Cost index for domestic sea transport, Q1 2012

The sub-index for capital costs of financing is based on 3-month nominal NIBOR from Norges Bank. This sub-index was 109.7 in the 1st quarter of 2012. The sub-index for capital depreciation was 101.7 in the same period, a slight increase of 0.4 per cent from the previous quarter and 1.2 per cent higher than the same period in 2011.

Increase in the total index

The total cost index for domestic sea transport was 114.7 in the 1st quarter of 2012. This is an increase of only 1.1 per cent from the previous quarter and 4.6 per cent from the1st quarter of 2011.The sub-index for fuel costs increased by 6.3 per cent compared to the previous quarter, while repair and maintenance costs as well as crew costs both increased by only 0.7 per cent during the same period. Administrative costs increased by 3.3 per cent and other costs by 0.6 per cent during the same period.

Largest cost increase for other cargo ships

Total costs for other cargo ships sub-index was 117.2 in the 1st quarter of 2012. This represents an increase of 5.6 per cent compared to the 1st quarter of 2011. The sub-index for total cost for tow vessels was 112.9 in the 1st quarter of 2012. This figure represents an increase of 2.8 per cent compared to the same period last year.

Tables:

• Table 1 Costindices domestic sea transport, 1st. quarter 2012. 2nd quarter 2009=100