Moore Stephens

All cost types contribute to ship operating costs decline for sixth successive year

Richard Greiner

International accountant and shipping consultant Moore Stephens says total annual operating costs in the shipping industry fell by 1.3% in 2017. This compares with the 1.1% average fall in costs recorded for 2016. For the third successive year, all categories of expenditure in 2017 were down on those for the previous 12-month period, most notably for insurance costs and stores.

The findings are set out in OpCost 2018 (www.opcostonline.com), Moore Stephens’ unique ship operating...

http://www.allaboutshipping.co.uk/2018/09/28/all-cost-types-contribute-to-ship-operating-costs-decline-for-sixth-successive-year/

Shipping confidence slightly down due to trade war

Shipping confidence decreased very slightly in the three months to end-August 2018, according to Moore Stephens’ latest Confidence Survey. The respondents expressed an average confidence level reduced to 6.3 out of a maximum possible score of 10.0.

On the other hand, owners’ confidence increased from 6.6 to 6.8, while an overall rating for all respondents reached of 6.8 out of 10.0.

Charterers’ confidence also increased from 6.7 to 7.0, the highest level for nine months. The rating for managers,...

https://safety4sea.com/shipping-confidence-slightly-down-due-to-trade-war/

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