Page 22: of Maritime Reporter Magazine (April 1997)

MARINE FINAN Ci

SHIP COSTS:

The Economics Of

Acquisition And Operation

A new report from Drewry Shipping

Consultants — Ship Costs: The Economics of Acquisition and Operation — examines many of the current and future issues faced by shipowners.

Newbuilding prices, finance, repair, crew- ing and insurance are tackled in this report. Drewry warns that issues regard- ing crewing will prove critical, forcing own- ers to re-focus and re-evaluate budgets.

Concerning insurance, the report notes that the recent history of Hull &

Machinery (H&M) outgoings has been dra- matic. The 1990s began with a shake-out in insurance capacity, and included a host of major insurance claims (not all marine

REPRESENTATIVE TANKER AND BULK CARRIER

OPERATING COSTS

US$'000/day

Tanker Bulk Carrier

Historical Forecast /*- / \ / / s s s s / v • \ _ / ^ — / """" ^ 1 1 I I

Historical Forecast 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

Products Atramax Suezmax Vlcc (35-45,000 dwt) (80-110.000 dwt) (140,000dwt) (280,000dwt)

Source: Drewry Shipping Consultants.

Handy Panamax Cape (26-28,000 dwt) (65-73,000 dwt) (140-160,000 dwt)

REPOSSESSION 0Continued from page 8) union, the International Transport

Workers' Federation (ITF). MRM often seeks the crew's cooperation in keeping the ship in good order and sailing it, under

MRM's control, to the destination. MRM also works in handling crew payoff and repatriation. In a recent case during

Christmas, MRM helped charter a private plane to fly the crew home.

A problem encountered by MRM is being called upon late in the game, and as a result finding a ship in poor condition, pos- sible out of class and with canceled insur- ance.

Because MRM is primarily a surveyfng and loss control company, MARAP o tions and voyages can be fully msi hull and machinery, as well 4eyen when the ship is out of cla^s/'i^lIIJJ^as obtained cargo covej^Jr daijs^r^of exist- ing cargoes, and can also obtain conven- tional trading coveA y' "N

Another task vitar to the/ execution of recovery operations is neg(jpating the lift- ing of existing arrests —^miich is often for relatively small sums — by local suppliers.

MRM likes to handle this negotiation itself, as it has found that the bank's arrival "on the scene" can trigger a flurry of new arrests. An arrest is a security for a maximum claim, however the actual sum agreed to is normally well below that figure. In MRM's experience, a deal to lift an arrest has to be honored quickly so claimants have no time for second thoughts.

The purpose of the "relocation" voyage is to move the ship to a port where the juris- diction is quicker, the results are more cer- tain, and the court fees, legal fees, port dues and holding charges (including crew- ing charges) are lower. MRM has a sched- ule of portg.-whei^the jurisdiction is effi- cient. It6 port of preference is Birkenhead,

U.K., gjhjhe Rjjer Mersey, near MRM's

U.JifopSMitw'nal headquarters. )ue to ifie fact that the number of aban- lips is growing, organizations rep- resenting crews have started to look more cjasely at shipowners' financial suppliers.

A growing sentiment exists that banks should bear some responsibility, morally if not in law, for humanitarian relief of crews. As this trend continues, the "Jasper Stonyheart" image a bank may engender by refusing this aid will cost a lot more than the million dollar bill of a recov- ery operation.

The preceding article was

MRM's Philip Rankin

For additional information on

MRM's capabilities,

Circle 145 on Reader Service Card

SAILOR

SALES AND SERVICE AGENTS

ANTILLES (NETHERLANDS!

Radio-Holland Caribbean N.V. Curacao NA.

Phone: +599 9 612577-Fax: +5999 612723

ARGENTINA

Oton R. Klein S A. Buenos Aires

Phone: +541760 0202 Fax: +541 760 6389

AUSTRALIA

Rubin Marine, • Artarmon NSW

Phone: +61 2 94392333 Fax: +61 2 94392278 a.m.i. sales • O'Connor, Western Australia

