2012 ship-operating costs up 2.1%

Consultants

Thursday, September 27, 2012

Total annual operating costs in the shipping industry increased by an average 2.1 percent in 2011 compared to 2.2 percent in 2010, according to the accountant and shipping consultant Moore Stephens. It said crew costs were the main reason for the overall increase in 2011, while the cost of insurance fell for the second year in a row. Moore Stephens partner Richard Greiner said his firm's OpCost 2012 report "contains both good and bad news for the shipping industry. The...

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