Tag archives: Drewry

No reprieve for multipurpose shipping until 2018, says Drewry

The last three months have been some of the worst the multipurpose and project carrier sector has endured in living memory. The breakbulk and project cargo sector remain weak, with ...

Perishable reefer trade growth to remain strong, says Drewry

Despite many adversities for the maritime sector over the last year, seaborne perishable reefer trade increased in 2015 – and is forecast to grow further still in 2016. By 2020, seaborne ...

Spot rates sky-rocket after Hanjin collapse

Spot container freight rates on the major routes from Asia soared by up to 42% yesterday following the collapse of Hanjin Shipping, data from the World Container Index reveals.

Rate ...

Growth in the leased container equipment fleet to slow

Following markedly slow growth of just 3.5% in 2015 due to decreased rental demand, the global leased container equipment operating fleet is forecast to increase by little more than ...

New container equipment prices to fall to record lows

Cheaper production and material costs as well as weaker demand has driven the price of new container equipment down to record lows and is forecast to fall further during 2016 ...

Rising refinery capacity to dent crude tanker shipping outlook

A steep rise in refinery capacity in the Middle East, the world’s crude oil production hub, will diminish oil trade growth and with it prospects for tanker shipping, according ...

Pressure mounting on VLGCs rates

A wave of cargo cancellations from the US is putting additional pressure on VLGC rates, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Drewry ...

Spot rate trends on Asia-Europe see reversal

The downwards trend line in Asia-Europe spot freight rates has finally been reversed, as data from World Container Index Shanghai-Europe reveals yesterday.

Whereas the first four months of 2016 saw ...

Dry bulk charter rates rising on unexpected demand growth

Increasing trade and contracting supply will support a recovery in charter rates on major dry bulk shipping routes, with the prospect of China importing more coal and iron ore to ...

MR tanker time charter rates under pressure

Time charter rates in the smaller chemical tanker vessel sizes are expected to remain stable over the next two years, but rates for the larger sizes, especially MRs, will decline ...

Drewry: M&A deals change the landscape in the container ports industry

Softening demand growth coupled with larger liner shipping alliances and bigger ships is moving the container ports industry towards a value sector from growth sector, albeit still highly profitable, according ...

LNG market needs more vessels than currently on order

Despite the current weakness in LNG shipping rates, Drewry maintains its bullish long-term outlook for LNG shipping and believes that the market will require more vessels than listed on the ...

Container shipping rates have bottomed out and forecast to rise

Container freight rates are forecast to rise modestly over the next 18 months from the all-time lows reached recently, but this will not be sufficient to rescue the industry from ...

Light at the end of the tunnel distant for multipurpose shipping

The demand outlook for the multipurpose fleet has not improved since the first quarter of 2016. The breakbulk and project cargo sector remain weak, with little suggestion that volumes will ...

Six-month high for service reliability

Ocean carriers achieved a six-month high for liner service reliability in May, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors.

The on-time ...

Slowing shipping fleet growth to ease officer shortage

Slowing growth in the size of the shipping fleet will reduce the shortage of officers over the coming years, according to the latestManning report published by global shipping consultancy ...

East-west shippers see cuts in their container contract rates

Ocean freight rates for cargo moving under contracts on the major East-West trade routes fell by another 18% between February and May, according to Drewry’s Benchmarking Club, a closed ...

Rising VLGCs fleet to put further pressure on LPG shipping rates

LPG shipping freight rates are forecast to deteriorate further through 2016 as a result of the fast rising fleet of Very Large Gas Carriers (VLGCs) which has already started to ...

Chemical shipping freight rates to remain firm

Chemical tanker shipping freight rates are expected to remain firm over the medium term, thanks to rising production capacity in key exporting countries, according to the latest edition of the ...

Drewry: 2016 to be weakest box production year since 2009

Prices for new dry freight containers declined to their lowest point since 2002 during first-quarter 2016 and are still going down, according to the latest edition of the Container Equipment ...

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