Cost index for domestic sea transport, Q2 2011

Despite the yearly sharp increase in fuel costs, the total cost index for domestic sea transport increased by only 7.0 per cent. The reason is that other costs increased significantly less than fuel. The sub-index for repair and maintenance costs had a slight decrease of 0.4 per cent, while the sub-index for other costs increased by 1.5 per cent compared with the same quarter last year.

Capital costs going up

The sub-index for capital costs of financing is based on 3-month nominal NIBOR from Norges Bank. This sub-index was at 110.4 in the 2nd quarter of 2011. This is an annual growth in the cost of financing of 7.8 per cent compared with the same quarter in 2010 and an increase of 1.3 compared to the 1st quarter of 2011.

Largest cost increase for large passenger vessels and tugs

Total costs for large passenger vessels had an increase of 8.0 per cent from the 2nd quarter of 2010 to the 2nd quarter of 2011. Towing/port towage saw costs increase by 7.8 per cent during the same period.

Tables:

• Table 1 Costindices domestic sea transport, 2nd. quarter 2011. 2nd quarter 2009=100