Why Is It Expensive To Own A Ship?
People who want to buy a ship will be out of breath when they look at the price list for the first time. It is an unavoidable fact that buying and maintaining ships is expensive. But is the price reasonable? What can you get with your money? Ships are usually handmade, so the labor cost for each item is much higher. Many labor-saving technologies are not cost-effective in such limited production. Buyers are another major factor in the rise in ship prices. Although it seems difficult, most of us do not require a boat.
However, the cost of owning a ship is affected by many factors. We investigated the cost of buying ships and answered an old question: “Why are ships so expensive?
Production cost
In the end, the actual cost of building a ship is the cause of the high price. Unlike the current almost completely automated vehicles, ships are almost entirely handmade. Large shipyards can only build a few ships within a few months, so it is necessary. Due to its size and complexity, skilled labour is expensive and insufficient. The materials of teak deck or cutting-edge fiberglass hull are very expensive and can withstand the harsh life at sea.
Components and others
Like many industries, there are high-end and low-cost ships reflecting quality, style and size. The resale value of the new ship is also included in the purchase price. Reputable manufacturers with good reputation, quality and safety will be twice as expensive. Although it is obvious that the price of a larger yacht is higher than that of a small fishing boat, the price of yachts of the same type will change greatly due to the improvement of functions such as limited edition yachts, premium yachts, additional seats, or the decoration of customized built-in options.
Luxury lifestyle
So far, we have studied the specific figures that can be calculated in the total cost of building a ship. The second is the luxury effect. This is difficult to quantify, but has a significant impact on costs in many ways. A ship that does not work is obviously a luxury. We can enjoy it, recall it with our family, relax our body and mind, and visit the world from it.
Other functions and Other components
Like new cars, yachts can be either standard(factory made) or equipped with a variety of optional accessories to improve the riding experience. The desire for these additional costs and the ability to pay them will depend on the budget and the amount of investment reserves. In addition, after purchasing a ship, you need to use the ship management software to monitor the business.