Tag: operating cost

The total operating costs for the tanker, bulker and container ship sectors were all down in 2016, according to Moore Stephens' OpCost 2017 report. On a year-on-year basis, the tanker index was down by 3 points, or 1.7%, the bulker index also fell by 3 points, or 1.9% and the container ship index was down by 1 point, or 0.6%.

Satellite communications provider NSSLGlobal announced the launch of FusionIP service, combining VSAT and cellular connectivity within the same device. The device aims to allow ships to automatically switch between 4G/3G and satellite networks, saving costs.

Based on a joint industry project, DNV GL is now launching a globally applicable recommended practice, addressing how oil and gas operators, together with system integrators and vendors, can manage the emerging cyber threat.

International Container Terminal Services and Dredging International have signed a Memorandum of Understanding to co-operate in the further deepening of the Congo River. The consortium, with DRC Government support, foresees gradual deepening of the river to an eventual depth of 40ft and beyond.

The STM Validation project has made the first operational tests with the shore centre manufacturers. The standardised information exchange mechanism makes it possible for actors to connect seamlessly at the first attempt and without any discussions on formats, interfaces or communications means.

Shipping confidence held steady in the three months to end-February 2017, Moore Stephens' latest Shipping Confidence Survey shows. Specifically, the average confidence level expressed by respondents was 5.6 out of 10.0, unchanged from the previous survey in November 2016 and equal to the highest rating since August 2015.

2016 was another very difficult year for most shipowners and operators. Drewry shipping consultancy says that the cost of operating cargo ships has fallen for two successive years but is forecast to rise in 2017 and beyond.

Vessel operating costs are expected to rise in both 2016 and 2017, according to the latest survey by international accountant and shipping consultant Moore Stephens. Repairs and maintenance and spares are the cost categories which are likely to increase most significantly in each of the two years.

Moore Stephens has said that total annual operating costs in the shipping industry fell by an average of 2.4% in 2015. This compares with the 0.8% average fall in costs recorded for 2014, and is the fourth successive overall year-on-year reduction in such costs.