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Drewry: Ship Operating Costs Rise for the 2nd Year in a Row

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November 26, 2018 Average vessel operating costs rose for the second year in a row following two years of marked declines, but cost inflation is set to accelerate on higher insurance premiums, shipping consultancy Drewry said. Typical ship operating costs accelerated moderately in 2018 as the uncertain recovery in freight markets across most cargo sectors […]

Drewry: Turkey Lira Crisis May Affect Asia-Med Growth

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August 21, 2018 Rising Asia to Mediterranean freight rates might not last long as economic crisis engulfs Turkey, Europe’s fifth largest importer of goods from Asia, according to Drewry’s latest weekly insight. As explained, the Asia to Europe trade lane has experienced difficulties this year, but the weakness was largely confined to the North Europe […]

Drewry: Rates for Small LPG Vessels to Strengthen Further

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May 17, 2017 Vessel oversupply will persist in the LPG shipping market for the next two years, keeping freight rates under pressure across most size segments. However, the small vessel segment is the only category where fleet growth will be minimal, leading to a recovery in rates, according to shipping consultancy Drewry. Most vessel size […]

Drewry: Dry Bulk Shipping Market to Stay on Growth Path

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May 3, 2017 The outlook for dry bulk shipping remains positive as the gap between supply and demand is set to continue shrinking over the next five years, while charter rates are expected to improve gradually, shipping consultancy Drewry informed. With high demolition activity and low deliveries the fleet would grow at a slow annual […]

Drewry: Fleet Oversupply Postpones Recovery of LNG Rates

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April 26, 2017 The recovery of liquefied natural gas (LNG) freight rates is not expected to start before the latter part of next year, mainly due to the excess vessel supply which is set to reduce only gradually, according to shipping consultancy Drewry. Given the mounting pressure on freight rates and continuing fleet growth, which […]

Drewry: Bigger Ships to Continue Pressuring Freight Rates

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April 17, 2017 Westbound Asia to Mediterranean volumes have been disappointing thus far in 2017, but shipments heading in the opposite direction are surging, according to shipping consultancy Drewry. Similar to the Asia-North Europe trade, the backhaul market is currently on top in the Asia-Mediterranean/North Africa route. Eastbound shipments increased by 16% year-on-year in the […]

Drewry: Charter Market in Unexpected Revival

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April 10, 2017 The charter market has found a new lease of life in the recent weeks driven in part by carriers’ poor network planning ahead of the new alliances, according to shipping consultancy Drewry. In recent weeks time charter rates for some of the biggest available ships doubled since the start of the year. […]

Drewry: Little Hope for Asia-West Africa Volume Recovery

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March 20, 2017 Carriers in the Asia to West Africa container trade could be dragged through another woeful demand story as the container traffic on the route continues decreasing in 2017, according to shipping consultancy Drewry. The traffic in the trade dropped by around one-fifth since 2014. After southbound container flows into West Africa dropped […]

Drewry: Rate Levels Surge from North Europe to Asia

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March 10, 2017 Spot container freight rates from North Europe to China have reached a four-year high as they jumped by 45% this week, according to shipping consultancy Drewry. The market reading on the route from Rotterdam to Shanghai reached USD 1,076 per 40ft dry container on March 9, from USD 740 last week. “Our […]

Drewry: Carriers Reluctant to Narrow Supply-Demand Gap

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February 27, 2017 Amid a huge gap between supply and demand in the container shipping industry, carriers seem to be reluctant to fully seize the opportunity to narrow the difference, according to shipping consultacy Drewry. Namely, the shipping companies are not expected to take the advantage and delay gratification as they still want to get […]