container ship transporting goods at sea

Ship operating costs rise on higher R&M, insurance spend

Ship operating costs inflation accelerated moderately in 2019 on higher repair & maintenance and insurance spend. Costs are expected to continue rising at a similar pace in 2020 on a hardening insurance market before receding in subsequent years.

many cars parked at port filling up half the space with cargo containers at the background

Car carrier shipping recovers but downsides remain

Car carrier shipping is expected to continue its slow recovery, supported by improving utilisation and minimal vessel ordering. However, costs are rising while the trade outlook is vulnerable to rising geopolitical risk.

perspective from deck of the ship looking out into the ocean on a clear day

Manning cost rise checked by easing shortage

Manning costs have risen moderately over the past 12 months, checked by easing officer supply shortage, and are forecast to rise at a similar pace over the next five years.

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