate cost estimation is required during operation of the wind farm. This paper presents the development of the O&M charter rate modelling for offshore wind turbine jack-up vessels under different op-erational strategies. The main objectives of this modelling are to explore the differentiation of charter rates as-sociated with the charter periods and with the capabilities of different vessels; as well as to allow offshore wind farm operators to plan their maintenance strategies through considering the share of vessels’ costs in the overall maintenance costs. In this respect, various jack-up vessels in the offshore wind industry are investigat-ed and the most effective charter periods are identified. The seasonal effects on the charter rates are also con-sidered to provide critical insight into the selection of the optimum charter rate scenario.

  • Item type:Conference or Workshop Item(Paper)
    ID code:47039
    Dates:
    Date
    Event
    April 2013
    Published
    Keywords:vessel charter, rate estimation, offshore wind, O&M activities, Naval architecture. Shipbuilding. Marine engineering, Ocean Engineering
    Subjects:UNSPECIFIED
    Department:UNSPECIFIED
    Depositing user: Pure Administrator
    Date deposited:03 Mar 2014 11:30
    Last modified:19 Sep 2018 14:21
    Related URLs:
    URI:https://strathprints.strath.ac.uk/id/eprint/47039
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