Baltic Exchange launches new ship operating expenses assessment for LNG and LPG tankers

May 14 2020


The Baltic Exchange has added quarterly assessments (GOPEX) on the cost of operating LNG and LPG tankers to its growing suite of shipping investor tools.

Data will be provided by leading independent third-party ship management companies Anglo-Eastern and AEX LNG Management, Fleet Management and V-Group. 

 

The Baltic Exchange's latest offering follows benchmarking that also covers vessel earnings.

 

Baltic Exchange Chief Executive Mark Jackson said:

"Adding OPEX indices for gas carriers brings transparency to the marketplace about how much it costs to run an LNG or LPG carrier and complements our data for the spot earnings of these vessels. They assist investors assess health of earnings using independent and reliable information from a credible provider of benchmarks for the shipping industry.”

 

All values are expressed in USD per day and the published OPEX value is the sum of crew, technical, insurance and fees.  Drydock costs do not contribute to the OPEX, but are published for both LNG and LPG vessels.

 

Baltic Operating Expense Index Gas GOPEX $/day

LNG Carrier Operating Expense Index LNGOPEX $/day

LNG Carrier Crew Cost LNGCC $/day

LNG Carrier Technical Cost LNGTC $/day

LNG Carrier Insurance Cost LNGIC $/day

LNG Carrier Dry Dock Cost LNGDC $/day

 

LPG Carrier Operating Expense Index LPGOPEX $/day

LPG Carrier Crew Cost LPGCC $/day

LPG Carrier Technical Cost LPGTC $/day

LPG Carrier Insurance Cost LPGIC $/day

LPG Carrier Dry Dock Cost LPGDC $/day

 



Related News

New OPEX assessments for tankers

(Apr 30 2020)

The Baltic Exchange has added quarterly assessments of the cost of operating crude oil carrying Aframax tankers and clean product carrying Medium Range (MR) tankers to its growing suite of shipping investor tools.



DNV GL approves Nautisk offering

(Mar 31 2014)

Global chart distributor Nautisk has gained DNV approval for its Neptune pay as you sail (PAYS) solution.



Maersk Tankers in pilot projects to save cash

(Oct 20 2013)

To try to help try to reduce costs in a dire market for large tankers, Maersk Tankers recently took the decision to layup two VLCCs and upgrade a 2012-built VLCC.



Inmarsat’s Global Xpress to revolutionise satcoms

(Oct 14 2013)

Shipowners and managers can achieve 10% operational savings if they focus on the value of satellite communications rather than on cost.



Aerofoil technology is alive and well

(Aug 31 2013)

Are we heading back to the future? Aerofoil sail trials on a large bulk carrier have shown significant fuel savings are possible.*



October 2020

Seafarer morale and safety - Neste and vessel performance - Maersk''s ZeroNorth