ShippingWatch

Moore Stephens: Ship costs will increase by 3 percent

According to a survey performed by analysts Moore Stephens, the costs related to operating a ship will increase by 3 percent over the next two years.

Photo: Maersk Line

Based on answers from a a series of key persons in international shipping, Moore Stephens concludes in a new report that the prices related to operating a ship this year are expected to increase by 3 percent, while the year after that will see the costs of operating a ship grow by 3.2 percent.

According to the survey, crew-related salary costs are expected to grow by 2.4 percent this year and 2.5 percent next year, while other salary costs are generally estimated to increase by 2.1 and 2.2 percent, says the Moore Stephens report.

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