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/en/transport-og-reiseliv/statistikker/kist/kvartal
116368
Drop in capital costs
statistikk
2014-03-28T10:00:00.000Z
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, Q4 2013

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Drop in capital costs

Interest rates caused capital costs to fall by 9.9 per cent in the 4th quarter of 2013 compared to the same quarter of the previous year. However, the total cost index for domestic sea transport increased by 2.2 per cent in the period.

Cost indices for domestic sea transportPublished 28 March 2014
4th quarter 2013Per Cent Change
3rd quarter 2013 - 4th quarter 20134th quarter 2012 - 4th quarter 2013
Total index116.80.72.2
Vessels
Ferries116.80.71.7
Small passenger boats117.70.72.5
Large passenger boats120.00.83.1
Criseships114.70.42.2
Tugs115.40.73.5
Other cargo ships117.90.82.2
Costs
Fuel161.91.63.2
Crew112.90.51.9
Repair and maintenance107.91.02.3
Administrative120.9-0.33.3
Other107.40.52.3
Capital costs - Depreciation105.30.62.9
Capital costs - Financing80.10.0-9.9

Source: Statistics Norway

The sub-index for capital costs of financing was 80.1 in the 4th quarter of 2013.This is 9.9 lower than the same period in 2012 but unchanged from the 3rd quarter of 2013. This sub-index is based on the 3-month nominal NIBOR from Norges Bank (Norwegian money market rate). The average three-month nominal NIBOR was 1.90 per cent and 1.67 per cent in the 4th quarter of 2012 and 2013 respectively.

Increase in all other costs

The sub-index of administrative costs was at 120.9 in the 4th quarter in 2013; an increase of 3.3 per cent from the 4th quarter of 2012. The sub-index of fuel costs was at 161.9 in the 4th quarter of 2013; up 3.2 per cent from same quarter in 2012. The sub-index of repair and maintenance at 107.9 was up 1.0 per cent in the same period.