OpCost, the market-leading ship operating costs bench marking tool from international accountant and shipping adviser Moore Stephens, has won a prestigious Lloyd’s List Greek Shipping Award.
The Lloyd’s List Intelligence Big Data Award, sponsored by the Department of Merchant Shipping of the Republic of Cyprus, was presented jointly to Costas Constantinou, Managing Partner, Moore Stephens Chartered Accountants S.A., Greece and Richard Greiner, Partner, Shipping, Moore Stephens LLP, London. The award was presented by Marios Demetriades, Minister of Transport, Communications & Works, at the Lloyd’s List Greek Shipping Awards Ceremony & Gala Dinner at the Athenaeum InterContinental Hotel, Athens on Friday 2 December.
The award recognises the significant potential that big data has to transform shipping, from timely insights drawn from real-time monitoring and forecasting of events, to improved management of performance and risk. Candidates were required to demonstrate measurable results in areas such as strategic business/investment planning, performance monitoring and optimisation, condition-based and predictive maintenance, optimisation across systems and system overview of operations.
Costas Constantinou says: “Moore Stephens is delighted that its unique OpCost benchmarking tool has been recognized in the Lloyd’s List Greek Shipping Awards. OpCost is an excellent example of the type of innovative service and products which Moore Stephens provides to the shipping industry both in Greece, and internationally throughout the maritime industry.”
Richard Greiner, global project leader for OpCost, says: “With operating costs continuing to rise, owners and operators need accurate and reliable information on cost movements to help plan their budgets and business strategies accurately. OpCost can also be used for business and budget planning, and transfer pricing studies. The most widely respected barometer of ship operating costs in the industry, it is available in a user-friendly online format, and is continually supplemented with new data to provide the shipping industry with the information it needs to monitor and plan its expenditure.”