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Ship Operations and Management

Ship Operating Costs Annual Review & Forecast 2025/26


07 Nov 2025: Our comprehensive annual review and forecast of ship operating costs is now available to purchase from our online store.

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Conflict in the Middle East: Will rising oil prices translate into higher ship operating costs?

Conflict in the Middle East: Will rising oil prices translate into higher ship operating costs?

27 Mar 2026: The Middle East shipping trade has once again come under heightened scrutiny due to the conflict in the Strait of Hormuz. Although this conflict has already led to higher shipping rates and war-risk insurance premiums, it could substantially impact ship operating costs as well in the long term.
Strongest seafarer wage increase: China

Strongest seafarer wage increase: China

04 Jun 24: China has seen the strongest increase in seafarer wages across the main seafaring countries, according to the latest Manning Annual Review and Forecast report published by global shipping consultancy Drewry.
Seafarer labour market tightest on record

Seafarer labour market tightest on record

07 Jun 23: Officer supply shortfall has reached a record high and is not expected to improve, leading to manning cost inflation, according to the latest Manning Annual Review and Forecast report published by global shipping consultancy Drewry.

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