154054_not-searchable
/en/transport-og-reiseliv/statistikker/kist/kvartal
154054
Cost of financing down
statistikk
2014-06-20T10:00:00.000Z
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, Q1 2014

Content

Published:

This is an archived release.

Go to latest release

Cost of financing down

In domestic sea transport, the finance component of capital costs fell by 7.6 per cent in the first quarter of 2014 compared to the same quarter of the previous year. Total costs increased by 2.2 per cent in the same period.

Cost indices for domestic sea transportPublished 20 June 2014
1st quarter 2014Per Cent Change
4th quarter 2013 - 1st quarter 20141st quarter 2013 - 1st quarter 2014
Total index117.10.32.2
Vessels
Ferries117.00.21.8
Small passenger boats118.00.32.6
Large passenger boats120.20.23.3
Criseships115.40.62.2
Tugs115.60.23.3
Other cargo ships118.20.32.3
Costs
Fuel158.8-1.91.8
Crew113.50.52.4
Repair and maintenance107.3-0.62.2
Administrative122.81.62.3
Other108.20.72.5
Capital costs - Depreciation106.00.72.9
Capital costs - Financing82.12.5-7.6

Source: Statistics Norway

At 82.1 in the first quarter of 2014, the sub-index for capital costs of financing is 7.6 per cent lower than in the first quarter of 2013 but 2.5 per cent above that of the fourth 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 1.87 per cent and 1.69 per cent in the first quarters of 2013 and 2014 respectively.

Increase in all other costs

Cost of crew went up by 2.4 per cent from the first quarter of 2013. Administrative costs increased by 2.3 per cent, the cost of fuel went up 1.8 per cent and repair and maintenance costs went up 2.2 per cent in the same period.