NEWBUILD INSTALLMENTS • DELIVERY DELAY • INTEREST DURING CONSTRUCTION • SECONDHAND CLOSING • DRYDOCK • DEBT SERVICE • DSCR • OPEX / EFFICIENCY • RESIDUAL VALUE • FLEET RENEWAL
Newbuild vs Secondhand Vessel Acquisition, Financing & Fleet Renewal Tool
Compare the real owner economics of ordering a new vessel versus buying tonnage today. Simple mode tests the newbuild price premium against delayed earnings, financing cost, operating savings and residual value. Advanced mode adds staged yard payments, interest during construction, delivery debt, secondhand closing and drydock CAPEX, separate loan structures, annual earnings/CFADS, debt-service coverage, residual values and a fleet-renewal decision matrix.
↑
Fast fleet-renewal screen: 12 inputs.The simple case deliberately uses one common debt assumption so the chart focuses on the economic trade: newbuild premium + waiting time versus operating efficiency + residual value. Advanced mode separates financing and construction timing.CapitalPrice premium & delivery wait
OperationsDaily cash advantage & earnings
RenewalResidual value & NPV crossover
Newbuild vs Secondhand Snapshot
million.
years until commercial delivery.
million.
million, available now.
% of alternative secondhand earnings preserved while waiting for newbuild delivery.
million.
% of purchase/contract price.
annual %.
per earning day before vessel OPEX.
days/year.
per calendar day versus secondhand from lower OPEX/fuel/compliance burden.
years from today.
Newbuild Project
million.
months.
million.
million.
months beyond contractual delivery.
million expected to be received, if any.
Newbuild Installment Schedule
Percentages should normally total 100% of contract price. Enter the month from signing when each installment is due. The tool calculates weighted capital deployment and pre-delivery funding cost.
| Use | Milestone | Month from signing | Contract price % | Equity-funded % | Notes |
|---|
Secondhand Acquisition
million.
% purchase price.
million.
year from acquisition.
million.
Financing
% on financed newbuild installments before delivery.
% contract price funded/refinanced at delivery.
annual %.
years.
years after delivery.
years.
years.
Operating / Fleet Renewal Case
per calendar day vs secondhand; positive favors newbuild.
%/year.
%/year.
% of secondhand annual CFADS effectively preserved while waiting for newbuild delivery.
Valuation / Horizon
years from today.
% used for owner-equity NPV.
million.
million.
million.
Investment / Transaction Checks
Decision boundary: this is a capital-allocation and fleet-renewal model, not a vessel appraisal, lender commitment, shipbuilding-contract opinion or sale-and-purchase due-diligence report. Newbuild installments, refund guarantees, delivery remedies, secondhand closing mechanics, financing, charter earnings, OPEX, drydock costs and residual values remain transaction-specific inputs.