manning cost

drewry

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.

drewry

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.