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Maritime Research

Ship Operating Costs Annual Review and Forecast 2019/20

Annual Review and Forecast

November 2019

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Ship Operating Costs

Ship Operating Costs Annual Review and Forecast 2019/20

One of Drewry’s flagship reports, Ship Operating Costs 2019/20 provides one of the most complete annual assessments of ship operating costs available in a single source. Operating cost assessments are provided for 46 representative ship types and sizes, spanning the container, dry bulk, oil, chemical, LNG, LPG, general cargo, reefer, ro-ro and car carrier sectors.

For each of the 46 vessel types and sizes covered the report shows:

  • Assessment of 2019 ship operating costs by main cost head (e.g. insurance) and sub-cost (e.g. hull and machinery insurance) for 10-year old vessels (or younger were appropriate)
  • Operating costs by vessel age (newbuild, 5, 10, 15 and 20 years) broken down by main cost head
  • Historical trend in annual ship operating costs for the period 2014 to 2018, broken down by main cost head
  • Annual projections of total ship operating costs to 2024

The report also includes detailed data and analysis of cost trends and forecasts for each of the main cost heads of: manning; insurance; stores, spares & lubricants; repairs & maintenance and dry docking; and management & administration.

 

It also provides in-depth explanation of operating cost variances by ship type and age of vessel.

 

A comprehensive, global study of this nature is a powerful tool, enabling you to benchmark specific ship operating costs with confidence and clarity. No other source of information provides such a depth and breadth of insight, allowing you to drill down into specific cost heads.

 

Drewry Maritime Research’s annual series of reports provide the type of data, in-depth analysis and objective comment you need to make well-informed business decisions. Independent in thought, they are valued and trusted by an elite client base of industry stakeholders and market players.


More Information

Fast facts...

  • All-encompassing, global study
  • Widely regarded as the definitive "opex" reference
  • Detailed 2019 cost assessments to sub-cost head level
  • Assessments of 2019 operating costs by vessel age
  • Data and analysis for the past five years and annual projections to 2024
  • Covering 46 different vessel types and sizes
  • All report tables, charts and graphs provided in MS Excel format

News

Drewry publishes first low-sulphur BAF reference price

Drewry publishes first low-sulphur BAF reference price
As part of a series of initiatives aimed at bringing greater transparency to fuel costs resulting from the new IMO 2020 low-sulphur regulation, Drewry is pleased to announce the publication of its first low-sulphur reference bunker index tracker.

Ship operating costs rise on higher R&M and insurance spend

Underlying vessel operating cost inflation accelerated moderately in 2019 on higher repair & maintenance and insurance spend, while costs are expected to continue rising at a similar pace in 2020, according to Drewry’s latest Ship Operating Costs Annual.

The time for higher BAF charges has come

With the enforcement date of the IMO 2020 low-sulphur regulation now only 6 weeks away, shippers and forwarders are starting to get their chequebooks out to help ocean carriers cover the additional cost of the cleaner, low-sulphur fuel.

ESC, Drewry announce an IMO 2020 BAF transparent indexing mechanism

Drewry and the European Shippers’ Council (ESC) have published a bunker adjustment factor indexing mechanism to help shippers monitor and control bunker charges in the run-up to and following the introduction of the IMO 2020 low-sulphur regulation.