Vessel Operating ExpensesVessel operating expenses, which include costs of crew, lubricating oil, spares and insurance, were $11.5 million for the three months ended December 31, 2012. The average cost per ownership day was $7,363 up $44, or 0.6% on $7,319 for the rolling four quarters ended September 30, 2012. Increased spend on repairs, maintenance and supplies have been offset by a benefit from exchange rate movements on costs denominated in euros, fewer insurance deductibles and lower expenses from fewer drydockings. The fourth quarter 2012 average daily cost was up $30, or 0.4% from the average daily cost of $7,333 for the fourth quarter 2011 for mainly the same reasons.
Global Ship Lease Reports Results For The Fourth Quarter Of 2012
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