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Costs for Shipping Down

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Total annual operating costs in the shipping industry fell by an average of 0.8 percent in 2014, according to Moore Stephens. This compares with the 0.3 percent average fall in costs recorded for 2013. All categories of expenditure were down on those for the previous 12-month period, confirming that shipowners and operators continued to manage costs sensibly and to watch their cash carefully in 2014. The findings are set out in OpCost 2015, Moore Stephens’ unique ship operating costs benchmarking tool, which reveals that total operating costs for the tanker, bulker and container ship sectors were all down in 2014.

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