Tug-barge operating costs based on Charterer Versus Ownership Perspective. A Case Study: Nickel Ore Transport Boenaga-Fatufia Route

  • Chris Jeremy Verian Sitorus Department of Naval Architecture, Engineering Faculty, Hasanuddin University, Gowa, Indonesia
  • Misliah Idrus Department of Naval Architecture, Engineering Faculty, Hasanuddin University, Gowa, Indonesia
  • Andi Sitti Chaerunnisa Department of Naval Architecture, Engineering Faculty, Hasanuddin University, Gowa, Indonesia
DOI: https://doi.org/10.25042/epi-ije.022023.07
Keywords: Tug-barge operating costs, nickel ore, investment feasibility, secondhand tug-barge

Abstract

The Tug-barge operating costs for nickel ore transhipment at Boenaga-Fatufia are based on charter and shipowner. A comprehensive study on Tug-barge investment feasibility needs to focus on the most profitable option. This study aims to determine the feasibility of investing in a Tug-barge, considering a charter Tug-barge with shipowner (newbuilding tug-barge and secondhand Tug-barge is feasible compared to a new building Tug-barge and charter Tug-barge. The highest NPV is for the secondhand Tug-barge, IDR 18.642.830.529; rhe secondhand Tug-barge also gas the highest IRR value of 20%. The secondhand Tug-barge has the fastest Payback Period, Which is 4.18 years.

Published
2024-01-13
How to Cite
[1]
C. Sitorus, M. Idrus, and A. Chaerunnisa, “Tug-barge operating costs based on Charterer Versus Ownership Perspective. A Case Study: Nickel Ore Transport Boenaga-Fatufia Route”, EPI International Journal of Engineering, vol. 6, no. 1, pp. 49-55, Jan. 2024.
Issue
Vol 6 No 1 (2023): Volume 6 Number 1, February 2023
Section
Articles
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