Page 23: of Maritime Reporter Magazine (October 2019)

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BY THE NUMBERS 3.5% in 2017. Mirroring the results in crease in repairs and maintenance costs recorded for insurance, compared to the else, there were sizeable reductions in the previous year, all vessels in all cat- in 2018, compared to zero movement the 4.1% fall in 2017. Ro-Ros were the only insurance outgoings, none bigger than egories recorded a fall in stores costs for previous year. The largest overall drop in category of vessel to record any increase the 9.9% posted for Handysize Product 2018, none bigger than the 7.6% record- operating costs in 2018 was the 7.1% fall in insurance costs (1.7%). Everywhere Tankers. ed by container ships of between 2,000 and 6,000 TEU. In the tanker sector, the most signi? cant fall was the 6.4% posted by Aframax Tankers. Panamax Bulkers and Capesize Bulkers led the way in the bulker sector, each recording a 6.7% re- duction in stores expenditure.

For tankers overall, stores costs fell by an average of 4.8%, compared to the 4.5% recorded for 2017, while in the bulker sector the reduction was 6.1%, compared to a fall of 3.6% in 2017. In the container ship sector, meanwhile, there was a 5.7% fall in stores expen- diture, compared to a drop of 3.4% the previous year. There was an overall in- crease in repairs and maintenance costs of 0.6% in 2018, compared to the reduc- tion of 1.7% in 2017. There were also signi? cant increases in the container ship sector, most notably in the case of ships of between 1,000 and 2,000 teu and between 2,000 and 6,000 teu (3.1% and 2.9% respectively).

In the tanker sector, Suezmax owners spent 2.3% more on repairs and mainte- nance in 2018 than they did in the pre- vious year, while increases were also posted for Tankers 5,000 to 10,000 dwt (1.2%) and Handysize Product Tankers (1.1%). Repairs and maintenance costs were also up in the bulker sector for

Capesize Bulkers (1.5%) and Handysize

Innovation | Safety | Performance

Bulkers (0.3%). Product Tankers, mean- while, recorded the largest fall of 1.6%

REGULATORY STABILITY ASSESSMENT SOFTWARE across all categories.

For tankers and bulkers overall, there was zero overall increase in repairs and maintenance costs in 2018, compared to the falls of 3.4% and 1.5% recorded in 2017. In the containership sector, however, there was a 3.2% overall in- “This is the seventh successive year- on-year reduction in overall ship operating costs recorded by OpCost.

HECSTAB Ofshore

The solitary overall increase across all categories of operating costs in 2018,

USER DRIVEN | ENDORSED WORLDWIDE: HECSTAB that in respect of repairs and mainte- nance, should be regarded as encour- is a versatile tool for the Naval Architect involved in aging news on a number of levels. It design and regulatory evaluation of non-ship shaped indicates an ongoing commitment to assets. In addition to traditional fxed-axis free-to-trim the increasing imperative of regula- calculations, HECSTAB can perform variable heeling tory compliance, to maintaining safety axis (free twist) calculations, greatly reducing the number and protecting the environment, and to of calculated conditions. continued operation.”

Richard Greiner, Partner,

Shipping & Transport at BDO www.herbert-abs.com www.marinelink.com 23

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