ShippingWatch

Carriers expect rising costs in 2015 and 2016

With offshore noting the biggest rise in operating costs this, a complete different segment looks set to be hit next year, according to consulting firm Moore Stephens.

Leading shipowners in Europe and Asia have been asked about their expectations for the cost level of operating ships in the years to come. Responses in the survey show that operating costs are expected to increase by 2.8 percent in 2015 and 3.1 percent in 2016, reports consulting firm Moore Stephens, which conducted the survey.

The offshore sector has been hit by the biggest combined cost increases in 2015 of 3.4 percent, compared to 2.8 percent, which is the average projected overall increase in operating costs for the industry as a whole.

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