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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: modest outlook for container market

Drewry: modest outlook for container market
The outlook for the container shipping market remains soft despite the welcome boost of the ‘phase one’ trade agreement signed by the US and China, according to Drewry’s latest Container Forecaster.

Drewry launches new fuel advisory services for shippers and forwarders

Drewry’s freight cost benchmarking and procurement support division, is pleased to announce the launch of a new range of fuel advisory and management services designed exclusively for shippers and forwarders.

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.

Events

Ship Operating Costs Trends Briefing

Join us at 0900 GMT or 1600 GMT on Tues, 4 February 2020 for an online briefing on the key trends and outlook in ship operating costs. The webinar presentation will analyse recent trends and outlook in the main expenditure elements of vessel operating costs, covering 46 different ship types and sizes across all the main cargo shipping markets, as well as several niche segments such as multipurpose and car carriers.

ASEAN Ports & Shipping 2020

Join Jayendu Krishna presenting the economic outlook and its impact on regional competition.

TPM 2020 Conference

Philip Damas to discuss IMO2020 and strategies for BCOs to tackle carrier contracting negotiations.