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The oil market has been highly volatile in 2019 on account of uncertain supply. Although Drewry expects growth in non-OPEC oil supply to be higher than growth in global demand in 2019, US sanctions on Iran and Venezuela and OPEC’s market management have made oil prices very unstable.
Drewry has downgraded its outlook for multipurpose shipping, which includes both breakbulk and project cargo vessel types, in light of weaker projected global economic growth, greater competition from dry bulk and container sectors, as well as slower ship demolitions.
Canada’s first propane export terminal – RIPET – has become operational, augmenting global LPG supplies. The entry of the country as a new LPG supplier and the strategic location of the terminal will favour exports to Asia and provide an opportunity for Canada to garner a good share of the Asian LPG market.
Written by one of the sector’s leading experts our Multipurpose Forecaster provides an unparalleled depth of market analysis. This subscription package comprise the annual market review together with quarterly sector updates.
Widely regarded as the go-to reference for the global container industry, this product provides comprehensive market forecasts and analysis for container trade and port volumes, global supply and demand, trade route analysis and much more. All quarterly report updates are accompanied by tables, charts and graphs in MS Excel format.
Manning costs have risen moderately over the past 12 months, checked by easing officer supply shortage, and are forecast to rise at a similar pace over the next five years, according to Drewry’s latest Manning Annual Review and Forecast.
Key US ports, leading global container lines and specialist car carriers will all be adversely impacted should the proposed US auto tariffs be implemented in the second quarter of 2019, according to an impact analysis published by global shipping consultancy Drewry.
The level of satisfaction concerning container carriers among exporters, importers, and freight forwarders falls marginally, according to the third annual shipper satisfaction survey of Drewry and the European Shippers’ Council (ESC).