Phone: +619337 3266 Fax: +619314 2929

BAHRAIN

Aeradio Technical Services Mina Salman Porl

Phone: +973 727790 Fax: +973 727811

BANGLADESH

Graphics Communications Ltd. Dhaka

Phone: +880 2 9551045 - Fax: +880 2 883627

BELGIUM

Antwerp Marine Radio Company N.V. Antwerp

Phone: +32 3 541 04 63 - Fax: +32 3 542 61 73

BERMUDA

Marine Communications Pembroke

Phone: +1 441 2950558 • Fax: +1 441 2920079

BRAZIL

O.L. Naval Ltda. - Rio de Janeiro

Phone: +55 21 222 5667 • Fax: +55 21 242 7934

BULGARIA

Rousse Radar JP Rousse

Phone: +359 82 279115 • Fax: +359 82 279115

CANADA

Radio Holland (Canada) Ltd. North Vancouver

Phone: +1 604 2541311 Fax: +1 604 983 3344

CHILE

Serprotec LTDA Valparadiso (Deep Sea)

Phone: +56 32 232780 Fax: +56 32 212215

Simrad Chile Santiago (Fishing)

Phone: +56 2 235 1068 Fax: +56 2 235 8732

CROATIA

BELAM-Zastupstvo i Servis Rijeka

Phone: +385 51 672343 Fax: +385 51 672179

CYPRUS

A.P. Hadjipieros Ltd. Limassol

Phone:+357 5 345972 Fax: +357 5 345973

ECUADOR

Industrial Anabra C. Ltda. Guayaquil

Phone: +593 4 309766 Fax: +593 4 313694

EGYPT

Suez Electronics Free Zone S.A.E. • Alexandria

Ptione: +20 3 4806899 Fax: +20 3 4804196

Suez Electronics Engineering & Trading Ltd. - Cairo

Phone: +20 2 2742911 • Fax: +20 2 2745219

ESTONIA

A/SRSTA Tallinn

Phone: +372 6 312082 Fax: +372 6 312082

FINLAND

ASP0 Systems Oy.Espoo

Phone: +358 0 422155 Fax: +358 0 422908

FRANCE

Geolink Roquevaire

Phone: +33 42 32 99 00 Fax: +33 42 32 94 95

SDM Electronique Sartrouville Cedex

Phone: +33 1 39146833 Fax: +331 39133022

GERMANY

Eina GmbH 25462 Rellingen/Hamburg

Phone: +494101 301-00 Fax: +494101 301214

GIBRALTAR

Electro Med Marina Bay

Phone: +350 77077 Fax: +350 72051

GREECE

Marac Electronics S A. Perama - Piraeus

Phone: +30 1 4314361-6 Fax: +3014314234

GREENLAND

Autzen's Mariner-Service • Aaslaat - Egedsminde

Phone: +299 42190 • Fax: +299 41058

HOLLAND

Radio Holland Marine B.V. • Rotterdam

Phone: +31 10 4283344 Fax: +31 10 4281498

Sailtron B.V. (yachts only) Utrecht

Phone: +31 30 2944741 Fax: +31 30 2937642

HONG KONG

Radio Holland Group - Kwai Chung N.T.

Phone: +852 24239007 Fax: +852 24805898

Hoi Tung Communication & Navigation Co. Ltd

Phone: +852 25421262 Fax: +852 25431137

ICELAND

Radiomidun Ltd. -101 Reykjavik

Phone:+354511 1010 • Fax:+354511 1020

INDIA

Elcome Marine Services Pvt. Ltd. • New Bombay

Phone: +91 22 763 23 48 Fax: +91 22 763 23 51

Kaman Hormozgan Marine Engineering - Tehran

Phone: +98 21 222 8020 • Fax: +98 21 222 4502

ISRAEL

Alhout-Yam Ltd. - Haifa

Phone: +972 4 86 20804 Fax: +972 4 8627404

ITALY

Compagnia Generaie Teiemar Roma

Phone: +39 6 3221800 Fax: +39 6 3240148

Generalmare est S.R.L. • Chiavari

Phone: +39185 32 33 56 Fax: +39185 32 27 31

IVORY COAST

Optim Afrique • Abidjan

Phone: +225 251843 Fax: +225 257937

Nautical Afrique Abidjan

Phone: +225 250136 • Fax: +225 250137

JAPAN

Kaigai Gijyutsu K.K. Yokohama

Phone: +81 45 6647318 Fax: +81 45 6647320

KENYA

East African Maritime Services Ltd.. Mombasa

Phone: +25411 472086 Fax: +25411 472975

KOREA

Samyang Radio Co Ltd. - Pusan

Phone: +82 51 413 5000 Fax: +82 51 413 5002

KUWAIT

Commercial Co-Ordination Centre W.L.L. Safat

Phone: +965 2462347 Fax: +965 2458070

LATVIA/LITHUANIA

Transas Baltia Riga

Phone: +371 7286585 Fax: +371 7821202

MALTA

Medcomms Ltd. Gzira

Phone: +356335521 Fax: +356310820

MEXICO

Nautica, S.A. de C.V. - Mexico D.F.

