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The not-so-rosy take on lower operating costs

While vessel running costs have fallen, there are other areas in the shipping industry where costs are set to rise
Wednesday, October 26, 2016 - 05:50

ON the face of it, news that shipowners are paying out less to keep their ships sailing is a positive development at a time when freight rates in most sectors are at rock bottom and supply of shipping generally significantly exceeds demand.

The reality is more complex, and less rosy.

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