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Multipurpose vessel charter rates surpass 2008 peak with further to go

Multipurpose vessel charter rates surpass 2008 peak with further to go


12 Jul 2021


The continued easing of lockdown restrictions across the globe, combined with the capacity constraints in other sectors, mean that charter hire rates for the multipurpose and heavylift fleet are expected to continue to rise from their current peak for the remainder of the year, according to Drewry’s Multipurpose Shipping Forecaster.

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Methanol - a bright future as a marine fuel

Methanol - a bright future as a marine fuel


30 Jun 2021


30 June 2021: Drewry believes methanol can play a major role in meeting the IMO’s emissions reduction targets for the maritime sector for 2030 and zero-emission targets for 2050.

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Asia's summer, Europe's winter create explosion in LNG market

Asia's summer, Europe's winter create explosion in LNG market


29 Jun 2021


29 June 2021: The current LNG market scenario with high LNG demand in Asia and low storages in Europe indicates a ’summer with all attributes of winter’. The statement holds weight with spot LNG prices seven times higher than in 2020 while LNG shipping rates have doubled in June 2021 from last year.

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Can 'green ammonia' be the future marine fuel?

Can 'green ammonia' be the future marine fuel?


09 Jun 2021


The IMO’s emissions reduction targets for 2030 and 2050 have set the stage for all marine fuel candidates to bag the title of ‘carbon-efficient fuel’. LNG and LPG are the front-runners, thanks to their well-established markets and low sulphur content. However, with the evolution of decarbonisation goals, their position is challenged by new greener fuels such as hydrogen and green ammonia.

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China pushes coal trade on the longer route – a boon for smaller vessels?

China pushes coal trade on the longer route – a boon for smaller vessels?


25 May 2021


China continues to block Australian coal and is diversifying its import sources (long haul countries) which will support coal shipping demand in 2021.

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News

Drewry launches shipmanager Steering Group to power vessel opex benchmarking

Drewry launches shipmanager Steering Group to power vessel opex benchmarking
Drewry has launched a new Steering Group of shipmanagers to support development of its flagship Ship Operating Costs Annual Review & Forecast report and share best practice.

Acceleration in port capacity investment insufficient to support cargo demand growth

Surging container shipping cargo demand in the wake of the pandemic has resulted in a significant improvement in the global terminal capacity outlook, but this may not be sufficient to support forecast traffic levels, according to Drewry’s latest Global Container Terminal Operators Annual Review and Forecast.

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.