Techno-economic modeling evaluates technology investment options to assess the competitiveness of newbuilds or existing ships as new eco-designs enter into service or new regulations come into force. The approach simulates newbuild and retrofit technology decisions for a single vessel or a series of ships using regulatory compliance, payback period, net present value (NPV), return on investment (ROI) and other key criteria.
Our analysis bridges gaps between technical design and economic assessment to approach an optimal solution that will ultimately result in reduction of operation cost, increase of charter rates and increase of ship resale value.
Throughout the development and application of a techno economic analysis model, the client and ABS are engaged in a continuous dialogue to yield the most representative model and set of scenarios against which performance is assessed and upon which the investment decision is made.
Typical questions that a techno-economic assessment may answer include: