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MARINE FINAN Ci SHIP COSTS: The Economics Of Acquisition And Operation A new report from Drewry Shipping Consultants — Ship Costs: The Economics of Acquisition and Operation — examines many of the current and future issues faced by shipowners. Newbuilding prices, finance, repair, crew- ing and insurance are tackled in this report. Drewry warns that issues regard- ing crewing will prove critical, forcing own- ers to re-focus and re-evaluate budgets. Concerning insurance, the report notes that the recent history of Hull & Machinery (H&M) outgoings has been dra- matic. The 1990s began with a shake-out in insurance capacity, and included a host of major insurance claims (not all marine REPRESENTATIVE TANKER AND BULK CARRIER OPERATING COSTS US$'000/day Tanker Bulk Carrier Historical Forecast /*- / \ / / s s s s / v • \ _ / ^ — / """" ^ 1 1 I I Historical Forecast 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 Products Atramax Suezmax Vlcc (35-45,000 dwt) (80-110.000 dwt) (140,000dwt) (280,000dwt) Source: Drewry Shipping Consultants. Handy Panamax Cape (26-28,000 dwt) (65-73,000 dwt) (140-160,000 dwt) REPOSSESSION 0Continued from page 8) union, the International Transport Workers' Federation (ITF). MRM often seeks the crew's cooperation in keeping the ship in good order and sailing it, under MRM's control, to the destination. MRM also works in handling crew payoff and repatriation. In a recent case during Christmas, MRM helped charter a private plane to fly the crew home. A problem encountered by MRM is being called upon late in the game, and as a result finding a ship in poor condition, pos- sible out of class and with canceled insur- ance. Because MRM is primarily a surveyfng and loss control company, MARAP o tions and voyages can be fully msi hull and machinery, as well 4eyen when the ship is out of cla^s/'i^lIIJJ^as obtained cargo covej^Jr daijs^r^of exist- ing cargoes, and can also obtain conven- tional trading coveA y' "N Another task vitar to the/ execution of recovery operations is neg(jpating the lift- ing of existing arrests —^miich is often for relatively small sums — by local suppliers. MRM likes to handle this negotiation itself, as it has found that the bank's arrival "on the scene" can trigger a flurry of new arrests. An arrest is a security for a maximum claim, however the actual sum agreed to is normally well below that figure. In MRM's experience, a deal to lift an arrest has to be honored quickly so claimants have no time for second thoughts. The purpose of the "relocation" voyage is to move the ship to a port where the juris- diction is quicker, the results are more cer- tain, and the court fees, legal fees, port dues and holding charges (including crew- ing charges) are lower. MRM has a sched- ule of portg.-whei^the jurisdiction is effi- cient. It6 port of preference is Birkenhead, U.K., gjhjhe Rjjer Mersey, near MRM's U.JifopSMitw'nal headquarters. )ue to ifie fact that the number of aban- lips is growing, organizations rep- resenting crews have started to look more cjasely at shipowners' financial suppliers. A growing sentiment exists that banks should bear some responsibility, morally if not in law, for humanitarian relief of crews. As this trend continues, the "Jasper Stonyheart" image a bank may engender by