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: 43

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: 11

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: 17

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: 3

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: 18

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: 1

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: 17

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: 13

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: 3

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: 0

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: 10

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: 13

Wednesday, October 19, 2016
Maritime News

Drewry: Container Shipping Market Has Bottomed Out

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...

October 19, 2016
Total Views: 8

Tuesday, August 16, 2016
Maritime News

Carriers Face $5 Billion Annual Loss, Warns Drewry

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...

August 16, 2016
Total Views: 17

Monday, July 18, 2016

Shipping Oversupply to Persist Despite Big Scrapping Plans, Drewry Says

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...

July 18, 2016
Total Views: 15

Monday, June 27, 2016
Maritime News

Shipping Slowdown Seen Easing Officer Shortage

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...

June 27, 2016
Total Views: 1

Monday, May 16, 2016
Hapag-lloyd containership
Maritime News

Drewry Warns New Container Alliance May Have “Too Many Cooks in its Kitchen”

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,...

May 16, 2016
Total Views: 3

Monday, May 9, 2016
Maritime News

Despite ‘Early Gains’, Container Lines in for Another Year of Losses, Says Drewry

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....

May 9, 2016
Total Views: 2