The three most important concerns of a ship owner/ ship manager in terms of priority are the cost of operations, the safety of operations and the retention of crew. These concerns will be discussed in more detail below.
Cost of Operations
The single most important factor for a ship owner/ ship manager is to maintain his competitive edge in the shipping industry that is still recovering from the recession. The most common agenda point during any group discussion is the measures needed to reduce costs of operation. Thus incurring any additional expense that is currently not mandatory will have to be justified with sound logic. Costs can be subdivided into two categories, namely, direct costs and indirect costs.
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