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 […]

Multipurpose Shipping to Pull Through by End of 2017

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April 15, 2016 The multipurpose shipping market is not expected to recover until the end of 2017, when more bulk demand is anticipated for the Handy vessels and therefore more breakbulk cargoes for multipurpose vessels, according to the latest report from shipping consultancy Drewry. The last 12 months have been dreadful for the multipurpose vessel […]