Updated: 7 days ago
The FF Demonstrator vessel is intended as a first physical representation of Forever Fleet, as well as a hands-on example to make our intentions and plans easier to understand.
Deployment will probably be in Copenhagen Harbor, based on current agreements.
NOTE that information here is courtesy of Maersk Broker, who has helped find the vessel, as well as a handful of equally good alternatives. This particular vessel may have been sold before we can close contract on it, but in that case many similar exist for our use instead. The 'donor vessel' is a typical mid-size (105m x 16m, 4400 tons) container feeder ship, built in 1989 and today still trading between Finland and Sweden. She is however today not very fuel-effective and her value in the market (est. USD 1.3M) is little more than the scrap value (est. USD 1M).
As property of Forever Fleet, she will be renamed and probably re-registered for sailing under Danish flag, until Forever Fleet Nation is established.
Exceptions Due to her diesel engine and low single-hull survivability in case of an accident at sea, this ship is not suited as a true Forever Fleet vessel. She will never sail with the housing modules in place and will spend almost all her time at harbor with landside electric power and permanent gangway; her use is to test and demonstrate the Forever Fleet equipment.
A living module structure is placed on top of the ship's deck. These structures are readily available in many different designs and high quality, resource effective in both production and use and have been tested for decades in climates from the Nordics to Dubai.
Approx. 80 one-room apartments (or fewer bigger) may be placed on the deck of the ship, in 3 stories, connected with external galleries, internal stairs and elevators, and roof-top gardens, as well as space for a single FF air vessel to short-term land (bigger vessels will have a hangar).
The signed inhabitants will have a major say in the layout of the housing structure.
The FF vessel needs to keep her inhabitants safe, healthy and happy, using limited resources:
Bridge - existing accommodation is used as common area for office use, meetings, etc., for housing the electronics and communications equipment for sailing, entertainment, education and knowledge preservation, as well as allowing general small-scale research.
Storage - in her hull the FF Demonstrator will provide a 20 foot storage for each living unit, for a total of 90 such storages, connected with the living unit elevators and stairs.
Sports Hall - to make room for training, play and numerous other activities the hull holds a sports hall just big enough for basket, badminton and similar sports, and will be equipped with mobile training machinery based on scientific and medical recommendations.
Infirmary - to demonstrate medical facilities the FF demonstrator hosts an infirmary capable of caring for its approx. 150 inhabitants. Naturally specialists for all this will not be on board, and as such most of the equipment is for remote use. To not waste the equipment, the FF infirmary will in harbor act as a commercial medical practice. Production - this is the most important part of the demonstration, and holds equipment to produce food and water for its approx. 150 inhabitants regardless of weather, facilitate water treatments and waste recycling, as well as provide a range of small-scale production for maintenance and inhabitant needs. Here are also workshops for use by the inhabitants.
Exceptions - this first demonstrator does not have the size nor the electric power to host the full recycling facilities planned for bigger FFN vessels. These will be show-cased in the second, much bigger and ocean-going nuclear powered demonstrator.
Purchase of the ship itself is USD 1.3M, and 80 housing 30 m2 modules (regardless of configuration) cost around USD 6M. Add to that 30 years of maintenance (5%) and insurance (1%) and total costs are around USD 10M.
However, if the apartments are offered as rentals at competitive prices in Copenhagen, they can earn some USD 670 per month per 30 m2. With 10% admin cost, that still yields USD 17.5M during 30 years, for a profit of USD 7,5M - with only USD 7,3M initial investment, already returned. We have now already made a fair safe ROI of over 100% or more than 3.3% per year. Add to that the scrap value of the ship of at least USD 0.55M (probably higher value by then due to greater resource scarcity) and 40% resell value of units, total 2.9M. As such the project has after 30 years gained an income of 20.3M, for a profit of 13M. This results in a final 30-year ROI of 180%, or 6% per year - that is better than the stock market's average 5.5%, close to Warran Buffet's 7%, and here secured in tangible assets.
This is part of why we claim Forever Fleet is a meaningful investment, even for regular investors.
Video from first inspection of a potential vessel:
We are happy to announce that the Housing Brochure for the Forever Fleet Demonstrator Ship now is ready for download, with details on everything from position to pricing and interior - please note that everything is still preliminary and changes may happen.