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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Price of Maersk's new methanol ships drops

Maersk has just ordered six new methanol-powered container ships and now reveals that the added cost of building green ships compared to conventional ones is decreasing. Economies of scale, says equity analyst.

Esvagt pursues Taiwanese offshore wind

The Danish offshore service operator has located a possible partner on the island as a part of high hopes for the local offshore wind market. If successful, Esvagt could be ready to service wind at sea in the far east in a few years.

Further reading

Related articles

Latest news

See all jobs