02.10.2023 By: Patricia Büeler
Artikel Nummer: 46663
Shippers face 29% inflation in 2023
According to Sea Intelligence, cost inflation in the shipping industry in 2023 remains high at 29% compared to pre-pandemic levels. Hapag-Lloyd's financial data serves as a market proxy for this assessment.
Cost inflation reached its peak in Q3/2022 at 64%. Carriers have since managed to reduce it to 29%. Different cost components have been impacted to varying degrees. Personnel costs, while up by 51% since the pandemic, account for only 7% of total operating expenses.
Conversely, handling and haulage costs, making up 37% of expenses, have increased by 11.2% since 2019. Vessel-related costs, constituting 30% of total expenses, rose by 38.9%, with a smaller decrease from the peak at -16.2%. (pb)