Impact of IMO 2023 regulation set to increase depreciation for shipowners

Foto: Maersk-Hapag Lloyd

According to Alphaliner, depreciation expenses for shipowners are rising as shippers are forced to shorten the expected lifespan of certain older ships ahead of tougher environmental regulations next year.

They also state that the depreciation costs of CMA CGM’s own ships increased USD 750 M, or 70%, in the first nine months of the year to a total of USD 1.19 billion, mainly due to the implementation of an accelerated depreciation profile for his own fleet.

Carriers will now have to mark shorter commercial lives for those older ships that do not meet the demands of the new IMO Carbon Intensity Indicator (CII) which comes into effect on January 1. The faster depreciation of assets will drive up expenses in the short term, Alphaliner reports.

According to them, Maersk and Hapag-Lloyd also reported higher combined depreciation, amortization and impairment expenses, up 38% year-on-year for both airlines at the nine-month stage, although Hapag-Lloyd attributed a large part of their increase to increased in medium-term chartered vessels at higher charter rates and a consequent increase in rights of use.

Source: Alphaliner

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