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Read the latest thoughts and opinions of our sector experts and lead analysts on key industry events and developments.
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Palm oil supply crunch compels India and China to increase soybean and sunflower oils imports
03 Feb 2020
Increasing biodiesel consumption due to the rollout of B20 biodiesel programme in Malaysia and B30 programme in Indonesia coupled with low production of palm oil will tighten its supply. Top importers like India and China will counterbalance this gap by switching to soybean oil and sunflower oil. This trade shift will result in increased tonne-mile demand and firm vegoil freight index in 2020.
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India’s exports of Jet Fuel/Kerosene to be hit with anticipation of a rise in the country’s demand in 2020
30 Jan 2020
The IEA in its latest OMR report projected a 7% growth in India’s jet fuel demand in 2020, in view of wider economic growth. After plummeting to less than 5% in 3Q19, the country’s GDP is expected to grow 6% this year owing to government corporate tax cuts, coupled with a plan to sell low-performing and loss-making state-owned companies such as Air India where the government has a 100% stake.
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US-China Phase-1 deal brings limited cheer for LNG shipping
24 Jan 2020
With 25% tariff on LNG still in play, the Phase-1 deal between the US and China is not expected to bring any significant change in the LNG trade between the two countries. However, with China requiring additional LNG supplies in the coming years, the US still has the opportunity to become an important supplier for the soon-to-be world’s largest LNG market.
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Multipurpose shipping earnings to recover 6% in 2020
14 Jan 2020
The outlook for multipurpose shipping, comprising both breakbulk and heavylift vessels, is brightening despite rising geopolitical risk and economic uncertainty. Drewry forecasts that average earnings will rise 6% in 2020, and despite a mild correction in 2021 will continue to improve over the longer term on stronger cargo demand relative to capacity.
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Risk premium for tankers to soar amid rising tensions in the Middle East
09 Jan 2020
The recent escalation in the unrest between Iran and the US has raised fears of a wider war in the Middle East. Already heightened geopolitical tensions in the region have resulted in a surge in oil prices, with Brent surpassing the $69 per barrel mark.
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News
16 Jan 2020
Drewry: modest outlook for container market
The outlook for the container shipping market remains soft despite the welcome boost of the ‘phase one’ trade agreement signed by the US and China, according to Drewry’s latest Container Forecaster.
08 Jan 2020
Drewry launches new fuel advisory services for shippers and forwarders
Drewry’s freight cost benchmarking and procurement support division, is pleased to announce the launch of a new range of fuel advisory and management services designed exclusively for shippers and forwarders.
04 Dec 2019
Drewry publishes first low-sulphur BAF reference price
As part of a series of initiatives aimed at bringing greater transparency to fuel costs resulting from the new IMO 2020 low-sulphur regulation, Drewry is pleased to announce the publication of its first low-sulphur reference bunker index tracker.
02 Dec 2019
Ship operating costs rise on higher R&M and insurance spend
Underlying vessel operating cost inflation accelerated moderately in 2019 on higher repair & maintenance and insurance spend, while costs are expected to continue rising at a similar pace in 2020, according to Drewry’s latest Ship Operating Costs Annual.
Events
Conferences
25 Feb 2020
ASEAN Ports & Shipping 2020
Join Jayendu Krishna presenting the economic outlook and its impact on regional competition.
Conferences
01 Mar 2020
TPM 2020 Conference
Philip Damas to discuss IMO2020 and strategies for BCOs to tackle carrier contracting negotiations.
Webinars
10 Mar 2020
Ports webinar briefing: Net-Zero 2050 – can the terminal sector meet the goal without regulation?
Join us at 0900 or 1600 GMT on Tues, 10 March 2020 to find out more on our latest research covering the container ports and terminals market. The session will be hosted by Eleanor Hadland, Senior Analyst in Drewry’s Ports and Terminals practice and Martin Dixon, Director - Head of Research Products at Drewry. Both executives will be available to take questions following a short 20 minute presentation.
