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World Container Index - 22 Jul

World Container Index - 22 Jul


15 Jul 2021


Drewry’s weekly World Container Index is a composite of container freight rates on eight major routes to/from the US, Europe and Asia.

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Drewry low-sulphur bunker price tracker

Drewry low-sulphur bunker price tracker


12 Jul 2021


For some months we have been publishing a Bunker Adjustment Factor reference price based on low-sulphur fuel and in line with our independent BAF indexing mechanism. Please register and login to access the latest bunker price tracker.

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Extreme spot rates heading for $20,000

Extreme spot rates heading for $20,000


05 Jul 2021


05 July 2021: In April’s Logistics Executive Briefing, Drewry flagged the issue of “extreme freight rates” and predicted that spot rates would continue to increase. Three months on, spot rates have jumped by another 70% or so and we expect rates to get close to $20,000 on some lanes.

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Maritime supply chains stuck in a catch-22

Maritime supply chains stuck in a catch-22


05 Jul 2021


05 July 2021: Sailing schedules cannot be relied upon - as long as ports are congested. But port efficiency cannot really recover as long as vessels “bunch” together, arrive outside the planned terminal windows or divert away from nearby congested ports. Where does this catch-22 leave shippers?

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To bid or not to bid?

To bid or not to bid?


01 Jul 2021


01 July 2021: In the jungle of ever-increasing ocean freight rates, equipment shortages and space limitations, shippers/Beneficial Cargo Owners (BCOs) are wondering whether they should go out to tender their ocean freight rates. Drewry reviews the alternatives.

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News

Officer shortfall to reach decade high by 2026

Officer shortfall to reach decade high by 2026
02 June 2021: Diminishing attractiveness of a career at sea, coupled with rising man-berth ratios and continued fleet growth will lead to the highest shortfall of officers to crew the world’s merchant fleet in over a decade by 2026, with important implications for both hiring and future manning cost inflation, according to Drewry’s latest Manning Annual Review and Forecast.

Reefer container freight rates soar but remain outgunned by dry box rates

Reefer container freight rates have risen sharply this year but remain far outgunned by the inexorable rise in dry box pricing, according to Drewry’s newly launched Reefer Shipping Forecaster report.

Drewry and Freightender partner to bring all-in-one ocean freight procurement e-solution to medium sized shippers

Drewry and Freightender announce they have entered a value-add partnership, combining Drewry’s industry leading ocean freight cost benchmarking and procurement support services with Freightender’s cloud-based, next generation procurement technology platform.

Multipurpose earnings rally at risk from overordering in competing sectors

The rapid recovery in earnings for multipurpose vessels is expected to slow from the second half the year as capacity constraints and supply chain disruptions in competing sectors ease, according to Drewry’s latest Multipurpose Annual.