Of Budgeteers and Benchmarkers: Understanding Industry Operating Expenses

By Jens Alers, General Manager of Atlantic Marine LP (Bermuda)
Member of the Schulte Group

The great Phyllis Diller once said: “When I get to the beauty parlor I always go through the emergency entrance. Sometimes I just go for the estimate.”

Like so many of us, Ms Diller is terribly worried about her operating expenses. Yet there is no point in avoiding the subject.

Phyllis Diller, who will be 84 years young this year, is keeping in good shape, and was recently honored by the American Academy of Cosmetic Surgery for having the courage to publicly bring plastic surgery out of the closet.

We here at the Ship Finance Academy [Editor’s Note: This article is based on a speech given by Mr. Alers at MarineMoneyWeek at the Ship Finance Academy on 18th June 2001] shall endeavor to bring the secrets out of the slopchest cluttered with ignorance and misperceptions about what it takes to run a boat, so that they can be subjected to proper scrutiny.

This is only an excerpt of Of Budgeteers and Benchmarkers: Understanding Industry Operating Expenses

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