Thesis
Conversion as an option
- Creator
- Rights statement
- Awarding institution
- University of Strathclyde
- Date of award
- 2010
- Thesis identifier
- T12839
- Qualification Level
- Qualification Name
- Department, School or Faculty
- Abstract
- The following thesis examines conversion as a suitable option in response to market requirements, as an alternative to building a new or to acquiring an existing vessel. While conversions often appear as an option in the industry, little has been said about them and the methodology they should follow. The thesis investigates and proposes a methodology that can be used to evaluate the techno-economic feasibility of converting a vessel. The thesis begins by discussing why and in which cases a conversion may be considered and examines why they should be looked upon with favour. It is acknowledged that conversions are not a new thing but have played a significant role thought maritime history by presenting several examples. A number of noteworthy conversion projects that have taken place in the industry, in more recent days, are then presented and discussed. The reasons behind conversion are examined and identified, and conversions are categorised in a number of types. A methodology is next presented for considering the conversion of a vessel. The methodology begins by evaluating the conversion option against building or acquiring an existing vessel. After the decision for conversion has been taken, a process that will shape the conversion and prepare the ground for analyzing the investment commences. In order to define the conversion characteristics, the reasons for conversion are thoroughly investigated and in combination with a broader market analysis a set of factors influencing the conversion are identified. Based on these factors conversion candidates are evaluated and a decision for conversion is taken on a cost and time basis while also considering other possible implications. The effectiveness of the methodology proposed is further examined in two case studies. Case study I considers a conversion targeting a certain cargo while Case study II considers a conversion as a result of regulation change. The outcome of the thesis investigation is discussed concluding that even though each conversion is unique and will heavily depend on the experiences of the individuals involved, a certain methodology for evaluating them can be followed that appears as a result of rational thinking.
- Resource Type
- DOI
- Date Created
- 2010
- Former identifier
- 831269
Relazioni
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T12839.pdf | 2024-03-07 | Pubblico | Scaricare |