By Mike Wackett (The Loadstar) – Drewry has urged containership owners planning to scrap older vessels this year to “get a move on”. The number of vessels scrapped last year...

By Mike Wackett (TheLoadstar) DP World’s planned acquisition of European shortsea container line Unifeeder took the industry by surprise when the deal was announced earlier this month. The rationale for...

(Drewry) – Despite a recovery in cargo shipping markets, ship manning costs will remain suppressed as shipowners and operators continue to be financially challenged and the officer shortfall recedes, according...

(Drewry) – Many key drivers for dry cargo demand have reported a significant uptick in 2017, resulting in improving conditions for all vessels in the multipurpose shipping sector, according to...

By Mike Wackett (The Loadstar) – Ocean carriers have this year shown themselves to be “well-skilled” in the art of capacity management, according to a Drewry report. It attributes their...

(Drewry) – Recovery in the crude tanker shipping market is not expected until 2020 as weak trade growth and a bloated orderbook limit any rate recovery. But the timing of...

By Gavin van Marle (TheLoadstar) Shippers would prefer to be treated by container lines as partners rather than customers, according to a new survey. Shippers want to be partners with...

(Drewry) – Following another poor year for multipurpose shipping with further erosion of rates making it the worst market in over 10 years, signs of recovery are now evident with...

Spot container freight rates from North Europe to China increased by 45% this week, reaching a four-year high, according to the shipping consultancy Drewry. The “World Container Index assessed by...

(Drewry) – The cost of operating cargo ships has fallen for two successive years but is forecast to rise in 2017 and beyond, according to the latest Ship Operating Costs...

By Mike Wackett (TheLoadstar) The Asia-Mediterranean trade is still “over-tonnaged”, with headhaul ship utilisation below other major east–west markets, according to Drewry. And it believes the new alliance schedules for...

(Drewry) – High scheduled deliveries and low demolition prospects will drive unwanted fleet growth of very large gas carriers (VLGC) in 2017 putting additional pressure on freight rates, according to...

(Drewry) – Weakness in freight rates will increase tanker shipping demolitions over the next two years, with the trend accelerating in later years as a result of the IMO regulation...

(Drewry) – If Asian buyers continue to divert their contracted supply from the US towards Europe and Latin America, it will reduce demand for LNG vessels in the long term...

Hanjin’s receivership represents the trough of the container shipping market and despite continuing concerns of weak trade growth and fleet oversupply a gradual market recovery is now expected, according a...

By Mike Wackett (TheLoadStar) Container lines are enduring a “severe revenue contraction”, said Drewry, after the first six-month turnover figures reported so far by carriers were down an average of...

COPENHAGEN, July 18 (Reuters) – A record number of around 150 container vessels are expected to be scrapped in 2016 but it will not be enough for an industry battling...

The slowing growth in the size of the world’s shipping fleet is likely to reduce the persistent shortage of officers over the coming years, according to the latest Manning report published...

By Mike Wackett (The Loadstar) – “Alliances are only as stable as their member carriers,” was maritime consultant Drewry’s first comment on plans to create a third mega-grouping. On Friday,...

By Mike Wackett (The Loadstar) – Despite Maersk Line’s better-than-expected $37m first-quarter net profit, Drewry today reiterated its view that ocean carriers would collectively record a significant loss this year....