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Multipurpose shipping earnings to recover 6% in 2020

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

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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Sunny side up for grain and soybean trade in 2020

Sunny side up for grain and soybean trade in 2020

02 Jan 2020

The trade dispute dampened grain and soybean trade between the US and China in 2019 and China’s total imports of grain and soybean from the US in the year were down 18.5 million tonnes over 2017. However, it seems that trade negotiations between the US and China are progressing well, and hence soybean and grain trade in 2020 could re-bound, thereby bringing cheer to dry bulk vessel demand.

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US LNG - Searching for New Destinations

US LNG - Searching for New Destinations

19 Dec 2019

The increase in US liquefaction capacity is one of the major factors driving LNG shipping rates. It has created ample supply of LNG in the global market, with US LNG exports quadrupling in 2018 to reach 18 million tonnes from just 3.5 million tonnes in 2016. In 2019 we project these exports to reach 31 million by year-end; up 68% from 2018.

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Copper concentrate sails smoothly amid Chilean unrest

Copper concentrate sails smoothly amid Chilean unrest

09 Dec 2019

Chile has been facing severe unrest for more than a month now, with a state of emergency declared in some parts of the country and curfew imposed in many regions. Although the country is slowly returning to normalcy after the National Congress of Chile agreed to reform the constitution, businesses have been badly affected across Chile.

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Drewry: modest outlook for container market

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.

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.

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.

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.


Marine Money London Forum

Join Tim Power at the panel discussion ’Political uncertainties in the 2020s and the impact on shipping and finance’.

Ship Operating Costs Trends Briefing

Join us at 0900 GMT or 1600 GMT on Tues, 4 February 2020 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 46 different ship types and sizes across all the main cargo shipping markets, as well as several niche segments such as multipurpose and car carriers.

ASEAN Ports & Shipping 2020

Join Jayendu Krishna presenting the economic outlook and its impact on regional competition.