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 the global port operator’s proposed $765m purchase of North Europe’s leading feeder and domestic container carrier from private equity group Nordic Capital has had analysts … [Read more...]
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 to the latest Manning report published by global shipping consultancy Drewry. The lack of confidence in the industry has seen wage increases almost at a standstill … [Read more...]
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 the latest Multipurpose Shipping Market Review and Forecast report published by global shipping consultancy Drewry. This year started out well with most demand drivers for the … [Read more...]
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 success in lifting rates to their ability to juggle supply-demand peaks and troughs. Drewry’s Global Freight Rate Index was 37% higher in the first five months of this year than in the … [Read more...]
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 any market upturn will be heavily influenced by the level of scrapping, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry. The ongoing overcapacity in … [Read more...]