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....

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...

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...

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...

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 (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...

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...

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...

(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...