SHIP operating expenses have been much reduced because of a carrier focus on cost cutting in 2012, according to the findings of "OpCost 2013" from accountant and shipping consultancy Moore Stephens.
"OpCost 2013" shows that total operating costs for the three main tonnage sectors - bulkers, tankers and containerships - were all down in 2012, said Moore Stephens.
The containership cost index was down three index points, or 1.8 per cent against last year's five point increases. The bulker index was down by seven points, or 3.9 per cent, on year-on-year basis, while tanker index fell five points, or three per cent. The year before showed both bulker and tanker indices were up three points, according to the Shipping Gazette.
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