Client: A US-headquartered global producer of technology products
Drewry Supply Chain Advisors was selected to manage the 2016 global ocean tender for a US-headquartered global producer of technology products combining procurement best practices, the latest technology and freight cost benchmarks in Drewry’s e-Sourcing Ocean Freight Solution (eSOFS).
The customer is a large global chemical group, whose chemical compound salt business unit produces and exports over 1 million tonnes of products. The customer exports using container shipping, dry bulk and multipurpose shipping for bagged and loose product.
Vessel oversupply will persist in the LPG shipping market for the next two years, keeping freight rates under pressure across most size segments, with any recovery being confined to smaller vessels, according to Drewry’s latest LPG Forecaster.
Recovery in the crude tanker shipping market is not expected until 2020 as weak trade growth and a bloated orderbook limit any rate recovery, with scrapping levels influencing the pace of any upturn, according to Drewry’s latest Tanker Forecaster.
London, UK, 8 May 2017 – Demand for methanol and vegoil will moderately support global seaborne trade, causing the shipping fleet trading in chemicals and vegoils to expand, according to Drewry’s latest Chemical Forecaster.