How much does it cost for an ocean-going ship to sail in the deep sea for a day?

Many people?may?wonder, what is the daily cost of a giant?seagoing vessel?sailing in the deep ocean, continuously traveling between different countries and ports around the world? How does the shipowner?setting the budget?in an orderly manner??Let?me?tell you the answer.

First of all,?whether?for shipowners or charterers,?no ship can sail without oil. At present, the world's largest?transport?ships can carry more than 6,000 tons of low-sulfur heavy oil and more than 1,000 tons of low-sulfur light oil. If the price of fuel oil is USD800/MT, and the shipowner or charterer needs to prepare full fuel tanks for this type of transport?ship, it will cost about USD 5 million. The current cost of fuel oil?of?a standard Panamax ship is around?USD?1 million. Even so,?the fuel cost?of a ship only?accounts for?35-40% of the cost of a voyage.

Secondly,?if the ship wants to operate normally, it must have crew.?For?general?bulk cargo?carriers?in international routes, with chefs and waiters, there are about 20 crew members on a ship, so the daily living expenses and salaries of crew members are also a large amount of?expenditure.?Generally, it accounts for 18-20% of the operating cost of the voyage.

Finally, ocean-going ships have to call at docks and ports, which?results in?port?disbursement. Port?disbursement?refers?to the?various?payments?and charges?produced?by?the ship?which is operated by?shipping company?at the port of loading and?discharging. During the period when a ship enters?or leaves?or berths at a port,?the various fees to be paid for the use of port waters, waterways, berths, wharfs, buoys, anchorages, loading and discharging?and applying for various services provided by the relevant port agencies, such as pilotage, tugboat, etc., are collectively referred to as "port disbursement". It will generally?account for about 15-20% of the voyage cost.

In addition, of course, there are other?voyage?costs such as navigation, weather,?return?ship?inspection, warehouse clearance, security,?voyage?repair, ship parts supply costs (makes?up?about 5%), and so on, all of which constitute the basic consumption cost of a ship during its voyage.

But in fact, there is no way to accurately calculate the specific cost,?because the types of cargo are different, the situation of each port is different, and the ship type is different,?so there will be a lot of new items in the cost expenditure?that the shipowners or ship management companies?are not familiar with.

Sea transportation involves complicated costs and requires high timeliness of settlement

According to the listed ship operating costs, there are many links and subjects involved in the shipping industry, and the documents are complicated.?The transaction subjects in special periods have high requirements for?timeliness. The shipping business involves many links of circulation,?and the subjects involved in each flow link include: Shipper, consignee, carrier, shipping agent, international freight forwarder, port service provider, fuel oil supplier, customs broker, fleet warehouse, etc. Due to the various and complex links, subjects and documents involved in international shipping, personnel related to ship operation construct?their own ship operation service support system through the shipping?agency and freight forwarder?two major areas. Therefore, in the international shipping service, the two roles of freight forwarder and shipping agent assume the important responsibility of connecting the relationship between the consignor, the consignee and the shipping company, and respectively on behalf of?the import and export consignor and?consignee and the shipping company to conduct settlement.

Many?parties involved in shipping settlement, creating many disputes?and?problems hard to be?solved

At present, shipping settlement refers to the payment management based on various costs incurred by transport?ships. Since the ship, agent, charterer, shipper and?consignee?all have their own pain points and knowledge blind areas, disputes?are proned?to happen. Whether?online or offline services, the current shipping settlement services cannot completely meet the needs of the?parties?involved in?the?transaction?for settlement services.

Shipping industry boasts?a high degree of internationalization,?intensive capital and services. The international shipping market changes rapidly, so?the operation risks are relatively large. By establishing an integrated information system for shipping services and financial business, a complete and efficient global shipping information network can be formed to satisfy the real-time monitoring of shipping logistics, information flow and capital flow by transport?ship management personnel, which is an important link in the transformation and upgrading of traditional shipping to digitalization, informatization and intelligence. It?is also an important means to enhance?enterprise?core competitiveness.