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Vessel operating costs at highest since 2007

Drewry analysis shows rises in costs across all sectors, and for all ship types and sizes. Increases will soften as the impact of the pandemic recedes. Insurance costs will grow to cover claims incurred in 2020

Manning costs were up by 6%, and there are signs that the virus has deepened an existing officer shortage. Drydocking expenses rose by 5% as shipyards closed in early 2020, pushing work into the second half

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