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Fuel costs rise again
statistikk
2016-12-22T08:00:00.000Z
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 2016

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Fuel costs rise again

The cost of fuel increased by 10.3 per cent in the 3rd quarter of 2016 compared to the previous quarter. The total cost index for operators of vessels in domestic sea transport went up by about 2.2 per cent.

Cost indices for domestic sea transportPublished 22 December 2016
3rd quarter 2016Per Cent Change
2nd quarter 2016 - 3rd quarter 20163rd quarter 2015 - 3rd quarter 2016
Total index115.62.21.9
Vessels
Ferries115.22.21.9
Small passenger boats116.62.22.0
Large passenger boats118.22.42.1
Cruiseships116.31.72.2
Tugs114.22.11.6
Other cargo ships114.12.41.7
Costs
Fuel113.110.3-0.4
Crew120.70.82.2
Repair and maintenance116.4-0.32.3
Administrative125.90.60.6
Other115.80.94.0
Capital costs - Depreciation110.3-0.32.4
Capital costs - Financing60.21.4-12.2

Source: Statistics Norway

The sub-index of fuel costs ended at 113.1 in the 3rd quarter of 2016. Despite rising the previous two quarters, the sub-index of fuel costs still decreased by 0.4 per cent compared to the same quarter last year.

Higher total costs for all vessels

The sub-indices for all types of vessels increased in the 3rd quarter of 2016 compared to the previous quarter. Large passenger boats experienced the relatively largest rise among the different types of vessels, increasing by 2.4 per cent. Compared to the 3rd quarter of 2015, the sub-index of large passenger boats decreased by 2.1 per cent. 

The cost of crew rises

The sub-index for crew costs ended at 120.7 in the 3rd quarter of 2016, an increase of 0.8 per cent compared to the 2nd quarter of 2016. Over the last 12-month period, the cost of crew for operators of vessels in domestic sea transport has risen by 2.2 per cent. 

The sub-index for finance costs ended at 60.2 in the 3rd quarter of 2016, which is a year-on-year fall of 12.2 per cent and an increase of 1.4 per cent compared to the previous quarter.