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Shipcosts

Optimise your vessel operating expenses and pay only for the result www.shipcosts.com

SHIPCOSTS is an innovative company to assist shipping and offshore industry to optimise vessels’

• perating

expenses (OPEX), with high-tech digital tools. By categorising the cost categories and understanding the drivers behind each category, we identify the innovative solutions for

• ptimising
• perating expenses, without compromising safety and

quality. We also provide the expert advice on OPEX estimation to financial institutions and investors. SHIPCOSTS is aiming to become a leading advisory company with innovative and creative approach, and the trustful partner to the clients.

We believe in innovative cost-reduction solutions, not in reactive cost-avoiding measures. Faced with ongoing market uncertainty and continuous pressure to

• ptimise OPEX, we suggest companies to shift away

from old cost reduction programs and embrace more strategic cost-saving initiatives via digitalisation. This can be done by unified efforts of experts in ship management, ship finance and IT. Our team has 14 and more years of international experience within the industry. Based in Norway, we have access to resources in the UK, Philippines, India, West Africa, Mexico, the USA, Eastern Europe and Scandinavia.

What we do

OUR VALUES

• Reliability
• Safety and security
• Collaboraton
• Ambition

Cost categories

The following cost categories are covered by the analysis ▪ Crew wages ▪ Other crewing costs

▪ Crew travel ▪ Crew training ▪ Crew medical certification ▪ Visas, work permits and flag endorsements ▪ Crew insurance ▪ Sundry

▪ Spares, stores and lube ▪ Insurance and P&I ▪ Maintenance & Repair ▪ Vessel registration costs ▪ Management fees

Example of cost drivers

• Flag State regulation
• Union agreements
• Union tariffs
• Crew nationality’s historical traditions
• Local content requirements
• Crews’ employment contract (COE)

Crew rotation scheme

• Type of vessel/rig
• Project requirements
• Local content requirements
• Number of cadets
• Number of crew on sick-leave

Number of crew

• Crew nationality and country of domicile
• Availability of global agent
• Internal human resources
• Communication process

Number of visas & work permits

Pricing Contingency fee (No saving no fee model) Fixed fee (Project fee) Per hour (or per day)

What you will get

The outcome of the research is the report outlining an

• ptimisation plan presented to and to be discussed

with the management of the company. After the company has decided on various measures to be implemented we shall assist in execution of what has been decided.

Shipcosts

Optimise your vessel operating expenses and pay only for the result E-mail: o.brattekaas@shipcosts.com Tel: +47 46 21 46 33 Skype ID: olgaolevent www.shipcosts.com