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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

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

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.

Satisfaction survey in container transport: availability of cargo space now number one customer requirement

Container shipping lines’ ability to provide cargo space as needed showed a marginal improvement in 2019, but this gain will have been dramatically reversed by the end of the first half of this year, according to the fourth annual shipper satisfaction survey of Drewry and the European Shippers’ Council (ESC).

Drewry Forwarder Benchmarking Club achieves global coverage milestone

Drewry’s online ocean freight cost comparison service for freight forwarders and non-vessel operating common carriers (NVOCCs) achieves a significant participation milestone.

Drewry begins tracking weekly containership cancelled sailings and waiting times

Drewry Supply Chain Advisors is pleased to announce the launch of two new container shipping tracking services reporting cancelled sailings and ship waiting times every week.

Events

17th Phenol/Acetone & Derivatives Conference

Hu Qing to discuss IMO 2020 and its impact on chemicals shipping and freight rates.

Intermodal Asia 2020

Tim Power to discuss the global overview of the container shipping market.

Breakbulk Europe

Come and see Drewry at BreakBulk Europe