Baltic Exchange launches new ship operating expenses assessment for gas carriers

Malcolm Latarche

Malcolm Latarche · 14 May 2020

ShipInsight


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

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

Tanker

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.

The Journal

Published every February the journal is now recognised as the highest quality publication that covers all aspects of maritime technology and regulation and a must read for the industry.

More Details