Ship operating costs rise on higher RandM and insurance spend.
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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