Ship operating costs rise on higher RandM and insurance spend.

 
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Underlying vessel operating cost inflation accelerated moderately in 2019 on higher repair and maintenance and insurance spend, while looking ahead costs are expected to continue rising at a similar pace in 2020 on a hardening insurance market before receding in subsequent years, according to the latest Ship Operating Costs Annual Review and Forecast 2019/20 report published by global shipping consultancy Drewry.

Costs rose for a third consecutive...

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