Phone: +52 5 6519740 Fax: +52 5 6512825

MOROCCO

Soremar Casablanca

Phone: +212 2 442802 Fax: +212 2 305385

MURMANSK

Moretron Ltd. • Murmansk

Phone: +47 85 10144 • Fax: +478510144

NEW ZEALAND

Electronic Navigation Ltd. - Auckland

Phone: +64 9 3735595 Fax: +64 9 3795655

NIGERIA

Netarcomms Nigeria Ltd. Lagos State

Phone: +234 1 871662 Fax: +234 1 264 6083

NORWAY

AEG NorgeA/S Oslo

Phone: +47 22 89 78 00 - Fax: +47 22 89 78 04

PAKISTAN

International Aeradio Pakistan (Pvt.) Ltd. • Karachi

Phone: +92 21 537800 Fax: +92 21 5870331

PHILIPPINES

Radio Holland B.V. (Philippines) inc. • Manila

Phone: +63 2 527 5865 Fax: +63 2 527 5866

POUND

EPA Ltd. 71-324 Szczecin

Phone: +48 91 874885 Fax:+48 91 875014

PORTUGAL

Nautel - Electronica Maritima, Lda. • Lisbon

Phone: +351 1 3970085 Fax: +351 1 3970084 0ATAR

Eastern Technical Services Co. - Doha

Phone: +974 441412 Fax: +974 329292

ROMANIA

SC Imsat Maritime SA Constanta • Constanta

Phone: +40 41 639038 Fax: +4041 674356

RUSSIA

Transas Marine Ltd. St. Petersburg

Phone: +7 812 567 2090 Fax: +7 812 5671901

SAUDI ARABIA

Key Communication Development Ltd. • Dammam

Phone: +966 3 8336940 • Fax: +966 3 8330728

SENEGAL

Optim Senegal Dakar Phone: +221 234930 Fax: +221 229676

SINGAPORE

Radio Holland B.V. - Singapore

Phone: +65 8622218 Fax: +65 8622430

SOUTH AFRICA

Cape Maritime Electronics (Pty.) Ltd. • Cape Town

Phone: +27 21 551 3204 Fax: +27 21 551 3206

Radio Holland Group, Paarden Eiland (Cape Town)

Phone: +27 21 511 0864 Fax: +27 21 511 7577

SPAIN

Nautical • San Sebastian de los Reyes (Madrid)

Phone: +34 1 6549411 • Fax: +3416549600

SWEDEN

Ring Marine Communication AB, Askim/Gdteborg

Phone: +46 31 680450 • Fax: +46 31 683660

Racal Svenska AB, Vastra Frijlunda (Gdteborg)

Phone: +46 31 292100 Fax: +46 31 292109

TAIWAN R.D.C.

Shin Hsiung Fong Electric & Co., Ltd.. Kaohsiung

Phone: +886 7 551 4905 • Fax: +886 7 521 2983

TANZANIA

The Old East African Trading Co. Ltd. • Dar es Salaam

Phone: +255 51 32249 Fax: +255 51 46909

TUNISIA

Alcatel Tunisie • 1080 Tunis Cedex

Phone: +2161 717177 Fax: +2161 719888

TURKEY

Muhendis Hilkat Bolulu Co. (public). Istanbul

Phone: +90 212 243 4576 • Fax: +90 212 244 3739

Elektro-Deniz Ltd. (private) Istanbul

Phone: +90 216 392 77 29 Fax: +90 216 392 8018

UNITED ARAB EMIRATES

Elcome International L.L.C. - Dubai

Phone: +971 4 342333 Fax: +971 4 342465

UNITED KINGDOM

Ships Electronic Services Ltd. • Greenhithe (Kent)

Phone: +441322 385053 • Fax: +441322 387007

URUGUAY

Electromaritima Uruguaya Ltda.. Montevideo

Phone: +598 2 947139 Fax: +598 2 947138

USA

Radio-Holland USA, B.V. Houston (Texas)

Phone: +1 713 943 3325 Fax: +1 713 943 3802

VENEZUELA

Radio Holland De Venezuela S.A. • Maracaibo

Phone: +5861 987811 • Fax: +5861 982596

Circle 247 on Reader Service Card 22 Maritime Reporter/Engineering News