Last year’s contract strategy is unlikely to work as a blueprint for this year's annual ocean tender. Our Supply Chains practice can help put you in control.
Deferrals mean that new containership deliveries in 2018 will not damage the supply-demand balance. More ships are needed to keep up with demand projections, according to Drewry’s latest Container Forecaster report.
The southbound Asia-West Africa container trade scored 10% demand growth in 2017, but this hasn’t translated into higher freight rates due to ongoing over-capacity.
A Drewry survey of shipowners finds concerns over compliance and a general resignation in having to switch to more expensive low-sulphur fuel to meet the IMO’s proposed 2020 bunker regulation.
Smaller ships are making appearances in the Asia-North Europe trade. Cheap charter rates mean that Classic Panamax ships can make a profit in this trade populated with mega-ships.
Transhipment hubs were the most significant winners and losers in terms of liner connectivity in 4Q17, according to Drewry’s new global container port connectivity index.
The southbound Asia-West Africa container trade scored 10% demand growth in 2017, but this hasn’t translated into higher freight rates due to ongoing over-capacity.