Domestic shipping cost burden from higher dry-dock expenses and charter hire
First written in FY2023-Q2. 6 of 9 entries say "Worsened", first in FY2023. Latest entry: FY2027-H1.
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- FY2027-H1WorsenedAnnual report
「On the cost side, the burden of operating costs increased due to revisions to fixed-term charter fees, persistently high fuel costs and other factors.」
Revisions to time-charter hire and persistently high fuel costs increased the operating cost burden on the domestic shipping business and became factors depressing operating profit. - FY2026WorsenedAnnual report
「Operating efficiency declined as steel products, the main cargo transported, were affected by stagnant domestic demand. In addition, persistently high fuel expenses and higher vessel maintenance fees caused operating profit to remain sluggish.」
Persistently high fuel costs and continued increases in vessel maintenance fees, seafarer and chartering costs, and other expenses materialized as a significant decline in operating profit from domestic shipping. - FY2026-H1WorsenedAnnual report
「Although revenue was maintained at approximately the same level as in the same period of the previous year, chartering expenses and fuel costs also increased, resulting in a year-on-year decline in operating profit.」
Higher fuel and chartering costs emerged as a decline in operating profit in the domestic shipping business, and the burden of operating costs continues. - FY2025WorsenedAnnual report
「In addition, operating costs have continued to rise year after year due to persistently high marine fuel oil prices, expenses related to improving working conditions to secure seafarers, higher chartering costs essential for maintaining the fleet, and higher new-vessel construction and dry-dock expenses.」
Increases in fuel oil, seafarer labor costs, chartering costs, new-vessel construction costs and dry-dock expenses were presented in parallel, indicating a higher cost burden on the domestic shipping business. - FY2024WorsenedAnnual report
「In addition, operating costs have continued to rise year after year due to persistently high marine fuel oil prices, expenses related to improving working conditions to secure seafarers, higher chartering costs essential for maintaining the fleet, and higher new-vessel construction and dry-dock expenses.」
In addition to fuel oil, seafarer labor costs and chartering costs, higher new-vessel construction and dry-dock expenses were identified, increasing the domestic shipping cost burden. - FY2024-Q3RestatedAnnual report
「Meanwhile, in addition to higher operating costs, including persistently high fuel oil prices, administrative expenses also increased, but」
The burden of operating costs from persistently high fuel oil prices and higher administrative expenses continues. quantified is false, and materialized is true. - FY2023WorsenedAnnual report
「In the domestic shipping business, persistently high marine fuel oil prices, together with higher hull dry-dock expenses essential for maintaining safe operations and higher new-vessel construction costs, are putting pressure on earnings.」
In addition to fuel oil prices, higher hull dry-dock expenses and new-vessel construction costs were identified, increasing the domestic shipping business’s cost burden risk. - FY2023-Q3RestatedAnnual report
「In addition to higher operating costs, including increased charter hire and persistently high fuel oil prices, administrative expenses also rose, resulting in a 6.1% year-on-year decline in operating profit to ¥191 million.」
Although there is no new disclosure regarding dry-dock expenses, the domestic shipping business continues to bear higher costs due to upward revisions to charter hire paid and persistently high fuel oil prices. - FY2023-Q2First statedAnnual report
「In the domestic shipping business, tonnage handled increased, but higher costs continued, including elevated marine fuel prices, higher dock expenses and upward revisions to charter hire payments.」
Separately from fuel oil prices, higher dry-dock expenses and upward revisions to charter hire paid were identified for the first time as ongoing cost burdens on the domestic shipping business.