refusing this aid will cost a lot more than the million dollar bill of a recov- ery operation. The preceding article was MRM's Philip Rankin For additional information on MRM's capabilities, Circle 145 on Reader Service Card SAILOR SALES AND SERVICE AGENTS ANTILLES (NETHERLANDS! Radio-Holland Caribbean N.V. Curacao NA. Phone: +599 9 612577-Fax: +5999 612723 ARGENTINA Oton R. Klein S A. Buenos Aires Phone: +541760 0202 Fax: +541 760 6389 AUSTRALIA Rubin Marine, • Artarmon NSW Phone: +61 2 94392333 Fax: +61 2 94392278 a.m.i. sales • O'Connor, Western Australia Phone: +619337 3266 Fax: +619314 2929 BAHRAIN Aeradio Technical Services Mina Salman Porl Phone: +973 727790 Fax: +973 727811 BANGLADESH Graphics Communications Ltd. Dhaka Phone: +880 2 9551045 - Fax: +880 2 883627 BELGIUM Antwerp Marine Radio Company N.V. Antwerp Phone: +32 3 541 04 63 - Fax: +32 3 542 61 73 BERMUDA Marine Communications Pembroke Phone: +1 441 2950558 • Fax: +1 441 2920079 BRAZIL O.L. Naval Ltda. - Rio de Janeiro Phone: +55 21 222 5667 • Fax: +55 21 242 7934 BULGARIA Rousse Radar JP Rousse Phone: +359 82 279115 • Fax: +359 82 279115 CANADA Radio Holland (Canada) Ltd. North Vancouver Phone: +1 604 2541311 Fax: +1 604 983 3344 CHILE Serprotec LTDA Valparadiso (Deep Sea) Phone: +56 32 232780 Fax: +56 32 212215 Simrad Chile Santiago (Fishing) Phone: +56 2 235 1068 Fax: +56 2 235 8732 CROATIA BELAM-Zastupstvo i Servis Rijeka Phone: +385 51 672343 Fax: +385 51 672179 CYPRUS A.P. Hadjipieros Ltd. Limassol Phone:+357 5 345972 Fax: +357 5 345973 ECUADOR Industrial Anabra C. Ltda. Guayaquil Phone: +593 4 309766 Fax: +593 4 313694 EGYPT Suez Electronics Free Zone S.A.E. • Alexandria Ptione: +20 3 4806899 Fax: +20 3 4804196 Suez Electronics Engineering & Trading Ltd. - Cairo Phone: +20 2 2742911 • Fax: +20 2 2745219 ESTONIA A/SRSTA Tallinn Phone: +372 6 312082 Fax: +372 6 312082 FINLAND ASP0 Systems Oy.Espoo Phone: +358 0 422155 Fax: +358 0 422908 FRANCE Geolink Roquevaire Phone: +33 42 32 99 00 Fax: +33 42 32 94 95 SDM Electronique Sartrouville Cedex Phone: +33 1 39146833 Fax: +331 39133022 GERMANY Eina GmbH 25462 Rellingen/Hamburg Phone: +494101 301-00 Fax: +494101 301214 GIBRALTAR Electro Med Marina Bay Phone: +350 77077 Fax: +350 72051 GREECE Marac Electronics S A. Perama - Piraeus Phone: +30 1 4314361-6 Fax: +3014314234 GREENLAND Autzen's Mariner-Service • Aaslaat - Egedsminde Phone: +299 42190 • Fax: +299 41058 HOLLAND Radio Holland Marine B.V. • Rotterdam Phone: +31 10 4283344 Fax: +31 10 4281498 Sailtron B.V. (yachts only) Utrecht Phone: +31 30 2944741 Fax: +31 30 2937642 HONG KONG Radio Holland Group - Kwai Chung N.T. Phone: +852 24239007 Fax: +852 24805898 Hoi Tung Communication & Navigation Co. Ltd Phone: +852 25421262 Fax: +852 25431137 ICELAND Radiomidun Ltd. -101 Reykjavik Phone:+354511 1010 • Fax:+354511 1020 INDIA Elcome Marine Services Pvt. Ltd. • New Bombay Phone: +91 22 763 23 48 Fax: +91 22 763 23 51 Kaman Hormozgan Marine Engineering - Tehran Phone: +98 21 222 8020 • Fax: +98 21 222 4502 ISRAEL Alhout-Yam Ltd. - Haifa Phone: +972 4 86 20804 Fax: +972 4 8627404 ITALY Compagnia Generaie Teiemar Roma Phone: +39 6 3221800 Fax: +39 6 3240148 Generalmare est S.R.L. • Chiavari Phone: +39185 32 33 56 Fax: +39185 32 27 31 IVORY COAST Optim Afrique • Abidjan Phone: +225 251843 Fax: +225 257937 Nautical Afrique Abidjan