154060_not-searchable
/en/transport-og-reiseliv/statistikker/kist/kvartal
154060
Lower fuel costs in domestic sea transport
statistikk
2015-03-20T10:00:00.000Z
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, Q4 2014

Content

Published:

This is an archived release.

Go to latest release

Lower fuel costs in domestic sea transport

The cost of fuel fell by close to 16 per cent year-on-year in the 4th quarter of 2014. Total costs for operators of vessels in domestic sea transport went up by less than a half per cent.

Cost indices for domestic sea transportPublished 20 March 2015
4th quarter 2014Per Cent Change
3rd quarter 2014 - 4th quarter 20144th quarter 2013 - 4th quarter 2014
Total index116.3-1.5-0.4
Vessels
Ferries116.2-1.8-0.5
Small passenger boats117.2-1.7-0.4
Large passenger boats119.0-2.0-0.8
Criseships115.3-0.90.5
Tugs115.0-1.3-0.4
Other cargo ships116.5-2.0-1.2
Costs
Fuel136.6-10.8-15.6
Crew116.70.23.4
Repair and maintenance110.70.32.6
Administrative124.30.52.8
Other109.60.42.1
Capital costs - Depreciation108.21.42.8
Capital costs - Financing79.0-3.7-1.4

Source: Statistics Norway

The sub-index of fuel costs ended at 136.6 in the 4th quarter of 2014, representing a year-on-year fall of 15.6 per cent and a 10.8 per cent fall from the previous quarter. The index for total costs, covering all costs and all vessels in domestic sea transport, ended at 116.3 and is 0.4 per cent lower than 4th quarter one year ago.

Increase in most other costs

The sub-index for cost of crew ended at 116.7 in the 4th quarter of 2014 giving a year-on-year increase of 3.4 per cent and 0.2 per cent above that of previous quarter. Costs of repair and maintenance went up from same quarter of last year by 2.6 per cent to a sub-index level of 110.7, which is about the same as previous quarter. Change in administrative costs mirrored that of repair and maintenance with a year-on-year growth of 2.8 per cent to end at a sub-index level of 124.3, half a per cent above that of previous quarter.