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Ship Operating Costs Report 2020/21 - Now available
Nov 2020: Ship Operating Costs Annual Review and Forecast 2020/21 is now available to purchase online.
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Market Research
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Ship operations and management
Latest update: 15 Mar 2021
Shipowner opex remains hostage to rising marine insurance costs
Vessel operating costs are expected to continue rising on a hardening marine insurance market, as conclusion of the P&I renewal season exposes the fallout from rising claims and the impact of Covid-19 on global merchant shipping.
24 Feb 2021: Seafarer supply is expected tighten heralding higher manning costs
The attractiveness of a career at sea has been an industry concern for a number of years. Long periods away from home, increasing administrative demands for paperwork on board, and the threat of criminalisation being major factors. Covid-19 impacts, which have been particularly harrowing for seafarers, have added to these issues, presaging an inflection point in global seafarer supply.
30 Nov 2020: COVID-19 drives up ship operating costs: press release
19 Oct 20: Diminishing seafaring appeal to tighten officer availability
Officer availability varies significantly by nationality and rank, with important implications for recruitment, retention and wage rates, particularly in light of tightening labour market conditions.
Vessel operating costs are expected to continue rising on a hardening marine insurance market, as conclusion of the P&I renewal season exposes the fallout from rising claims and the impact of Covid-19 on global merchant shipping.
24 Feb 2021: Seafarer supply is expected tighten heralding higher manning costs
The attractiveness of a career at sea has been an industry concern for a number of years. Long periods away from home, increasing administrative demands for paperwork on board, and the threat of criminalisation being major factors. Covid-19 impacts, which have been particularly harrowing for seafarers, have added to these issues, presaging an inflection point in global seafarer supply.
30 Nov 2020: COVID-19 drives up ship operating costs: press release
19 Oct 20: Diminishing seafaring appeal to tighten officer availability
Officer availability varies significantly by nationality and rank, with important implications for recruitment, retention and wage rates, particularly in light of tightening labour market conditions.
We offer a unique combination of specialist expertise and experience to support the operational, technical and strategic needs of ship owners and operators.
Everyday operational and management concerns are clearly a vital dynamic of the maritime industry and every year Drewry's research team publish two comprehensive reports analysing and predicting operational overheads and specific management and resourcing considerations for owners, operators and other stakeholders.
Drewry's two annual management/operational reports:
- Ship Operating Costs (published in Oct/Nov)
- Manning Report (published in June/July)
Meanwhile, our consultants typically provide shipowners, investors and leaders with technical due diligence support, in addition to other ship operations related advice.
An elite and diverse group of industry stakeholders from shipowners, to charterers, investors and financial intermediaries rely on our range of market research, sector expertise and commercial experience to help inform decisions, reduce costs and drive performance improvement.
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02 Jun 2021
Officer shortfall to reach decade high by 2026
02 June 2021: Diminishing attractiveness of a career at sea, coupled with rising man-berth ratios and continued fleet growth will lead to the highest shortfall of officers to crew the world’s merchant fleet in over a decade by 2026, with important implications for both hiring and future manning cost inflation, according to Drewry’s latest Manning Annual Review and Forecast.
30 Nov 2020
COVID-19 drives up ship operating costs
Vessel operating costs have risen at their fastest pace in over a decade this year, on higher insurance cover premiums and COVID-19 related expenses, but are expected to moderate in subsequent years as pandemic related spend unwinds, according to Drewry’s latest Ship Operating Costs Annual Review and Forecast.
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Ship Operating Costs Annual Review and Forecast 2020/21
Annual Review and Forecast · Latest release 23 Nov 2020
One of Drewry’s flagship reports, Ship Operating Costs 2020/21 provides one of the most complete annual assessments of ship operating costs available in a single source. The report contains historical data for the period 2015 to 2019, assessments for 2020 and forecasts to 2025.
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