Phone: +225 250136 • Fax: +225 250137 JAPAN Kaigai Gijyutsu K.K. Yokohama Phone: +81 45 6647318 Fax: +81 45 6647320 KENYA East African Maritime Services Ltd.. Mombasa Phone: +25411 472086 Fax: +25411 472975 KOREA Samyang Radio Co Ltd. - Pusan Phone: +82 51 413 5000 Fax: +82 51 413 5002 KUWAIT Commercial Co-Ordination Centre W.L.L. Safat Phone: +965 2462347 Fax: +965 2458070 LATVIA/LITHUANIA Transas Baltia Riga Phone: +371 7286585 Fax: +371 7821202 MALTA Medcomms Ltd. Gzira Phone: +356335521 Fax: +356310820 MEXICO Nautica, S.A. de C.V. - Mexico D.F. Phone: +52 5 6519740 Fax: +52 5 6512825 MOROCCO Soremar Casablanca Phone: +212 2 442802 Fax: +212 2 305385 MURMANSK Moretron Ltd. • Murmansk Phone: +47 85 10144 • Fax: +478510144 NEW ZEALAND Electronic Navigation Ltd. - Auckland Phone: +64 9 3735595 Fax: +64 9 3795655 NIGERIA Netarcomms Nigeria Ltd. Lagos State Phone: +234 1 871662 Fax: +234 1 264 6083 NORWAY AEG NorgeA/S Oslo Phone: +47 22 89 78 00 - Fax: +47 22 89 78 04 PAKISTAN International Aeradio Pakistan (Pvt.) Ltd. • Karachi Phone: +92 21 537800 Fax: +92 21 5870331 PHILIPPINES Radio Holland B.V. (Philippines) inc. • Manila Phone: +63 2 527 5865 Fax: +63 2 527 5866 POUND EPA Ltd. 71-324 Szczecin Phone: +48 91 874885 Fax:+48 91 875014 PORTUGAL Nautel - Electronica Maritima, Lda. • Lisbon Phone: +351 1 3970085 Fax: +351 1 3970084 0ATAR Eastern Technical Services Co. - Doha Phone: +974 441412 Fax: +974 329292 ROMANIA SC Imsat Maritime SA Constanta • Constanta Phone: +40 41 639038 Fax: +4041 674356 RUSSIA Transas Marine Ltd. St. Petersburg Phone: +7 812 567 2090 Fax: +7 812 5671901 SAUDI ARABIA Key Communication Development Ltd. • Dammam Phone: +966 3 8336940 • Fax: +966 3 8330728 SENEGAL Optim Senegal Dakar Phone: +221 234930 Fax: +221 229676 SINGAPORE Radio Holland B.V. - Singapore Phone: +65 8622218 Fax: +65 8622430 SOUTH AFRICA Cape Maritime Electronics (Pty.) Ltd. • Cape Town Phone: +27 21 551 3204 Fax: +27 21 551 3206 Radio Holland Group, Paarden Eiland (Cape Town) Phone: +27 21 511 0864 Fax: +27 21 511 7577 SPAIN Nautical • San Sebastian de los Reyes (Madrid) Phone: +34 1 6549411 • Fax: +3416549600 SWEDEN Ring Marine Communication AB, Askim/Gdteborg Phone: +46 31 680450 • Fax: +46 31 683660 Racal Svenska AB, Vastra Frijlunda (Gdteborg) Phone: +46 31 292100 Fax: +46 31 292109 TAIWAN R.D.C. Shin Hsiung Fong Electric & Co., Ltd.. Kaohsiung Phone: +886 7 551 4905 • Fax: +886 7 521 2983 TANZANIA The Old East African Trading Co. Ltd. • Dar es Salaam Phone: +255 51 32249 Fax: +255 51 46909 TUNISIA Alcatel Tunisie • 1080 Tunis Cedex Phone: +2161 717177 Fax: +2161 719888 TURKEY Muhendis Hilkat Bolulu Co. (public). Istanbul Phone: +90 212 243 4576 • Fax: +90 212 244 3739 Elektro-Deniz Ltd. (private) Istanbul Phone: +90 216 392 77 29 Fax: +90 216 392 8018 UNITED ARAB EMIRATES Elcome International L.L.C. - Dubai Phone: +971 4 342333 Fax: +971 4 342465 UNITED KINGDOM Ships Electronic Services Ltd. • Greenhithe (Kent) Phone: +441322 385053 • Fax: +441322 387007 URUGUAY Electromaritima Uruguaya Ltda.. Montevideo Phone: +598 2 947139 Fax: +598 2 947138 USA Radio-Holland USA, B.V. Houston (Texas) Phone: +1 713 943 3325 Fax: +1 713 943 3802 VENEZUELA Radio Holland De Venezuela S.A. • Maracaibo Phone: +5861 987811 • Fax: +5861 982596 Circle 247 on Reader Service Card 22 Maritime Reporter/Engineering News
