CONSTRUCTION

Ship construction takes place in a shipyard, and can last from a few months for a unit produced in series, to several years to reconstruct a wooden boat like the frigate Hermione, to more than 10 years for an aircraft carrier. Hull materials and vessel size play a large part in determining the method of construction. The hull of a mass-produced fiberglass sailboat is constructed from a mold, while the steel hull of a cargo ship is made from large sections welded together as they are built.

Generally, construction starts with the hull, and on vessels over about 30 meters (98 ft), by the laying of the keel. This is done in a drydock or on land. Once the hull is assembled and painted, it is launched. The last stages, such as raising the superstructure and adding equipment and accommodation, can be done after the vessel is afloat.

Once completed, the vessel is delivered to the customer. Ship launching is often a ceremony of some significance, and is usually when the vessel is formally named. A typical small rowboat can cost under US$100, $1,000 for a small speedboat, tens of thousands of dollars for a cruising sailboat, and about $2,000,000 for a Vendée Globe class sailboat. A 25 meters (82 ft) trawler may cost $2.5 million, and a 1,000-person-capacity high-speed passenger ferry can cost in the neighborhood of $50 million. A ship's cost partly depends on its complexity: a small, general cargo ship will cost $20 million, a Panamax-sized bulk carrier around $35 million, a supertanker around $105 million and a large LNG carrier nearly $200 million. The most expensive ships generally are so because of the cost of embedded electronics: a Seawolf-class submarine costs around $2 billion, and an aircraft carrier goes for about $3.5 billion.