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DREWRY SHIPPING
World container shipping rates keep rising amid port congestionInflation is easing globally except for soaring cargo costs on high seas, with spot rates for shipping containers to US and Europe tripling...
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...
Shipping shows signs of panic as Houthis menace key trade laneIran-backed Houti militants in Yemen have been firing drones and missiles at ships passing by the country’s waters, roiling global trade.
Ships across the world face a hefty $3.6 billion climate billUnder the regulation, which takes effect Jan. 1, vessels going into and out of EU ports must pay for their carbon pollution, affecting deli...
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...
Shipping-cost drop a ‘smoking gun’ foretelling inflation to coolThe cost of shipping a container from Asia to the US peaked at $8,585 in March last year and has since plummeted to $1,200 — the lowest sin...
Ships delay sailing to Taiwan port to avoid China drill zoneShip owners, worried about the possibility of missile strikes, are choosing to idle vessels and burn extra fuel until the drills pass.
Shanghai port rebounds as lockdown loosens but backlog remainsAs firms reopen there will be a rush to purchase raw materials, and then a flood of finished goods leaving factories as companies try to ma...
Container rates to US from Asia fall to lowest since JulyThe Federal Reserve’s Beige Book report noted that “high freight volumes continued to strain distribution systems,” and “contacts expected ...
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...
Cost to ship a boxload of goods to US from China nears $10,000While demand from American consumers and companies is one reason for the rate spike, a shortage of containers remains another reason for th...
Ships skip Singapore as China congestion snarls supply chainThe disruption is causing further pain for global shippers already struggling with interruptions to supply chains from the pandemic, and th...
Maritime consultancy Drewry says breakbulk shipping market is expected to remain weakA report put out by the consultancy stated that although demand growth is expected to recover next year after a very poor 2015.
Shipping industry may confront another deluge of overcapacityHowever, a slight pick up on the back of recovery in global trade and economy recently have lifted hopes and freight rates in the shipping ...
- Drewry hopeful of global container cargo growth
London-based Drewry Shipping Consultants said the industry will know more if the world recession is on the run in the next six weeks after ...
- Drewry draws a bleak 2009 for shipping
Drewry Shipping Consultants has painted an alarming picture of global shipping in its latest quarterly Container Forecaster. The current ye...
- Shortage of seafarers to worsen in future: Drewry Consultants
A new study by Drewry Shipping Consultants has sounded the alarm that the shortage of seafarers will worsen in the years to come.