How the Numbers Stacked Up 1/6/2017 11:25







PLEASE NOTE ALL DOLLAR AMOUNTS REPORTED ARE IN AUSTRALIAN DOLLARS

This will be the last year I report our annual numbers as I think that the value and the lessons to learn regarding this for prospective buyers, have now been well served.

Each year, for the past five years, I have reported the costs involved of owning complex vessel such as Pendana. These ocean-going vessels are like little micro cities capable of making electricity, storing electricity, compacting garbage, making fresh drinking water and some, like Pendana, have satellite stations to provide internet, phone, texting and HDTV from just about anywhere on the planet. These little ships can also, cool the air inside or make it warmer, burn used oil and all of this while travelling in an unforgiving environment, salt water. The costs associated with maintaining these mighty little ships needs to be understood as often people completely ignore the ongoing expenses when it comes to boat ownership and find themselves in the unfortunate position of having to sell. While this is great news for boat brokers the world over, it is not great news for the individual going through what would be a costly experience.

While it is true that we do maintain Pendana to a ridiculously high standard, driven more from my total incompetence to fix anything, it is also true that due to my incompetence we tend to bring in skilled labour to fix a problem rather than pulling something apart myself. It is important to note, that the difference this would make to the overall numbers, for those more capable than I, would be a reduction of around twenty percent.

So, how did the numbers stack up for 2016?







All the variances are pretty straight forward to explain with Fuel being simply due to timing as we will be filling up early next year. Wax and Polish is a crazy number and something I need to reign in but honestly Pendana does look mighty pretty! Well she did before the refit! Communication was reduced this year from budget due to our reduced reliance on our KVH sat system. We consume data like we breathe air and with two teenagers on board there would be mutiny if this were to ever change. Haul-out/Remodel was a big variance but again easily explained as we decided to go with all new Technicold air handlers, fifteen new Lewmar hatches and fifteen new Ocean Air screens at the eleventh hour and completed a major refit. Maintenance was another big variance with the major drivers being a preventative fridge re-build, new washing machine, new sub-zero freezer, KVH repair, new M-series pump and engine work. Considering we were going to embark on a straight shot from Hawaii to Kodiak Alaska we needed to make sure everything was perfect. Car Rental/House sees the main variance driver being our furnished house in Seattle which we rented while Pendana underwent her remodel. Finally, Marina Fees were a little over mainly due to the insane cost associated with being at Coal Harbour Marina in Vancouver. A great marina for sure, but certainly not cheap!

If we drill into the haul-out remodel numbers a little further and look at the interior design side i.e. what I call soft furnishings, i.e. carpet, counter-top, HiFi system, cameras, splash-black, fabrics, couch, chairs, tub chairs, new headliners, salon table, pilothouse bed, recover and fit, re upholstery deliver and supply then this makes up $80,000.00 of the $264,360.00. If we then look at then the new hatches, screens, new cabinet and air-handlers these account for a further $90,000.00. This means that these two areas alone accounted for 64% of the haul-out remodel number leaving about $94,000.00 on our haul-out/mechanical etc. This $94,000.00 is almost twice as much as our general haul outs and while $20,000 of the variance can be explained the balance cant other than putting it down to increased labour rates in the USA as opposed to Australia. Remember all numbers are in Australian dollars! I guess I was spoiled rotten by Andy at ADG Marine and Gold Coast City Marina in the past!

Five years of data plus or minus ten percent




Some of the cost categories have changed over the years making direct comparison a little challenging



Our average, our annual spend on Pendana using the last five years of data, is A$219,534.68 or US$153,673.00. Boating is certainly not an inexpensive exercise and this for us, is by no means an immaterial number. That being said however, to be able to see the things we have seen, go to the places we have gone meeting the people we have met is simply priceless. It is true that without the remodel we would have been pretty much in line with the last four years expenses allowing for the fact of increased labour charges here in Seattle. That being said, however, Pendana needed a refresh and fortunately we were able to manage our cash-flow to allow for the updates required to take place. Mind you, we may be eating Vegemite sandwiches for the next few years!

As mentioned before, this will be the last year I report the numbers for Pendana as I believe there is now, enough data available for potential buyers to be able to truly understand the real cost of boat ownership. As I have said many times before, buying a boat is one thing, maintaining her to the high standards required when crossing oceans is another thing altogether. I also say, we are all a long time dead, so with the precious little time we get on this wonderful planet of ours one needs to experience all of it, every single day.

Pendana is now well and truly ready for the next fifteen years and if the truth be told is in the best shape of her life. As is tradition, let’s take a quick look at, The Year That Was.





2016 Best Ocean Photo


In the middle of the Pacific Ocean heading to Kodiak Alaska. The sea state could not have been any calmer!



2016 Best Photo of Pendana


Simply love this shot taken with the drone



2016 Best Anchorage 


Heather Bay, Prince William Sound.  To watch the ice float by was remarkable



2016 Scariest Moment 


Bianca creeping up behind me groaning.  I almost had a heart attack!



