Cruise Ship Daily Operating Costs

Moore Stephens OpCost 2017.

Cruise ship daily operating costs. Other ship operating expenses comprising 48 of total operating costs include payroll food and fuel costs repair and maintenance fixed port costs lease costs and costs related to insurance. Carnival operating expenses for the twelve months ending May 31 2021 were 7256B a 6252 decline year-over-year. While time is always a factor and for cruise ships most ports charge in 24 hour blocks some charge by gross tonnage of a vessel others by LOA overall length.

The cost to run and operate a cruise ship line is about US5 billion dollars. Bernstein said that using 2019 numbers if the company had its top 25 ships operating at full occupancy they would generate enough cash flow to cover the pause costs of 60 to 65 other ships Full occupancy will take time however as Arnold Donald CEO said that initial sailings from the UK would start at modest occupancy levels. 30 HB Fixed Costs ie.

Generally speaking the faster a cruise ship goes the more fuel it burns. Power is measured in horsepower traditionally - one horsepower equals 746 watts. Capital costs- depend on the way the ship has been financed.

Since this is a provision rather than a cash item it is better treated separately from operating costs. Canada currently bans large cruise ships from sailing on its waters until the end of February 2022. Overall the cost of new regulation was identified as the most influential factor likely to affect operating costs over the next 12 months at 23 up from equal third place at 15 last year.

Ship expenses crew expenses insurance depreciation overhead 31 Operation Days 32 33 HB per TEU was used. Dollars in 2020 while they added up to roughly 166 billion US. Detailed in the latest Ship Operating Costs Annual Review and Forecast 202021 report published Drewry they estimated a 45 percent jump.

Here is a breakdown of the estimated 2021 average cruise revenue and expense per passenger per day for all cruise lines world wide. Operating costs Container ship OpCost 2017 Daily Rate US Year on year change Feedermax 100-1000 TEU 4372 -09 Container Ship 1000-2000 TEU 5172 00 Main Liner 2000-6000 TEU 6830 -06 Weighted average-06 Source. Carnival Corporation plc the worlds largest cruise company suffered a multibillion-dollar loss in the quarter ended May 31 2020 due to the suspension of cruise operations related to COVID-19.