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EU ban on palm-based biodiesel to negatively impact Europe-Asia vegoil trade

EU ban on palm-based biodiesel to negatively impact Europe-Asia vegoil trade


30 Oct 2019


The EU’s demand for palm-based biodiesel is expected to decrease in the long term due to the region’s ban on the use of palm oil in biofuels.

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Shipping container prices tumble on inventory glut

Shipping container prices tumble on inventory glut


23 Oct 2019


Prices for new and second-hand shipping containers as well as lease rates fell in 3Q19 as factory stocks continued to build up and prospects for container shipping cooled.

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LNG shipping rates soar as sanctions hit vessel availability

LNG shipping rates soar as sanctions hit vessel availability


14 Oct 2019


LNG shipping rates have surged to $130,000pd currently from around $80,000pd at the end of September due to tight vessel supply and seasonal firmness in demand. Furthermore, the upward momentum in rates is expected to be maintained.

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LPG shipping largely unaffected by attack on Saudi Arabia

LPG shipping largely unaffected by attack on Saudi Arabia


30 Sep 2019


The recent drone attack in Saudi Arabia affected around 60% of the country’s LPG production. However, Saudi Arabia’s stockpile and increased exports from the US minimised the effect of the production cuts on the global shipping market.

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Indonesia’s unprocessed ores and minerals export regulation: boon for large bulkers, but bane for smaller segments

Indonesia’s unprocessed ores and minerals export regulation: boon for large bulkers, but bane for smaller segments


20 Sep 2019


Indonesia’s ban on exports of unprocessed ores and minerals will result in reduced nickel ore trade, hurting the demand for small bulkers. However, with bauxite trade shifting to Guinea-China from Indonesia-China, large bulk carriers will gain employment.

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News

The time for higher BAF charges has come

The time for higher BAF charges has come
With the enforcement date of the IMO 2020 low-sulphur regulation now only 6 weeks away, shippers and forwarders are starting to get their chequebooks out to help ocean carriers cover the additional cost of the cleaner, low-sulphur fuel.

ESC, Drewry announce an IMO 2020 BAF transparent indexing mechanism

Drewry and the European Shippers’ Council (ESC) have published a bunker adjustment factor indexing mechanism to help shippers monitor and control bunker charges in the run-up to and following the introduction of the IMO 2020 low-sulphur regulation.

New risks heap more pressure on beleaguered container market

The mood-music surrounding the container market has deteriorated further in the last three months, resulting in Drewry downgrading its outlook for world container port throughput for the current year and the rest of the five-year horizon, in its latest Container Market Annual Review and Forecast.

Study findings: Drewry believes future online marketplaces could bring mutual benefit to both carriers and shippers

Online technology platforms where shipping lines and their customers can negotiate forward contracts could help improve vessel utilisation levels and reduce freight rate volatility, according to a joint study conducted by global shipping consultancy, Drewry and maritime supply chain technology provider, CyberLogitec.

Events

Outlook for finished vehicle shipping Briefing

Join us at 0900 GMT or 1600 GMT on Tues, 19 November 2019 for an online briefing on the outlook for finished vehicle shipping. The webinar will provide Drewry’s analysis and projections for finished vehicle trade flows, port trends, car carrier fleet development, freight rate and asset value outlook, as well as industry profitability. The session will be hosted by Tom Ossieur, Head of Car Carrier Research and Martin Dixon, Director, Head of Research Products at Drewry.

Optimised Ship Forum London 2019

Join Martin Dixon presenting the latest insights and findings from our Ship Operating Costs report.