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COVID-19 to cut shipping container fleet and slow pricing recovery

COVID-19 to cut shipping container fleet and slow pricing recovery


27 Apr 2020


The coronavirus outbreak has disrupted global container supply chains and depressed the demand for vessels and boxes. It will lead to a contraction in the shipping container fleet and keep prices and lease rates under pressure in 2020.

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Coronavirus: rationing container capacity

Coronavirus: rationing container capacity


01 Apr 2020


The world is a very different place to when the last edition of Drewry’s Container Forecaster report was published in December. The only certainty is supply and demand volatility.

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What does coronavirus mean for container shipping?

What does coronavirus mean for container shipping?


27 Feb 2020


The short term impact of the coronavirus health crisis is a sharp hit to global container volumes and carrier earnings, but Drewry expects that the medium-term impact will be manageable provided the virus spread is contained.

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Freight container prices hit 3-year low, widening box manufacturer losses

Freight container prices hit 3-year low, widening box manufacturer losses


26 Jan 2020


Newbuild prices of freight container boxes hit a three-year low at the end of 2019, as intense competition in an oversupplied market heaped more pressure on box manufacturers.

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Same again

Same again


12 Jan 2020


This year will be yet another challenging one for the container industry in terms of capacity management, but they will cope.

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News

CLECAT joins Drewry-ESC transparent tool for bunker charges

CLECAT joins Drewry-ESC transparent tool for bunker charges
European forwarders’ association joins industry initiative on a fair, neutral bunker adjustment factor indexing mechanism for shippers, forwarders and shipping lines.

CLECAT and Drewry to collaborate in forwarder freight rate benchmarking

CLECAT has entered into a collaborative agreement with Drewry to raise awareness of Drewry’s Forwarder Benchmarking Club amongst its freight forwarder membership.

Officer shortage to widen and inflate manning costs

The current officer shortfall to crew the global merchant fleet is forecast to widen, despite the dampening effect of Covid-19, according to Drewry’s latest Manning Annual Review and Forecast.

Drewry launches COVID-19 special report assessing the financial health of the container shipping industry

In this 50-page special report, Drewry’s investment research team updates its independent assessment of the financial health of the box shipping industry. The full report is now available to purchase online.

Events

Container Shipping Market Outlook

Join us for a FREE Drewry online briefing at 0900 or 1600 BST on Tuesday 14 July to hear our update on the container shipping market outlook and guidance on freight rates and carrier profitability. Hosted by Simon Heaney, Senior Manager, Container Research and Martin Dixon, Head of Research Products.

Breakbulk Europe

Come and see Drewry at BreakBulk Europe

Port Technology Container Terminal Automation Conference

Eleanor Hadland to discuss terminal automation benefits and opportunities for larger terminals and smaller facilities.