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Time-charter ships far more expensive in fuel

The time-charter vessels used by carriers use consume much more bunker than the ships that form part of the carriers' standard owned fleets, according to new analysis.

Photo: Hapag-Lloyd

Many container carriers build their business on operating owned as well as time-chartered ships, but the time-charter vessels are far more expensive for the carriers's business than the ships they own, according to a benchmark analysis of the container industry performed by the Boston Consulting Group (BCG) in 2013. The analysis covers data from 17 different container ship owners, including eight of the 20 biggest container carriers in the world.

The study shows a significant difference between the two types of container ships. An analysis of ships in the 8,000 to 9,999 teu range on the Asia-Europe tradelane shows that the time-chartered container ship that performed worst consumes 29 percent more bunker than the non-chartered container ship that performed best in the survey.

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