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answered May 4, 2014 by Normandy (21,000 points)
 
Best answer

New Build:

  • Design flexibility
  • Wider range of configuration options
  • Material selection options
  • Clear compliance requirements
  • Incorporate structural enhancements /integration
  • Optimisation of marine systems
  • Pre-planned interface systems
  • Enhancements for access, inspection & maintenance
  • Longer procurement (design/build cycle)
  • Relatively high cost

Conversion:

  • Fixed hull configuration
  • Unknowns with respect to
  • Start point/condition
  • Upgrade requirements (structure and systems)
  • Compliance requirements
  • Scope definition will be high risk
  • Shorter procurement cycle
  • Lower cost (purchase hull)
  • Dominates supply side in terms of numbers
  • Steel quality/grade e.g. HTS
...