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LNG market riding high, but will the gains continue?
18 Jan 2021
The LNG market started 2021 on a high note with Asian spot prices crossing $30 per MMBtu while LNG shipping rates recorded a high $350k per day due to freezing temperatures and tight vessel supply. However, the current market conditions are poles apart from the supply-demand fundamentals with the market slated to be in super-backwardation.
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Rough seas ahead for crude tanker market as demolitions drop
21 Dec 2020
The ongoing lull in scrapping activity is a worrying sign for the crude tanker market which is struggling with overcapacity.
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Container equipment shortage due to logistics not fleet underinvestment
15 Dec 2020
Container shipping remains disrupted by box equipment shortages which are restricting available capacity and so forcing freight rates to record highs. However, this is being driven by empty container repositioning issues rather than inadequate fleet.
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Exotic fruit to drive growth in the reefer shipping trade
02 Dec 2020
Growth in the reefer shipping trade has been largely driven by soaring demand for proteins into swine flu-ravaged Asia, but this trend is expected to recede as domestic pig stocks recover. Future growth is expected to come from accelerating trade in exotic fruits, thanks to new technology which is lengthening potential shipping distances and opening up new markets where discretionary spend is rising.
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Appalling fate of non-coking coal trade
12 Nov 2020
While imports to the EU will continue to decline, momentum in Asia’s imports will remain intact over the next five-eight years, thereby supporting dry bulk shipping demand. However, increasing consensus on limiting climate change is expected to decelerate coal imports to Asia post-2030, leading to a drop in non-coking coal trade and consequently dampening employment opportunities for dry bulk vessels.
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News
30 Nov 2020
COVID-19 drives up ship operating costs
Vessel operating costs have risen at their fastest pace in over a decade this year, on higher insurance cover premiums and COVID-19 related expenses, but are expected to moderate in subsequent years as pandemic related spend unwinds, according to Drewry’s latest Ship Operating Costs Annual Review and Forecast.
02 Nov 2020
Fedespedi and Drewry to collaborate in forwarder freight rate benchmarking
Italian forwarder association Fedespedi has entered into a collaborative agreement with Drewry to raise awareness of Drewry’s Forwarder Benchmarking Club amongst its freight forwarder membership.
01 Oct 2020
Drewry launches exclusive membership Club as part of 50th year celebrations
As part of celebrations to mark our 50th anniversary, we have introduced an invitation only membership club for our advisory clients and long-standing subscribers of our maritime research services.
24 Sep 2020
Drewry highlights transformation of rate conditions in transpacific container shipping
Unprecedented transpacific spot freight rates signal that a transformation of the container shipping sector may be underway and that shippers need to adapt.
Events
Webinars
02 Feb 2021
Ship Operating Costs Trends Briefing
Join us at 0900 GMT or 1600 GMT on Tues, 2 February 2021 for an online briefing on the key trends and outlook in ship operating costs. The webinar presentation will analyse recent trends and outlook in the main expenditure elements of vessel operating costs, covering 47 different ship types and sizes across all the main cargo shipping markets, as well as several niche segments such as multipurpose and car carriers.
Webinars
09 Feb 2021
Container Equipment Market Outlook
Join us for a FREE Drewry online briefing at 0900 or 1600 BST on Tuesday 9 February to hear our latest thoughts on developments in the container equipment market. Hosted by Martin Dixon, Head of Research Products and John Fossey, Senior Analyst for Container Equipment at Drewry.
Conferences
16 Mar 2021
Intermodal Asia 2021
Tim Power to discuss the global overview of the container shipping market.
