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Tuesday, 16 November 2010

Manu's scripts: Calculated mistake.

Manu's scripts: Calculated mistake.

"For most of my working life I have been told, by the cabal sitting ashore, that crew costs are rising unsustainably and that we Indian sailors are- to use a favourite banality- ‘pricing ourselves out of the market’. So you can imagine my surprise when I read of a Lloyd’s List article that said that, since 2003, when the the International Bargaining Forum began, ”the costs of the 23-man model ship used as the basis for negotiations have increased from USD 42,794 a month to USD 54,850, a rise of 28%”. Coincidentally, another report I ran into, this time by Moore Stephens, says that total ship operating costs fell between 2% and 8% in 2009 after 7 years of rise, although they are expected to be marginally higher this year. The nine year average rise is between 6 and 7 percent.""

Read on, click the link . . .

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