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
Photo: Hapag-Lloyd
BY LOUISE VOGDRUP-SCHMIDT

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.

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