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Moore Maritime Index “MMI has been updated and is available

Moore Maritime Index “MMI”, a database that contains operating costs and revenues from more than 1,500 vessels, has been updated and is available with the 2024 data.
The data comes from audited financial statements of ship owning companies and therefore, the results produced by the Index show the “real world” of financial performance of the shipping industry.
The main takeaways for 2024 are:
• In dry bulk carriers, the level of the total operating expenses remained at similar levels compared to 2023. Specifically, it was observed an increase in spares expenses with the only exception being Panamax vessels which showed a decrease of 1%. On the contrary, there was a decrease in the repairs and maintenance expenses for all categories of bulk carriers except for the Panamax vessels. Stores expenses remained stable, apart from a 10% decrease for the Handysize vessels. In terms of revenue, the rates appeared increased in 2024. The categories of Handysize, Handymax and Panamax vessels presented an increase between 3% and 10%, while the Capesize vessels recorded the highest increase of 36%.

• All categories of Tankers reported an increase in the spares expenses. The repairs and maintenance were decreased in comparison to 2023, whereas the Panamax vessels recorded a significant increase of 30%. On the contrary, the lubricants expenses showed an increase between 2% and 18%, whereas for Panamax vessels remained at the same level. In terms of revenue, a contrasting performance was observed for the Panamax vessels relative to the rest categories of Tankers. The daily rates for all categories were decreased, whereas the Panamax vessels registered an increase of 2%.

To access the Moore Maritime Index, please visit https://moore-index.com/