Moore Stephens Focuses on Running Costs

Friday, November 30, 2001
Moore Stephens says shipowners have seen crew costs rise slightly and insurance costs fall dramatically over the past year. Moore Stephens' OpCost 2001 report shows handysize bulk carrier crew costs up 6.9 percent, while insurance costs for the same ships fell 18 percent. Richard Greiner, director of research for Moore Stephens, says, "This is our second OpCost report, and it gives a very clear picture of how much shipowners and managers are spending, and where their money is going. The database of vessels we have used to mine this information has doubled this year, and we have been able to break down the costs into twelve categories, up from five last year."

OpCost is a vessel operating cost benchmarking tool exclusive to Moore Stephens. It allows owners, managers, lawyers and financiers to benchmark vessel-operating costs against a sample of actual vessels operating worldwide. Data is available for four size categories of bulk carriers, six sizes of tanker, dry cargo ships, container vessels, reefers and Ro/Ros. Average operating costs for the samples are broken down into crew wages, provisions, crew and medical expenses, lube oil, stores, spares, repairs and maintenance, P&I and marine insurance, registration fees, management fees and sundries. Moore Stephens is offering shipowners who are prepared to include their vessels in the project a forty percent discount on the cost of the annual report.

Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Dool to Serve as Chair of SLSMC Board

The St. Lawrence Seaway Management Corporation (SLSMC) announced that Tim Dool has been named as Chair of the Board of Directors, effective September 1. Dool was

Bollore First Half Boosted by Transport, Advertising Unit

French industrial group Bollore said first-half operating income rose 11 percent to 314 million euro because of strength at its transport business and advertising agency Havas,

Scrap Metal Exporter Pens Terminal Agreement

Port Canaveral Scrap Terminal LLC (PCST), a bulk ferrous scrap exporter, has signed a lease with the Canaveral Port Authority to operate a terminal in the north cargo area at Port Canaveral.

Finance

Bollore First Half Boosted by Transport, Advertising Unit

French industrial group Bollore said first-half operating income rose 11 percent to 314 million euro because of strength at its transport business and advertising agency Havas,

CMA CGM Continues Expansion, Confirms Profits

The Board of Directors of CMA CGM Group, the world’s third largest container shipping company, met under the chairmanship of Jacques R. Saadé, Chairman and Chief Executive Officer,

Odfjell Drilling in Tighter 2Q North Sea Market

Odfjell Drilling reports second quarter 2014 financial results showing a profit of US$29-million. Profit & loss Q2 2014 Operating revenue for Q2 2014 was USD 272 million (USD 289 million),

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Ship Electronics Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1378 sec (7 req/sec)