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Archive for October, 2015

Shipping Is Watching the Pennies

Written by Abdelmonem Achour on . Posted in Maritime news

Total annual operating costs in the shipping industry fell by an average of 0.8% in 2014, according to findings released by international accountant and shipping consultant Moore Stephens.

This compares with the 0.3% average fall in costs recorded for 2013.

All categories of expenditure were down on those for the previous 12-month period, confirming that ship owners and operators continued to manage costs sensibly and to watch their cash carefully in 2014,” the shipping consultant said.