Project Viability Studies
When determining a project's viability there are a number of factors which must be considered and adressed before comitting to the project. We have listed a few of these factors below:
- Sea conditions in the time and area of operation
- Operational restrictions
- Required number of days of service accesssibility per year
- Operational timetable and route plan
- Applicable rules and regulations
- Type of passengers and their requirements
- Suitability and availability of shore facilities
- Estimated project costs & earnings
- Budget restraints
- Suitable vessel type
- Availability of finance
- Availability and requirements for insurance
- Organisational requirements for successful service operation
- Applicable licenses and certificates for crew and vessel
- Requirements by special interest groups
North Star Cruise & Ferry Services have experience with these issues and can provide valuable assistance to ship owners in the early planning stages through giving advise and writing detailed reports. This provides the client with much needed information on critical issues before making the decision on whether or not to go ahead with the project.
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