TABLE 6
FROM:
The Time Factor in Liner Shipping Services
Theo E Notteboom
BACK TO ARTICLETable 6. Operating costs of panamax and mega-post-panamax ships
| Panamax 4000 TEU | Mega-post-Panamax 10,000 TEU | |
|---|---|---|
| Manning1 | 850 | 850 |
| Repair and maintenance | 900 | 1,150 |
| Insurance | 800 | 1,700 |
| Stores and lupes | 250 | 350 |
| Administration | 175 | 175 |
| Fuel2 | 4,284 | 7,269 |
| Port charges | 2,000 | 3,000 |
| Total operating costs per annum | 9,259 | 14,494 |
| Total cost per slot per annum | 2,315 | 1,449 |
Notes: All costs are annualized and expressed in USD '000, except total cost per slot, which are actuals.
The calculations are based on a basic trans-Pacific service taking in direct calls in southeast Asia with six ships spending 30 days at sea and 12 days in port. Each ship completes 8.7 voyages per annum.
1Based on use of competitive international shipping register.
2Fuel consumption is based on 22.5 knot service speed which results in Panamax ship consuming 120 tpd at sea and 4 tpd in port and mega post-Panamax 180 tpd at sea and 6 tpd in port. Bunker prices are calculated at USD 135 per tonne.
Source: Drewry Shipping Consultants (2001)
