Annual review of vessel operating costs

This comprehensive annual report provides one of the most complete assessments of ship operating costs available in a single source. Operating cost assessments are provided for 47 representative ship types and sizes, spanning the container, dry bulk, oil (crude and products), chemical, LNG, LPG, general cargo, reefer, Ro-Ro and car carrier sectors. Commonly referred to by the abbreviation SOC.

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

Each of the 47 vessel types and sizes covered in the report shows:

• Assessment of 2025 ship operating costs by main cost head (e.g. insurance) and sub-cost (e.g. hull and machinery insurance) for 10-year old vessels (younger where appropriate)
• Operating cost ranges, indicating the typical spread of daily opex across the fleet
• Operating costs by vessel age (newbuild, 5, 10, 15 and 20 years) broken down by main cost head
• Historical and forecast trend in annual ship operating costs for the period 2021 to 2030, broken down by main cost head

Download use cases and cost head summary