CONTAINERSHIP operating costs led the recession-driven cost plunge for most cargo ships - the first since 2002, according to a survey from the London-based consultancy Moore Stephens.
Moore Stephen said in an e-mailed report to Bloomberg that running costs in 2009 declined two per cent for every ship except for reefers, according to data taken this year from 2,550 vessels.
Containerships led the cost decline at 8.9 per cent to US$7,473 a day. Costs for very large crude carriers fell 1.5 per cent to $10,645 while iron ore carrying capesizes declined 2.7 per cent to $7,312.
The only cost increase was crewing, which was up the most in the history of the Moore Stephen survey that began in 2000.
"The period covered by the report embraces the very peak of the world wide economic recession," Moore Stephens partner Richard Grenier said in the report. "The effects of that can be seen in each of the cost categories."
Money spent on repairs and food and necessaries fell for all vessels with containerships enjoying the biggest decline, according to the report.
Moore Stephen said in an e-mailed report to Bloomberg that running costs in 2009 declined two per cent for every ship except for reefers, according to data taken this year from 2,550 vessels.
Containerships led the cost decline at 8.9 per cent to US$7,473 a day. Costs for very large crude carriers fell 1.5 per cent to $10,645 while iron ore carrying capesizes declined 2.7 per cent to $7,312.
The only cost increase was crewing, which was up the most in the history of the Moore Stephen survey that began in 2000.
"The period covered by the report embraces the very peak of the world wide economic recession," Moore Stephens partner Richard Grenier said in the report. "The effects of that can be seen in each of the cost categories."
Money spent on repairs and food and necessaries fell for all vessels with containerships enjoying the biggest decline, according to the report.
Source : HKSG, 04.10.10.
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