Nea's work set a baseline for costs in 2010. Using a range of sources it has worked out a forecast for developments under each cost heading during 2011. The main change is expected to be in fuel costs, which are predicted to rise by 6.4 per cent due to the general increase in fuel prices and the need to switch to low-sulphur gasoil. Labour costs are expected to rise by 1.7 per cent. Operators should benefit from lower interest rates and the Port of Rotterdam is also predicting a 2.0 per cent fall in port charges, based on a one-off discount of 3.0 per cent and a structural increase of 1.0 per cent.
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