Published at Thursday, June 07th 2018. by noah seihan in Cruise Ship Cabins.
The biggest value of all onboard cruise ship is in labor costs. The better cruise ships tend to be labor intensive providing passengers with unrelenting attention and extravagant pampering. The hotel staff on all cruise ships provides the basic services including food preparation and serving laundry cabin stewarding entertainment casino operation beauty shop operations This is one area where I would prefer to not scrimp because of the very good value in these services due to the low cost of international labor. I would prefer to go beyond the level that most cruise ships go in the area of spas. Land based luxury and specialty resort spas are very expensive but the exact same level of service professionalism skill and treatments can be provided on a cruise ship at extremely low cost. Labor is the key and the primary reason for most of the expense of spas. Labor is a tremendous value on a cruise ship because the cruise ship managers can choose workers from the global marketplace where it is easy to get the best value for the money.
On this pre-inaugural cruise I tried two of the specialty restaurants Cagney`s steakhouse and Moderno Churrascaria a Brazilian all-you-can-eat barbeque in which guests signal their servers with a green card (OK I`m ready for more) or a red card (No more please. I`m stuffed). My wife and I have raved about Cagney`s steakhouse on several other Norwegian cruise ships (e.g. the NCL Dawn the NCL Gem and the NCL Jewel) and we enjoyed it just as much on the Epic. On the other hand we were not nearly as impressed with the Epic`s Moderno Churrascaria which is the first such restaurant on any cruise ship. The salad bar was absolutely fabulous (especially the plump shrimp and fantastic gourmet cheeses) but other than the sirloin (which the servers cut right in front of you) my wife and I were both disappointed with the quality of the meats. Ironically my son Greg (who is CEO of Direct Line Cruises) and several of our staff members tried Moderno Churrascaria and really liked it. So don`t take my word for it.
If you are retired or otherwise have a stable income from a dependable source you probably can afford to be a cruise ship co-owner and live full-time onboard a cruise ship. If you work in a field where you can work from home online then you too can probably afford to become a co-owner of a cruise ship. Most modern ships have satellite Internet service available 24-7.
The first obvious benefit of shared ownership is acquisition cost. There are many cruise ships on the market in all price ranges sizes ages and conditions. There are many smaller and older cruise ships available for less than one million dollars. At the lower end some smaller cruise ships in fair condition can be acquired for about $250000. At the highest end the biggest new mega cruise ships now cost about $500 million to build.
Ship fuel is cheaper than automobile fuel for a few reasons. There are no road taxes on ship fuel of course and also it is different fuel. Ships main engines usually run on IFO180 or IFO380. Generator engines tend to be more finicky and commonly require diesel (MDO) which is still cheaper than automotive diesel. IFO 180 and 380 costs much less than MDO usually about half the price. Ships consume a lot of fuel. So fuel cost is a major concern. I have some suggestions. If I were a co-owner of a ship I would be willing to invest a little more in the ship to increase fuel efficiency and thus lower operating costs. There are many things that can be done to increase fuel efficiency. I would start with hull resistance. There is a new silicone-based paint from International Paints that when applied to the hull reduces amount of resistance in the water sufficiently to result in a 3 to 5% decrease in fuel consumption. A similar coating for the propellers also has been proven to increase fuel efficiency.
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