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.
21 Apr 2020: Shipowners face perfect storm of rising opex as earnings fall The conclusion of the P&I renewal season and rising risk exposure from Covid-19 confirms that marine insurance costs are hardening which will raise vessel operating costs just when earnings are expected to come under pressure as trade contracts.
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 provides information and analysis of ship operating costs for 46 different ship types and sizes, while the annual Manning report reviews the trends in seafarer (officer and ratings) in the past decade and forecasts seafarer requirements five years ahead.
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.
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.
As part of celebrations to mark our 50th anniversary, we have introduced an invitation only membership club for our advisory clients and long-standing subscribers of our maritime research services.
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.
Annual Review and Forecast ·
Latest release 02 Jun 2020
Is seafarer supply matching the demand from today’s global fleet? Drewry Maritime Research’s Manning Annual Review and Forecast 2020/21 report tackles this critical question and sets out the facts concerning wage rates and terms of employment that dictate the cost of manning vessels today.