Thursday, September 16, 2021

Marine Money Experts Warn Against New Ship Capacity As Prices Surge

By Elizabeth Low (Bloomberg) Shipowners and financiers should avoid sinking money into new container vessels despite a global crunch because record orders have driven up prices, according to industry insiders....

39 mins ago
Total Views: 208

Thursday, June 3, 2021
ship navigation bridge

Drewry Sees Ship Officer Shortfall Hitting Decade-High by 2026

Shipping consultancy Drewry says the shipping industry should brace for a shortage of officers to crew the world’s commercial fleet in the coming years, with important implications for both hiring...

June 3, 2021
Total Views: 3964

Monday, January 13, 2020

Another Challenging Year Ahead for Container Shipping, Drewry Says

By Mike Wackett (The Loadstar) – 2020 will prove another challenging year for ocean carriers in terms of capacity management, according to Drewry. Although the consultant claimed the industry would...

January 13, 2020
Total Views: 41

Wednesday, July 24, 2019
Maritime News

Drewry Sees DP World’s Traffic Jarred by Politics, Rival Port

By Verity Ratcliffe (Bloomberg) –U.S. sanctions against Iran and competition from Abu Dhabi are reducing traffic at DP World Plc’s home ports in Dubai, according to industry consultant Drewry. Traffic Woes...

July 24, 2019
Total Views: 4

Wednesday, May 1, 2019
rickmers maritime
Maritime News

Drewry Says Scrapping Younger Containerships Will Help Rebalance Supply and Demand

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...

May 1, 2019
Total Views: 65

Wednesday, January 16, 2019
maersk ship
Maritime News

Carriers Show Reduced Appetite for Megaship Orders, Drewry Says

By Mike Wackett (The Loadstar) – A “reduced appetite” for ordering ultra-large container vessels (ULCVs) and carriers instead aspiring to become global logistics integrators could finally balance container capacity supply with...

January 16, 2019
Total Views: 4

Tuesday, August 28, 2018

Is DP World’s ‘One-Stop Shop’ Ambition Too Risky?

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...

August 28, 2018
Total Views: 12

Tuesday, June 5, 2018

Drewry Hits Out at Container Lines as Anger Builds Over Bunker Fuel Surcharges

By Mike Wackett (The Loadstar) – In the face of increasing anger from shippers over emergency bunker surcharges, shipping consultant Drewry too has hit out at ocean carriers for the “failure...

June 5, 2018
Total Views: 22

Tuesday, September 5, 2017
ship navigation bridge

Drewry: Shipping’s Recovery Not Enough to Lift Seafarer Wages

(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...

September 5, 2017
Total Views: 25

Monday, June 26, 2017
cargo ship

Drewry: Multipurpose Shipping Market to Strengthen on Growing Demand

(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...

June 26, 2017
Total Views: 4

Monday, June 12, 2017
Maritime News

Container Lines Praised for Capacity Management Skills

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...

June 12, 2017
Total Views: 28

Wednesday, May 10, 2017
Maritime News

Drewry: Scrapping to Determine Pace of Recovery for Tanker Shipping Market

(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...

May 10, 2017
Total Views: 3

Saturday, April 15, 2017

Survey Says, Shippers Want Partnership With Carriers

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...

April 15, 2017
Total Views: 29

Friday, March 31, 2017
cargo bulk ship
Maritime News

Drewry: Light at the End of the Tunnel for the Multipurpose Shipping Market

(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...

March 31, 2017
Total Views: 4

Friday, March 10, 2017
Maritime News

Spot freight Rates Soar on Backhaul North Europe to Asia Route

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...

March 10, 2017
Total Views: 19

Tuesday, December 6, 2016
cargo ship

Drewry: Market Conditions Force Down Ship Operating Costs

(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...

December 6, 2016
Total Views: 6

Monday, November 28, 2016
loaded containership
Maritime News

Asia-Mediterranean Trade Is Still “Over-Tonnaged” Says Drewry

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...

November 28, 2016
Total Views: 1

Wednesday, November 23, 2016

Drewry: Vessel Oversupply to Persist in VLGC Shipping Sector

(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...

November 23, 2016
Total Views: 17

Thursday, November 17, 2016

Drewry: Ballast Water Management Regulation to Trigger Further Scrapping in Tanker Shipping Market

(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...

November 17, 2016
Total Views: 4

Thursday, November 3, 2016
Maritime News

Drewry: LNG Shipping Under Threat from Cargo Diversions

(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...

November 3, 2016
Total Views: 21