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Published at Wednesday, May 30th 2018. by in Cruise Ship Cabins.

Let`s look at the numbers on this ship. 100% of the acquisition cost would have been $500000. 1% thus = $5000. One hundred buyers could own one percent each. There are 120 cabins so each co-owner could have a private cabin with 20 cabins left over. However these cabins are a bit on the small side. Every cabin does have a bath and shower but the size is just too small to be comfortable for most people especially if the owners intend to live onboard full time. On a ship this size I would recommend that there be no more than 60 joint owners so each can have two cabins and will have the option of converting those two cabins into a two room suite. To keep the numbers simple lets say that this ship has 50 buyers who each buy 2% of the ship. Buy in cost per owner would then be $10000. If there were only ten buyers then the acquisition cost per buyer would be $50000. $50000 will not buy much of a house on land but on this ship it would buy 10% of a ship like the Vergina Sky and twelve cabins that could be converted into a fairly large home.

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.

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harmony of the sea cabins
harmony of the sea cabins

One of the hallmarks of NCL`s acclaimed Freestyle Cruising is the choice of dining options and not surprisingly the Epic takes this feature to a new level. In addition to the two main dining areas the Epic offers 17 other dining venues each with its own cuisine and ambiance. This includes the spacious main buffet area (the Garden Cafe) in which the food was consistently fresh and of high-quality (albeit with somewhat less variety than we`ve experienced on some other ships). It also includes the poolside grill (Spice H2O) O`Sheehan`s (a huge sprawling pub that became the meeting place and social nucleus for many of the ship`s guests) and several specialty restaurants such as La Cucina Italian restaurant (which was even more attractively decorated on the Epic than on other NCL ships) Tepanyaki Japanese grill (much larger than on other NCL ships) and Le Bistro French restaurant just to name a few. Each of the specialty restaurants has a cover charge (which ranges from $10 to $35 per person) but in my opinion they are all well worth the money.

The asking price for this ship is less than the price for one large apartment on The Magellan. The asking price and selling price are two different prices. This ship could probably be bought for about 11 million dollars. It would be foolish to finish this ship in a Greek union shipyard. It can be economically towed over to the nearby shipyards in Tuzla Turkey. The ship can be finished there quicker and for about half the price and with better craftsmanship. This ship could be bought and finished to a high standard equal to The Orphalese for a total cost of much less than 100 million dollars (maybe even as low as 60 million). It can be finished to order with each residential unit customized to suit its owner(s). The finished product would be a brand new completely modern ship with luxury homes onboard which would be at least as good or better than any on the market. That still seems like a big chunk of change. But this is a big ship and it would easily accommodate 200 luxury residential units and an additional 200 or so conventional cruise cabins like The Orphalese. The average cost of the residential units would be less than $500000. That would mean that the smaller residential units would cost much less than the average price. Also with an additional two hundred (plus) conventional cruise cabins the cabin owners could recoup much of the operating costs and thus virtually eliminate the maintenance fees for themselves. The expense to owners can be less than 10% of the going rates if the buyers did not need to pay some slick promoters and salesmen but just bought the ship directly themselves sharing the actual costs by dividing the ship ownership among the buyers. Why would anyone want to pay ten times as much money to buy and much higher maintenance fees for a similar shipboard residential unit? The only reason I can think of is to impress others with how much money they can afford to throw away. Again the asking price is subject to negotiation. Used ships can be refurbished to look practically new and can be brought up to international safety standards (SOLAS). There are shipyards around the world that can do good quality work at even lower cost than the shipyards in Tuzla Turkey. If a ship is currently lying in Greece (as many are) then Tuzla is the best place to tow it for major shipyard work. The SE shipyards in the Black Sea port of Nikolaev Ukraine offers the best value for the money in that part of the world. The bottom line is that smart shoppers can get good deals even on lavish purchases such as a luxury residential home aboard a cruise ship. I maintain a list of those who have expressed an interest. The list is confidential and will not be shared for any marketing purposes. The purpose of maintaining the list is to facilitate joint ownership directly between buyers without any middlemen or promoters involved.

Another Epic first is Cirque Dreams and Dinner which is performed by an exceptionally talented group of acrobats in a special theater-in-the-round called the Spiegel Tent. Several of our staff members saw this show and said that it was very good but perhaps a bit too long. My wife and I saw a very different show in the Spiegel Tent. Our 3-year-old granddaughter who we were able to bring with us is a big fan of Dora the Explorer and Diego and she just loved the Nickelodeon character breakfast which in addition to Dora and Diego also featured Sponge Bob Square Pants Jimmy Neutron and others. In an exclusive deal with NCL the Nickelodeon characters are presently appearing on the Epic and the NCL Jewel (which now sails year-round out of New York City) and will eventually appear on several other NCL ships.

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