Cost accounting techniques, the case of shipping industry
Τεχνικές λογιστικής κόστους, εφαρμογή στον κλάδο της ναυτιλίας
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Keywords
Shipyard ; Shipbuilding ; CostAbstract
This thesis explores the international dimension of the shipbuilding industry, with a focus on the parties and costs involved during a new build project. The thesis also examines the concerns and perspectives of both shipowners and shipyards regarding the construction of new build vessels and particularly the cost elements involved. From a shipowner’s point of view, the decision-making involves a vigilant and thoughtful evaluation of different critical factors, such as the existing and the forecasted market condition, the technology and the design specifications, the availability of financing, any budget restrictions, and the operating profitability. All parties involved, such as the shipowners, the shipyards, the international organizations and regulators, the classification societies, and the financing institutions are taken into account since they play a significant role during the shipbuilding process. Moreover, important documents such as the ordered ship contract between the shipowner, the authorized broker, and the shipyard, the specification agreements, the financing documentation and contracts, and the technical design documents are reviewed explicitly for the legal implications involved.
From a shipyard's point of view, the thesis examines the challenges of cost estimation, taking into consideration different cost methods and techniques projects, used widely by many organizations. Different cost elements such as materials, labor, overheads, and regulatory compliance are analyzed to determine their influence on the total cost of a new building vessel. Additionally, variable cost accounting techniques and methods are examined during the shipbuilding process.
The thesis aims to provide a deeper understanding of the shipping industry market and the cost factors affecting the shipbuilding decision. The insights of both shipowners and shipyards are taken into consideration in the development of newbuild vessels. Finally, the thesis refers to the variable cost methods for the calculation and the estimation of the cost element, an essential indicator of effective performance and profitable operation.
Postgraduate Studies Programme
Shipping ManagementDepartment
Σχολή Ναυτιλίας και Βιομηχανίας. Τμήμα Ναυτιλιακών ΣπουδώνNumber of pages
78Language
EnglishCollections
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Αναφορά Δημιουργού-Μη Εμπορική Χρήση-Όχι Παράγωγα Έργα 3.0 Ελλάδα
Αναφορά Δημιουργού-Μη Εμπορική Χρήση-Όχι Παράγωγα Έργα 3.0 Ελλάδα