Price index for sea transport, Q2 2008

Within sea transport overall prices increased from the fist quarter, and the main index is now at 130.3. This is an increase of 4 per cent from the first quarter of 2008 and 8 per cent from the second quarter of 2007. The second quarter of 2007 presented a record level for the index of tugs and offshore supply and prices here have been steadily declining since then. Prices in this sub index are now at the same level as they were in the latter half of 2006.

Domestic freight transport prices keeps growing

Domestic freight transport still exhibit increasing prices and the index was at 149.5by the second quarter of 2008. Compared with the second quarter of 2007 prices have increased by 29 per cent. This makes the sub index for domestic freight transport the sub index with the strongest growth since 2006. In scheduled long distance inland transport, the growth has been slow and steady.. From the first quarter of 200t, the index has risen by 4 per cent. From last quarter the growth has been 2 per cent.

Dry bulk freight prices back up

The sharp fall in prices observed for dry bulk in the first quarter has now been reversed and the index is back at the level of fourth quarter 2007. Compared with the second quarter of 2007 prices have gone up by 40 per cent.

The three remaining sub indices of ocean transport all showed reduction from the first to the second quarter of 2007. Crude oil and oil products, however, remained on its trend with slight quarterly growth that started after the low point of third quarter 2007.

Tables:

• Table 1 Sea and coastal water transport, price index 1. quarter 2006-1. quarter 2008, by NACE. 2006=100
• Table 2 Sea and coastal water transport, price index 1. quarter 2006-4. quarter 2007. Sub-indices on ocean transport. 2006=100