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DREWRY MARITIME SERVICES
The gradual return of ships to the Red Sea hits a key milestoneLeading container line A.P. Moller-Maersk is resuming regular services through the Suez Canal, signaling increased confidence in the safety...- Tariff truce keeps China-US trade flowing across the PacificThe tariff ceasefire between the US and China initially boosted trans-Pacific trade, causing freight rates from Shanghai to Los Angeles to ...
- World’s trade superhighway feels strain from US-China decouplingUncertainty surrounding US trade policies further complicates matters, impacting dry-bulk and tanker operators as well.
- Container shipping rates snap weeks of gains as restock rally fades, snarls easeThe Drewry World Container Index composite of eight major trade lanes dropped 2.2% to $5,806 for a 40-foot unit, snapping a 12-week-long ad...
- Spike in maritime shipping rates is no pandemic flashbackThis round of supply-chain difficulties originates with the threat from Yemen’s Houthis, which is keeping container ships from using their ...
- Singapore port logjam lingers as container ships keep piling inThe logjam at Singapore's container port, accelerated by Red Sea attacks and Houthi rebels targeting vessels, is causing an early peak seas...
- Singapore port container logjam worsens as ships avoid Red SeaSingapore's port faces congestion due to vessel diversions to avoid Red Sea attacks by Houthi rebels, impacting global supply chains and ca...
- Twin crises send cargo ships back to 18th century trade routesHitting routes that handle almost 20% of trade, the issues are forcing vast detours by the global merchant fleet, driving up freight bills,...
- Shipping companies are on a spending spreeMajor shipping firms are spending record profits on new models mostly from shipyards of Korea and China.
- World’s idled container ships signal bet on China recoveryA slowdown in consumer demand — driven by weaker economic growth and higher inflation — is translating into fewer vessels needed for shippi...
- Freight costs fueled inflation. Can they dampen it now?On the demand side, monthly imports peaked at a record $351 billion in March and slid to $330 billion in July.
- Can global shipping be fixed? One regulator will try.The commission regulates the international shipping industry at American ports, an element of modern life that is typically ignored but has...
- Shipping insiders caution against new capacity as prices surgeThe container shipping market is experiencing one of its best years as a perfect storm of Covid-driven purchasing demand, port congestion a...
- Container shipping giant freezes spot rates amid trade chaosGlobal supply chains, with container shipping as their backbone, are struggling to keep pace with the demand for goods and overcome labor d...
- Container shipping earnings now rival Apple. It’s not a good lookThe container lines for years made meager returns after splurging on big ships which led to overcapacity.
- Out-of-control shipping costs fire up prices from coffee to toysA confluence of factors -- soaring demand, a shortage of containers, saturated ports and too few ships and dock workers -- have contributed...
- A summer of sold-out ships awaits as sea cargo chaos intensifiesAny hope for a return to more normal conditions this year was quashed with the beaching of the Ever Given that stalled traffic through the ...
- Atmanirbhar Bharat's container quandary: Where India needs to tick the right boxes, and urgentlyIndia has run into a severe shortage of steel boxes — a key lifeline of global trade — at a time when its exports were just about picking u...
- Proposed grand shipping alliance fires up debatesLast week, shipowners in China have voiced anticompetition concerns in the wake of the proposed alliance, to be known as P3.
- Shippers face higher insurance as pirates run amokShipping your oil across the Gulf of Aden? Don't forget your piracy insurance.
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