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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

COVID-19 drives up ship operating costs

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.

Fedespedi and Drewry to collaborate in forwarder freight rate benchmarking

Italian forwarder association Fedespedi has entered into a collaborative agreement with Drewry to raise awareness of Drewry’s Forwarder Benchmarking Club amongst its freight forwarder membership.

Drewry launches exclusive membership Club as part of 50th year celebrations

As part of celebrations to mark our 50th anniversary, we have introduced an invitation only membership club for our advisory clients and long-standing subscribers of our maritime research services.

Drewry highlights transformation of rate conditions in transpacific container shipping

Unprecedented transpacific spot freight rates signal that a transformation of the container shipping sector may be underway and that shippers need to adapt.

Events

Ship Operating Costs Trends Briefing

Join us at 0900 GMT or 1600 GMT on Tues, 2 February 2021 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 47 different ship types and sizes across all the main cargo shipping markets, as well as several niche segments such as multipurpose and car carriers.

Container Equipment Market Outlook

Join us for a FREE Drewry online briefing at 0900 or 1600 BST on Tuesday 9 February 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.

Intermodal Asia 2021

Tim Power to discuss the global overview of the container shipping market.