2016 Word of the Year – ‘Flashlight’


Which means torch – Pass me the torch has a whole different meaning over in the USA!



2016 Longest List of Issues with a Drug being Advertised on TV

Actually, the US adverts are rather odd. First they tell you all about the benefits then spend the next minutes telling you how the drug can basically kill you. Opdivo is a good example of this.






and yes, this is all spoken in the TV Commercial



2016 Best Sunset Photo 


In the middle of the Pacific Ocean heading to Kodiak Alaska.  Simply stunning!



2016 Best Burger 


Red Mill Burgers Seattle



2016 Best Pizza 


Wright’s Copper Turtle – Dave and his wife Gayle make the best pizza’s on the planet and no, I am not just saying that to be nice although I must say that Patxi’s Pizza in Ballard comes in a very close second.  One bad  night Dave and you could lose the crown!



2016 Best Night Photo


Victoria Harbour, Canada



2016 Best Animal Moment

Oscar on the foredeck as we approached the fishing port in Kodiak



2016 Tightest Spot

Ballard Locks



2016 Cutest Animal Photo


Master Jack, Office in Charge of Recreation aboard Barrington N62.  I really should have stolen this dog as he is simply beautiful



2016 Best Wildlife Photo


Brown Bear taking a rest. Got to love these magnificent animals



2016 Best Dolphin Photo


Bianca spent the day as an Assistant Dolphin Trainer while we were in Hawaii



2016 Best Ice Photo


Pendana abeam one very large glacier



2016 Best Foggy Photo


One our way down the Inside Passage



Finally, for those who may be interested there is a new book coming. Yes it will be in full colour, include lots of photos and will hopefully be something of value. Stay tuned for more information in the New Year! If you want to learn more about the new title please click HERE.

Stay safe

James

12 thoughts on “How the Numbers Stacked Up 1/6/2017 11:25”

  1. SUBJECT: Re: How the Numbers Stacked Up 1/6/2017 11:25

    James,

    Thank you for the thorough report on your annual operating costs. This is very helpful. Leslie and I look forward to seeing the boat this Sunday. Thank you for allowing us the opportunity to do so.

    Jim Kerr

    Sent from my iPhone

    > On Jan 6, 2017, at 9:25 AM, http://WWW.PENDANABLOG.COM wrote:
    >
    >

  2. James, your photo of Pendana in front of the glacier is now the background setting on my computer…thank you! When you and your “crew” get to Sarasota, FL…I would love to meet you. Marina Jacks is a beautiful place, with everything you need within walking distance…for the most part.

  3. One quick question concerning your internet… At what speed are you able to download the internet? Technology being what it is, I have now “cut the cord” with my former cable company and now stream television through Roku (GREAT product by the way), but it requires a high speed connection that is capable of download speeds of at least 20 MbPS. Are you able to achieve that kind of speed with a satellite based system such as KVH?


  4. Response to a post by Tod Brown who said:

    James, your photo of Pendana in front of the glacier is now the background setting on my computer…thank you! When you and your “crew” get to Sarasota, FL…I would love to meet you. Marina Jacks is a beautiful place, with everything you need within…


    Look forward to catching up when we get down there. Glad to hear the photo is your desktop very cool!!


  5. Response to a post by Tod Brown who said:

    One quick question concerning your internet… At what speed are you able to download the internet? Technology being what it is, I have now “cut the cord” with my former cable company and now stream television through Roku (GREAT product by the way),…


    ok so KVH have a digital TV plan/option will is on there website but when we are local we use either Direct TV via the M7 Dome, regular TV via antenna or Netflix via a jetpack similar to you. Hope that helps.

  6. SUBJECT: RE: How the Numbers Stacked Up 1/6/2017 11:25

    Wonderful information! Thank you. Good Luck on your future voyages.

    From: http://WWW.PENDANABLOG.COM [mailto:blogcomments-L1RL3@[…]]
    Sent: Friday, January 6, 2017 10:26 AM
    To: jdavid17@c…
    Subject: How the Numbers Stacked Up 1/6/2017 11:25


  7. Response to a post by jdavid17 who said:

    SUBJECT: RE: How the Numbers Stacked Up 1/6/2017 11:25

    Wonderful information! Thank you. Good Luck on your future voyages.

    From: http://WWW.PENDANABLOG.COM [mailto:blogcomments-L1RL3@[…]]
    Sent: Friday, January 6, 2017 10:26 AM
    To: jdavid17@c…
    Subj…


    thankyou.

  8. Hello Dr. James:

    Thank you for annual costs. Would you be able to estimate your time in the water to better understand time in marina and time on hook.
    Take care,


  9. Response to a post by Michael Key who said:

    Hello Dr. James:

    Thank you for annual costs. Would you be able to estimate your time in the water to better understand time in marina and time on hook.
    Take care,


    not really, the best way to do this would be to go to the ARCHIEVE tab at top of page and look through each year etc. Teh only other point I would make is that if we are not moving then we are at marinas rather than simply anchoring out.

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