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State television says the submarine has been dubbed Morvarid, which is pearl in Farsi, and has the capacity to carry four people per voyage.
But the practice is spreading rapidly among shipping firms despite the cost, which can run to $100,000 per voyage for a four-man team.
That comes to an average $20,000 in extra insurance costs per voyage.
Shipowners that buy Vessel Shield (roughly $35,000 per voyage) instead of the basic kidnapping and ransom policy can get a 50% discount on their war risk insurance.
For big tankers, the cost is closer to $100,000 per voyage: $75,000 for war risk insurance and $20,000 for a $5 million kidnapping and ransom policy.
The lower fuel prices has some shipping companies considering the shift away from the Suez Canal, which Hansen said can save them $300,000-$300,000-$500,000ge.
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Suites can cost up to $4,000 per person per 7 night voyage.
When a new ship is appraised, SOS Voyager is used to calculate its gross-profit-per-day for each voyage completed on each trade area, along with sensitivity and what-if analysis of cargo quantity and freight.
Officials contend that she has made untold millions on the backs of illegal Chinese immigrants, who were poor, vulnerable and unsophisticated, and forced to pay tens of thousands of dollars per head for the voyage to America.
To them, she has made untold millions on the backs of poor, vulnerable and unsophisticated illegal Chinese immigrants who are forced to pay tens of thousands of dollars, per head, for the voyage to America.
The objective function is expressed in total voyage gross profit per day for all ships.
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