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Diminishing seafaring appeal to tighten officer availability

Diminishing seafaring appeal to tighten officer availability


19 Oct 2020


Officer availability varies significantly by nationality and rank, with important implications for recruitment, retention and wage rates, particularly in light of tightening labour market conditions.

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China-Australia tiff to hit dry bulk demand

China-Australia tiff to hit dry bulk demand


16 Oct 2020


The Chinese government has prohibited the import of Australian coal, which will be detrimental for dry bulk vessels as Chinese importers will shift from Australia to Indonesia and Mongolia, resulting in a decline in average haulage length and a loss in shipping demand.

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Floating storage: a ticking time bomb for the crude tanker market

Floating storage: a ticking time bomb for the crude tanker market


17 Sep 2020


There is no denying that a sudden plunge in oil demand on account of COVID-19 proved to be a blessing in disguise for the oversupplied crude tanker market in 2Q20, which led to a surge in onshore and offshore storage of crude in March-April. While an increase in onshore storage of cheap oil by refineries boosted tonnage demand, a rise in floating storage of crude oil squeezed tonnage supply in the crude tanker market.

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Chinese port inventories flooded with US MEG supply

Chinese port inventories flooded with US MEG supply


21 Aug 2020


US cargoes are getting discharged at Chinese ports with heavy MEG volume. The trade pattern has the potential to support freight rates on long-haul routes and increase spot activity in 2H20.

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COVID-19 pushes US LNG into a tight spot

COVID-19 pushes US LNG into a tight spot


13 Aug 2020


The pandemic-led weak projections for economic growth will derail US LNG exports in full-year 2020 with the country also losing ground in the long term due to major delays in liquefaction projects.

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News

Drewry launches exclusive membership Club as part of 50th year celebrations

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.

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.

Reefer shipping to outpace dry cargo trade despite container shortages

Growth in seaborne perishable cargo slowed in 2019 but is forecast to better weather the COVID-19 induced economic storm than the dry cargo trade given the broader resilience of the food supply chain, according to Drewry’s latest Reefer Shipping Annual Review and Forecast.

Drewry launches detention and demurrage support service

Drewry Supply Chain Advisors launches new service combining relevant data points with best practice insights to help BCOs more effectively manage these costs.

Events

Multipurpose Shipping Market Outlook

Join us for a FREE Drewry online briefing at 0900 or 1600 GMT on Wednesday 28 October 2020 on the outlook for the multipurpose shipping market. Hosted by Susan Oatway, Senior Analyst for Multipurpose & Breakbulk Shipping and Martin Dixon, Head of Research Products.

Port Technology Container Terminal Automation Conference

Eleanor Hadland to discuss terminal automation benefits and opportunities for larger terminals and smaller facilities.

Coastlink Conference Antwerp 2020

Chantal McRoberts will present our market outlook for European short sea ports.