Vessel charter rate estimation for offshore wind O&M activities

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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.
Original languageEnglish
Title of host publicationDevelopments in Maritime Transportation and Exploitation of Sea Resources
Subtitle of host publicationIMAM 2013
EditorsC Guedes Soares, F López Peña
Place of PublicationBoca Raton
Pages899–907
Number of pages9
DOIs
Publication statusPublished - Apr 2013
EventInternational Maritime Association of Mediterranean IMAM 2013 - Fundación Barrié , A Coruna, Spain
Duration: 14 Oct 201317 Oct 2013
http://www.imamhomepage.org/imam2013/

Conference

ConferenceInternational Maritime Association of Mediterranean IMAM 2013
CountrySpain
CityA Coruna
Period14/10/1317/10/13
Internet address

Keywords

  • vessel charter
  • rate estimation
  • offshore wind
  • O&M activities

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