Moore Stephens Expects Vessel Operating Cost to Rise
Vessel operating costs are expected to rise by almost three per cent in both 2014 and 2015, according to a new survey by international accountant and shipping consultant Moore Stephens. The survey is based on responses from key players in the international shipping industry, predominantly shipowners and managers in Europe and Asia. Those responses revealed that vessel operating costs are expected to increase by 2.9 per cent in both 2014 and 2015, with crew wages and repairs & maintenance the cost categories likely to increase most significantly. Crew wages are expected to increase by 2.4 per cent in 2014 and by 2.6 per cent in 2015, with other crew costs thought likely to go up by 1.9 per cent and 2.1 per cent respectively for the years under review.
Coming your way, a 3% rise in Operating Costs
A new survey from Moore Stephens finds that vessel operating costs are expected to rise by more than 3% in both 2013 and 2014. While this news should not be unexpected it is nevertheless bad news for ship owners that continue to struggle with low freight rates and over capacity across several oceangoing sectors. In total the survey examined 10 main cost areas, summarized in charts one and two. Crew expenses, broken in two categories as ‘wages’ and ‘other’ by far dominated the cause of cost escalation, accounted for a 4.5% rise in 2013 and a projected 4.7% rise in 2014.
Vessel Operating Costs Expected to Rise 3%
Vessel operating costs are expected to rise by more than 3.0% in both 2013 and 2014, according to a new survey by international accountant and shipping consultant, and Maritime London member, Moore Stephens. The survey is based on responses from key players in the international shipping industry, predominantly shipowners and managers in Europe and Asia. Those responses revealed that vessel operating costs are expected to rise by 3.0% in 2013, and by 3.2% in 2014, with crew wages and P&I insurance likely to increase most significantly.
Survey: Ship Operating Costs to Rise 3-4%
A new survey from Moore Stephens finds that vessel operating costs are expected to rise by more than three% in both 2013 and 2014, unwelcome news to shipowners that continue to struggle with low freight rates and over capacity across the oceangoing sectors. The survey is based on responses from key players in the international shipping industry, predominantly shipowners and managers in Europe and Asia. Those responses revealed that vessel operating costs are expected to rise by three% in 2013, and by 3.2% in 2014, with crew wages and P&I insurance the cost categories likely to increase most significantly. Crew wages are expected to increase by 2.4% in 2013 and by 2.5% in 2014, with other crew costs thought likely to go up by 2.1% and 2.2% respectively for the years under review.
Belgian Navy Awards Contract to IXSEA
IXSEA announced the signing of a contract with the Belgian Navy to provide an integrated survey solution for their mine warfare data center (MWDC), the company announced in Paris on November 15. The purpose of the MWDC is to collect hydrographic data and to produce electronic and paper charts with additional military layers. IXSEA's integrated survey solution (ISS) will be used onboard minehunters for route survey, homeland security and REA (rapid environment assessment). The ISS includes state of the art imagery sensors : COTS IXSEA’s Synthetic Aperture Sonar (SHADOWS), IXSEA's new Gradiometer, Kongsberg’s Multibeam Echosounder, and IXSEA's GAPS, a positioning and motion sensor.
