Drewry report

COVID-19 drives up ship operating costs according to Drewry

London, UK,  – 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 the latest Ship Operating Costs Annual Review and Forecast 2020/21 report published by …

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Officer shortfall forecast to widen according to Drewry

The current officer shortfall to crew the global merchant fleet is forecast to widen amid reduced attractiveness of a career at sea, according to the latest report from the global shipping consultancy Drewry. The consultancy estimates that there is a global officer shortage equating to around 2% of overall demand, though presently this is masked …

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