213891_not-searchable
/en/transport-og-reiseliv/statistikker/kist/kvartal
213891
Lower total costs for all types of vessels in domestic sea transport
statistikk
2015-12-22T10:00:00.000Z
Transport and tourism
en
kist, Cost index for domestic sea transport, capital cost of financing, maintenance, fuel, depreciation, repair costs, cargo ships, cruise ships, ferries, passenger boats.Sea transport , Transport and tourism
false
The cost index for domestic sea transport shows the development in the costs for owners and operators of Norwegian vessels along the Norwegian coast.

Cost index for domestic sea transport, Q3 2015

Content

Published:

This is an archived release.

Go to latest release

Lower total costs for all types of vessels in domestic sea transport

The cost of fuel decreased by 9.6 per cent from the 2nd to the 3rd quarter of 2015. The cost of financing fell by 7.7 per cent. Total costs for operators of vessels in domestic sea transport went down by about 1.7 per cent.

Cost indices for domestic sea transportPublished 22 December 2015
3rd quarter 2015Per Cent Change
2nd quarter 2015 - 3rd quarter 20153rd quarter 2014 - 3rd quarter 2015
Total index113.4-1.7-4.0
Vessels
Ferries113.1-1.7-4.4
Small passenger boats114.3-1.7-4.1
Large passenger boats115.8-1.8-4.6
Criseships113.8-1.0-2.2
Tugs112.4-2.2-3.5
Other cargo ships112.2-2.4-5.6
Costs
Fuel113.5-9.6-25.9
Crew118.10.41.4
Repair and maintenance113.8-0.33.1
Administrative125.20.11.2
Other111.40.42.0
Capital costs - Depreciation107.70.30.9
Capital costs - Financing68.6-7.7-16.3

Source: Statistics Norway

The sub-index of fuel costs ended at 113.5 in the 3rd quarter of 2015. The sub-index had a year-on-year decrease of 25.9 per cent. The index for total costs, which covers all costs and all vessels in domestic sea transport, ended at 113.4, and is 1.7 per cent lower than in the 2nd quarter of the year.

Decrease in the total costs for all vessels

The sub-indices for all types of vessels decreased in the 3rd quarter of 2015 compared to the previous quarter. Other cargo ships experienced the relatively largest fall among the different types of vessels, decreasing by 2.4 per cent. The year-on-year cost for this type of vessel fell year-on-year by 5.6 per cent.

Significantly lower financing costs

Financing costs ended at 68.6 in the 3rd quarter of 2015. The sub-index fell by 7.7 per cent compared to the 2nd quarter of the year. On a year-on-year basis, the financing costs for operators of vessels in domestic sea transport have fallen sharply, by 16.3 per cent. The financing sub-index is based on the Norwegian Interbank Offered Rate, which reflects the cost of borrowing for Norwegian banks in the domestic market.

Quarterly decrease in the costs of repair and maintenance

The sub-index for repair and maintenance ended at 113.8 in the 3rd quarter of 2015. This represents a fall of 0.3 per cent compared to the 2nd quarter of the year, and a year-on-year rise of 3.1 per cent.

The sub-index for administrative costs ended at 125.2 in the 3rd quarter of 2015, which is a year-on-year rise of 1.2 per cent and a decrease of 0.1 per cent compared to the previous quarter.