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/en/transport-og-reiseliv/statistikker/kist/kvartal
154056
Increase in capital costs
statistikk
2014-09-23T10:00:00.000Z
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, Q2 2014

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Increase in capital costs

In domestic sea transport, capital costs increased by 2.2 per cent in the second quarter of 2014 compared to the same quarter of 2013. Total costs increased by 2.9 per cent in the same period.

Cost indices for domestic sea transportPublished 23 September 2014
2nd quarter 2014Per Cent Change
1st quarter 2014 - 2nd quarter 20142nd quarter 2013 - 2nd quarter 2014
Total index117.30.22.9
Vessels
Ferries117.20.22.5
Small passenger boats118.10.13.1
Large passenger boats120.20.03.8
Criseships115.50.12.5
Tugs116.10.43.5
Other cargo ships118.40.23.4
Costs
Fuel153.9-3.13.7
Crew114.40.82.4
Repair and maintenance109.72.23.4
Administrative122.1-0.62.1
Other108.60.41.9
Capital costs - Depreciation106.00.01.5
Capital costs - Financing84.52.92.2

Source: Statistics Norway

At 84.5 in the second quarter of 2014, the sub-index for capital costs is also 2.9 per cent higher than that of the first quarter of 2014. 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 1.77 per cent and 1.79 per cent in the 2nd quarter of 2013 and 2014 respectively.

Cost of crew went up by 2.4 per cent from the second quarter of 2013. Administrative costs increased by 2.1 per cent, fuel costs increased by 3.7 per cent, and repair and maintenance costs went up 3.4 per cent in the same period.