Prediction of a Newbuilding Proce of the Bulk Carriers based on Gross Tonnage GT and Main Engine Power

Żaneta Cepowska 1  and Tomasz Cepowski 2
  • 1 The Association for Praucting of Knowledge About Sea
  • 2 Maritime University of Szczecin


The paper presents mathematical relationships that allow us to forecast the newbuilding price of new bulk carriers, based on data concerning vessels built in 2005-2015. The presented approximations allow us to estimate the price based on a gross tonnage capacity and a main engine power The approximations were developed using linear regression and the theory of artificial neural networks. The presented relations have practical application for estimation of bulk carrier newbuilding price needed in preliminary parametric design of the ship. It follows from the above that the use of artificial neural networks to predict the price of a bulk carrier brings more accurate solutions than linear regression.

If the inline PDF is not rendering correctly, you can download the PDF file here.

  • [1] T. Abramowski. “Application of Artificial Intelligence Methods to Preliminary Design of Ships and Ship Performance Optimization”, Naval Engineers Journal, vol. 125 (3), pp. 101-112, 2013.

  • [2] T. Abramowski. “Application of artificial neural networks to assessment of ship manoeuvrability qualities”, Polish Maritime Research, vol. 15, No 2(56), pp 15-21, 2008.

  • [3] V. Bertram. “Resistance and propulsion” in Practical Ship Hydrodynamics, Butterworth-Heinemann, 2000, pp. 62-95.

  • [4] L. Buczkowski. “Teoria projektowania okrętów” in Podstawy budownictwa okrętowego część II, skrypt Politechniki Gdańskiej, Gdańsk, 1974, pp. 96-181.

  • [5] W. Chądzyński. “Teoretyczne podstawy procesu projektowania” in Elementy współczesnej metodyki projektowania obiektów pływających, Prace naukowe Politechniki Szczecińskiej nr 563, Szczecin, 2001, pp. 39-65.

  • [6] E.W. Maruszewska. „Applicability of activity based costing in new product development processes”, in Management Systems in Production Engineering, No1(17), pp. 35-39. 2015.

  • [7] J. P. Michalski. “Parametric method of preliminary prediction of the building costs”, Polish Maritime Research, Special Issue, pp. 16-19. 2004.

  • [8] A. Papanikolaou. “General on Ship Design” in Ship Design. Methodologies of Preliminary Design, SPRINGER, Editor: Apostolos Papanikolaou, 2014, pp. 1-68.

  • [9] K.J. Rawson and E.C. Tupper. “Some tools” in Basic Ship Theory Hydrostatics and Strength, Elsevier, 2001, pp. 7-52.

  • [10] K.J. Rawson and E.C. Tupper. “Powering of ship: general principles” in Basic Ship Theory. Ship Dynamics and Design, Elsevier, 2001, pp. 381-423.

  • [11] H. Schneekluth and V. Bertram. “Main dimensions and main ratios” in Ship Design for Efficiency and Economy, Butterworth/Heinemann, 1998, pp. 2-33.

  • [12] D.G.M. Watson. “Setting design requirements” in Practical Ship Design, Gulf Professional Publishing, 2002, pp. 35-133.


Journal + Issues