ShippingWatch

Analysis: Shipping operating costs continue to rise

According to the annual statement from the British analyst firm, Moore Stephens, the crew costs in particular are one of the main factors contributing to the shipping companies’ rising operating costs.

Photo: Hanjin

The bad news is that the shipping companies’ costs continue to rise. The good news is that they are increasing at a slower rate than a few years ago, concludes the British analyst firm Moore Stephens in its latest annual statement of the operating costs within the global shipping industry, OpCost2012.

The statement covers the three segments of bulkers, tankers, and container ships. Put together, the costs increased with 2.1 percent in 2011 compared to an increase in costs of 2.2 percent in 2010. According to Moore Stephens, the crew costs in particular are contributing to the increasing numbers, seeing as the crew costs have risen with 3.3 percent.

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