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Carriers forced to keep costs under control

Shipowners and operators were forced to keep costs at a minimum in 2013 as well, and to a certain extent they managed to do so, says Drewry.

Shipowners and operators were under sustained pressure in 2013 as well to keep ship operating costs at a minimum in a market characterized by weak freight rates.

Drewry Maritime Research's annual survey of Ship Operating Costs shows that operators were generally able to sustain a fairly low level of cost increases. Generally and depending on the individual segments, shipowners and operates managed to sustain a level of increases of around 1.0 to 2.5 percent.

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