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Friday, March 29, 2024
East Coast Ports Face Challenge of Diverted Baltimore Cargo, Drewry Says
Ports

East Coast Ports Face Challenge of Diverted Baltimore Cargo, Drewry Says

Maritime industry consultancy Drewry flags potential challenges for the US East Coast ports due to the diversion of Baltimore’s container volumes

March 29, 2024
Total Views: 1945

Monday, January 22, 2024
Aerial top view of a containership at port
Shipping

Carriers Seek Balance of Speed and Cost to Mitigate Suez Canal Diversions

By Mike Wackett (The Loadstar) – As long as they are able to obtain premium rates, ocean carriers could decide to increase the service speed of their

January 22, 2024
Total Views: 2461

Monday, January 8, 2024
A shipping container passes through the Suez Canal in Suez. REUTERS/Mohamed Abd El Ghany/File Photo
Shipping

Drewry: One-Third of Global Container Shipping Capacity Impacted by Red Sea Crisis

The international container shipping faces a critical couple of weeks as ongoing attacks and reroutings in the Red Sea continue to impact the sector ahead of

January 8, 2024
Total Views: 6560

Tuesday, November 28, 2023
Aerial view of containerships at the port of Southampton
Shipping

Fleet-Heavy Ocean Carriers Also Stuck With too Many Containers

By Mike Wackett (The Loadstar)- Not only do ocean carriers have too many ships, they also have too many containers to fill vessels that are being deployed. In

November 28, 2023
Total Views: 4931

Friday, October 27, 2023
A cargo ship is moored in the Port of Long Beach while cranes retrieve cargo containers from the ship
Shipping

Ocean Carriers’ Hopes for Rate Hike Dampened as Spot Rates Spiral

By Mike Wackett (The Loadstar) – Drewry’s WCI container spot rate index was a sea of red ink again this week, ahead of a planned wave of ocean carrier

October 27, 2023
Total Views: 1438

Friday, September 15, 2023
Containership docking Port of Long Beach
Shipping

Carriers Pull Capacity to Boost Floundering Spot Rates

By Mike Wackett (The Loadstar) – Container spot indices are showing a sea of red ink this week, with short-term freight rates down on all the major

September 15, 2023
Total Views: 1671

Wednesday, June 7, 2023
ship navigation bridge
Shipping

Ship Officer Shortage Worsening, Drewry Says

The global shipping industry’s severe shortage of ship officers has reached its worst on record and shows signs of abating, according to Drewry’s

June 7, 2023
Total Views: 6912

Wednesday, January 25, 2023
Maersk ship entering the Port of Rotterdam. Photo: Shutterstock
Shipping

2M Breakup Leaves Maersk in a Tight Spot

Drewry believes MSC’s biggest size makes it better positioned to go it alone in the competitive market for container shipping, while Maersk’s focus

January 25, 2023
Total Views: 5307

Aerial top view of a containership at port
Shipping

Freight Rates Seen as a ‘Smoking Gun’ on Inflation

By Ana Monteiro (Bloomberg) — The pandemic-era surge in shipping costs was a “smoking gun” that foretold the global inflation spike, and the sharp

January 25, 2023
Total Views: 3371

Friday, October 21, 2022
Aerial top view of a containership at port
Shipping

Export Markets ‘Destabilized’ as Carriers ‘Undersell’ Capacity

By Mike Wackett (The Loadstar) – Ocean carriers are endeavouring to top up their ships from China with heavily discounted spot cargo as their contracted

October 21, 2022
Total Views: 1896

Tuesday, October 4, 2022
Maersk ship entering the Port of Rotterdam. Photo: Shutterstock
Shipping

Managed Decline: Ocean Carriers Face Challenge of Keeping Pandemic Windfalls, Drewry Says

As container shipping’s historic pandemic-fueled bull run comes to an end, ocean carriers are entering a period of “managed decline” where

October 4, 2022
Total Views: 2162

Tuesday, September 27, 2022
Aerial view of a container ship
Shipping

Shippers Finally Holding the Cards Advised Against ‘Seeking Revenge’ in Contract Negotiations

By Mike Wackett (The Loadstar) – Shippers will be back on the front foot when the 2023 contract negotiations begin, but a leading maritime consultant is

September 27, 2022
Total Views: 2691

Monday, August 15, 2022
APM terminals los angeles
Shipping

Surefooted Terminal Operators Show Increased Appetite for Higher-Risk Greenfield Projects

Global terminal operators are showing an increased appetite for higher-risk greenfield projects in the wake of the COVID-19 pandemic, according to industry

August 15, 2022
Total Views: 1328

Friday, July 15, 2022
crane loading container
Shipping

Record Container Ordering in 2021 Created Equipment Surplus, Drewry Says

Container lessors and ocean carriers ordered a record number of containers in 2021 as congestion across global supply chains kept equipment tied up for longer,

July 15, 2022
Total Views: 1618

Thursday, June 30, 2022
container shipping
Ports

Drewry: Beginning of the End for Container Shipping’s Bull Run

Container shipping’s pandemic-fueled boom cycle has undoubtedly taken a turn in recent months, but lingering congestion is likely to prevent a swift

June 30, 2022
Total Views: 21402

Thursday, October 7, 2021
Forecasters See No Supply Chain Recovery Before End of Next Year
Shipping

Forecasters See No Supply Chain Recovery Before End of Next Year

By Mike Wackett (The Loadstar) – Hopes of a return to some form of normality in global supply chains after Chinese New Year in February have been dashed

October 7, 2021
Total Views: 2104

Thursday, September 16, 2021
singapore
Finance

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

September 16, 2021
Total Views: 1558

Thursday, June 3, 2021
ship navigation bridge
Shipping

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,

June 3, 2021
Total Views: 3999

Monday, January 13, 2020
containership
Interesting

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.

January 13, 2020
Total Views: 87

Wednesday, July 24, 2019
Drewry Sees DP World’s Traffic Jarred by Politics, Rival Port
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

July 24, 2019
Total Views: 32
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