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The decision to layup your vessel may be driven by a desire to reduce overheads, such as machinery wear and tear, manning costs, fuel and insurance costs, during a period of negative or weak earnings. Every vessel requires regular maintenance and care to preserve its lifespan and layup can, in addition to basic preservation, offer the opportunity for owners to carry out overdue maintenance or upgrades so as to to prepare the vessel her eventual return to service.
The owner will always have option to decide layup solution that best fits their particular objectives and in deciding whether to opt for hot or cold lay up and the levels of maintenance and preservation, and needs to consider the cost benefit of each available option such:
- Maximum cost reduction during layup
- Quickest reactivation at the end of layup