There was an article in today’s telegraph saying the costs of shipping a container from the Far East to Rotterdam had tripled in the past few months due to rising fuel costs (ships are also slowing down).
Anyone know what the current rate for a container is?
By: frankvw - 14th July 2008 at 11:26
Plus, the cost cutting measures like the plank & the sharks aren’t applied anymore 😉
By: Neptune - 14th July 2008 at 11:21
Oh, I forgot the main problem. Crew costs, those have about tripled by now. Amount of people stays the same, but the cost of keeping them has gone up a LOT. It’s just a ****ty job when you look at it. So now they’ve increased wages, time after time after time. Responsabilities are just too big nowadays and payment didn’t really take that in account until very recently. Contracts times for crew have also decreased. The philipino guys used to have contracts of 9-10 months onboard, now that decreased to 6 months. (and that’s a good thing for sure). Also for officers the times have decreased from 5 to 4 or 3 months. This all together causes a LOT more plane tickets to be booked, a lot more hotels to be paid etc. All together that’s a lot of extra money they are paying just to keep the same amount of ships crewed. And of course everybody is building ships like it’s nothing nowadays, finding and paying the crews for these is heavily underestimated…
By: PMN1 - 11th July 2008 at 12:09
Thanks for that.
By: Neptune - 9th July 2008 at 14:34
Should be around 4,000USD from Europe to Panama. Handling etc included will rapidly go to around 7,000 USD. Previously indeed a rate of 1,000 was about regular. Costs for fuel have about doubled in the last 5 years. The biggest container ships, Emma Maersk etc. use around 375t of fuel every day. Depending on how much fridge capacity they need etc. Big tankers and LNG’s are about 130t (LNG’s of course depend on Gas-Gas, Fuel-Fuel or Fuel-Gas) a day and smaller stuff goes around 50t. Depends from ship to ship of course. Rate of HFO is a bit over 500 USD per ton, while MDO is about double that. While about 5 years ago the MDO was still a little over 500 and HFO half that. Also depends where you take the HFO. Gulf vs. Europe is very different. Gulf is a little more expensive, but better quality.
Slowing down of ships, haven’t seen that happen and I doubt it will happen too. Depends of course on growth, I think they have too many container ships for now, so they can slow down and add a ship to one line. Slowing down gives a LOT less consumption.
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July 7, 2008 at 10:06 pm