Mon 28 Apr, 2008
| Posted in: The weakness of the dollar has had a considerable effect on the running of vessels, according to V.Ships president Roberto Giorgi.
Most of the shipmanagers’ crews are coming from the former Soviet Union, India and the Philippines and salaries have increased by up to 25% in the last year.
Inflation on stores, spares and bunker costs have all had their effect, and there are fewer ways to run ships in a cost-effective way given the expense of...