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www.marinelink.com 39 By Patricia Keefe P rofi tability in shipping goes up and down in waves. 2012 wasn’t too bad, with annual op- erating costs shrinking by 1.8% on average versus 2011, when average costs rose 2.1%, but 2013 weighed anchor in the losses col- umn for many. And 2014? So far the waters are choppy, with the overall mood up in May but dipping down in the quarter that ended in August, according to Moore Stephen’s quarterly Shipping Confi dence Survey. MR #10 (34-39).indd 39 10/2/2014 5:49:48 PM
