Ship Operating Costs Set to Rise in 2018 and 2019

Ship Operating Costs Set to Rise in 2018 and 2019

October 26, 2018 —World Maritime News

Total vessel operating costs in the shipping industry are expected to rise by 2.7% in 2018 and by 3.1% in 2019, according to a a survey by Moore Stephens. Namely, drydocking is the cost category likely to increase most significantly in both 2018 and 2019, by 2.1% and 2.3% respectively, while expenditure on repairs and maintenance is to rise by 2.0% in 2018 and by 2.3% in 2019.

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