On maritime transport costs, evolution, and forecast

  • Gerardo Polo Escuela Técnica Superior de Ingenieros Navales. Universidad Politécnica de Madrid. Madrid, España.

Abstract

During recent years of economic euphoria, globalization, motor of development, has been possible due to the existence of a fast, efficient, and economic maritime transport. The technological development based on scale economies, improvement of cargo-handling systems, and specialization has allowed putting on the market vessels with very competitive costs. In these years of a bright freight market, increased costs seemed not to be of much concern, so that the problem was not approached with the necessary firmness. Nowadays, things have changed: freight rates have sunk, prices of ships have fallen, and the crisis has reached ship owners. The costs, nevertheless, are still rising, with the exception of 2009 in which, for the first time in ten years, costs of operations were sensibly reduced. In the paper, the evolution of the main components of the costs of the maritime transport are analyzed, studying the current situation of such, as well as the forecasts for the near future.

Downloads

Download data is not yet available.

References

BRAEMAR SEASCOPE. Market Information, Jan 2011.

C. R. WEBER. The Weber Report, Jan 2011.

COMPASS. Compass Weekly Report, Oct 2007.

COTZIAS. Economic Outlook Dec 2010.

DANISH SHIP FINANCE. Shippping Market Review, Oct 2010.

DREWRY. Ship Operating Costs 2009‐2010.

MOORE STEPHENS. Op Cost 2010 Report and other previous Reports.

STOPFORD. A year of decisions for shipping - How will the markets develop?, FT Deutchland Ship Finance Conference, Hamburg, Sep 2010.

G. POLO. Capital Costs vs. Cash Flow: Keys to a better understanding of the freight market, Infomarine, No. 190, October 2011

Published
2012-01-09
How to Cite
Polo, G. (2012). On maritime transport costs, evolution, and forecast. Ciencia Y tecnología De Buques, 5(10), 19-31. https://doi.org/10.25043/19098642.57
Section
Scientific and Technological Research Articles