Modeling offshore wind installation vessel day-rates in the United States

MJ Kaiser, BF Snyder – Maritime Economics & Logistics, 2012

The purpose of this article is to estimate vessel day-rates for US offshore wind installation between 2012–2017. Three model frameworks are developed using a capital cost model, a leasing strategy and a developer-owned vessel strategy. Transport costs are parameterized to create estimates of total costs by vessel type and mobilization distance. Day-rates for liftboats, jack-up barges and self-propelled installation vessels are expected to range between 12 500 and 75 000 US$/day, 25 000 and 150 000 $/day and 60 000 and 300 000 $/day, respectively, over the time period considered.



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