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
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
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,
By Mike Wackett (The Loadstar) – “Alliances are only as stable as their member carriers,” was maritime consultant Drewry’s first comment on plans
By Mike Wackett (The Loadstar) – Despite Maersk Line’s better-than-expected $37m first-quarter net profit, Drewry today reiterated its view that ocean
(Drewry) – Further widening of the supply-demand imbalance at the trade route level and insufficient measures to reduce ship capacity will lead to an
The world’s idle containership fleet swelled to 238 vessels and topped 900,000 TEU in November as owners rapidly lay up containerships as the
The cost of operating cargo ships is forecast to rise over the next two years after falling slightly in 2015, according to the latest Ship Operating Costs
By Mike Wackett, The Loadstar Maersk Line’s decision last week to lay-up one of its 18,000 teu flagships is “good news for the industry”, Drewry
By Mike Wackett, The Loadstar Drewry has almost halved its global growth forecast for container shipping this year, down to 2.2% from 4.3%, and its
Global shipping consultancy Drewry says a recent order from China COSCO for 11 ultra-large containerships (ULCVs) underscores the industry’s
By Drewry Shipping Consultants Having blocked the P3 Alliance on competition grounds, China could now merge China Cosco and CSCL and, as a result, cause
A toxic mixture of overcapacity, weak demand and aggressive commercial pricing is threatening liner shipping industry profitability for the rest of
Despite positive growth momentum, the container shipping industry continues to suffer new, big ship deliveries with no let-up to the ordering frenzy, according
The number of container ships transporting goods around the world has fallen in the first half of 2014 but the total capacity of the global fleet continues to
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