Published at Thursday, June 07th 2018. by daniel amoien in Cruise Ship Cabins.
I was able to negotiate with the owner John Kosmas and get some concessions. I got the price down to $500000. And at that price he agreed to bring the ship into compliance with SOLAS 2005 and also to include new paint topside. The ship was fairly well furnished even including bed linen but the ship had been laid up for years. Its most recent service was in the Mediterranean and Black Seas. Cruise ships that trade exclusively in the Mediterranean and Black Seas tend to have smaller cabins and fewer amenities than the typical cruise ships that frequent the Caribbean. The bottom line is that this ship was an economy model not a luxury model. When I was inspecting the engine room I asked for the engine log. When I opened it I noticed all the entries were in Greek. I was able to discern some dates and other data that told me when the ship was last in service but I could not read the Greek entries so I handed the engine log back to the ship owner and told him It`s all Greek to me. Being Greek Mr. Kosmas failed to find the humor in that.
The looming SOLAS 2010 implementation date offers both perils and opportunities. The biggest peril is the possibility that the expense to bring a ship into full compliance with international standards will be greater than the value of the ship. However there is a silver lining in this cloud. This pending SOLAS implementation date has already started to show up as a primary factor in the asking and selling prices of ships on the market today.
Standard inside cabin. This type of cabin has no windows and is located on the inside corridor. It is usually carpeted and furnished with a telephone TV and air conditioning unit. The standard inside cabins of newer cruise liners includes a refrigerator small vault table loveseat and an Internet access. The bathroom has a shower but typically is small with no tub. It usually has a retractable clothesline for hanging wet garments to dry.
Cost is typically the primary concern of most travelers. The more amenities a cabin offers the more it will cost. For example cabins with a balcony typically cost 25% more than cabins with just a window. Windowless cabins cost far less but guests are left with no view. It is important to know what you are willing to live without on your trip. If a balcony is not that important then forego it to save money for entertainment or a future trip. Cabin sizes will differ on different cruise lines. The smallest rooms on larger cruise ships will be bigger than some of the larger rooms on smaller cruise ships. Many people prefer to get a smaller room and extend their vacation. After all the cabin is just a place to sleep. All of the fun and entertainment is above deck.
At the economy end of the scale a co owner could buy 1% of an economical cruise ship for about $5000. However it is not necessary for all co owners to have equal shares in the ship. Ownership can easily be divided up into 1% increments. If one buyer wanted 5% then his cost of acquisition would be $25000. He would be entitled to 5% of the ship`s cabins and would have five votes on operations and management of the ship such as itinerary planning.
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