Drewry sees continued Rise in tanker costs

The tanker industry's move to improve its safety record, after a rash of casualties during the past 5 years, has triggered increases in operating costs that are expected to continue until the end of the decade. Increases are expected mainly in repair and maintenance (R&M) and insurance and manning costs, says Drewry Shipping Consultants Ltd., London. R&M costs have risen 10-30%/year during 1991-93, Drewry said, and are likely to increase another 5-20%/year between now and 2000.

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