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Maritime Research

Ship Operating Costs Annual Review and Forecast 2020/21

Annual Review and Forecast

November 2020

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Drewry Ship Operating Costs 2020-21

Ship Operating Costs Annual Review and Forecast 2020/21

One of Drewry’s flagship reports, Ship Operating Costs 2020/21 provides one of the most complete annual 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, chemical, LNG, LPG, general cargo, reefer, ro-ro and car carrier sectors.

For each of the 47 vessel types and sizes covered the report shows:

  • Assessment of 2020 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 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 trend in annual ship operating costs for the period 2015 to 2020, broken down by main cost head
  • Annual projections of total ship operating costs to 2025

 

 

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 2020 cost assessments to sub-cost head level
  • Assessments of 2020 operating costs by vessel age
  • Data and analysis for the past five years and annual projections to 2025
  • Covering 47 different vessel types and sizes
  • All report tables, charts and graphs provided in MS Excel format
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News

Multipurpose earnings rally at risk from overordering in competing sectors

Multipurpose earnings rally at risk from overordering in competing sectors
The rapid recovery in earnings for multipurpose vessels is expected to slow from the second half the year as capacity constraints and supply chain disruptions in competing sectors ease, according to Drewry’s latest Multipurpose Annual.

Drewry extends spot market ocean freight rate service coverage and Benchmarking Club participation numbers

Drewry is pleased to announce a series of enhancements to its spot market and contract ocean freight rate benchmarking services and new participation milestones in its flagship, ocean freight cost comparison service, Benchmarking Club.

COVID-19 drives up ship operating costs

Vessel operating costs have risen at their fastest pace in over a decade this year, on higher insurance cover premiums and COVID-19 related expenses, but are expected to moderate in subsequent years as pandemic related spend unwinds, according to Drewry’s latest Ship Operating Costs Annual Review and Forecast.

Multipurpose Time Charter Index - Apr 21

Our new MPV Time Charter Index tracks one-year period charter rates across a basket of vessel types and sizes and forecasts the market movement over the coming month.

Events

Container Equipment Market Outlook

Join us for a FREE Drewry online briefing at 0900 or 1600 BST on Tuesday 27 April to hear our latest thoughts on developments in the container equipment market. Hosted by Martin Dixon, Head of Research Products and John Fossey, Senior Analyst for Container Equipment at Drewry.

LNG shipping market outlook

Join us at 09:30 BST on Tuesday 4 May 2021 to explore some of the key findings from our latest LNG Forecaster report. Hosted by Aman Sud, Lead Analyst – Gas Shipping at Drewry and Santosh Gupta, Assistant Manager at Drewry Maritime Financial Research.

Container Shipping Market Outlook

Join us for a FREE Drewry online briefing at 0900 or 1600 BST on Thursday 6 May to hear our update on the container shipping market outlook and guidance on freight rates and carrier profitability. Hosted by Simon Heaney, Senior Manager, Container Research and Nilesh Tiwary, Manager, Drewry Maritime Financial Research.