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Extended production cut by OPEC+ and dwindling Iranian exports threaten to negate seasonal firmness in tanker market

Extended production cut by OPEC+ and dwindling Iranian exports threaten to negate seasonal firmness in tanker market


11 Jul 2019


The oil market has been highly volatile in 2019 on account of uncertain supply. Although Drewry expects growth in non-OPEC oil supply to be higher than growth in global demand in 2019, US sanctions on Iran and Venezuela and OPEC’s market management have made oil prices very unstable.

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Multipurpose shipping outlook bleaker, but growth still expected

Multipurpose shipping outlook bleaker, but growth still expected


04 Jul 2019


Drewry has downgraded its outlook for multipurpose shipping, which includes both breakbulk and project cargo vessel types, in light of weaker projected global economic growth, greater competition from dry bulk and container sectors, as well as slower ship demolitions.

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Canada to create ripples in LPG market with first propane export terminal

Canada to create ripples in LPG market with first propane export terminal


12 Jun 2019


Canada’s first propane export terminal – RIPET – has become operational, augmenting global LPG supplies. The entry of the country as a new LPG supplier and the strategic location of the terminal will favour exports to Asia and provide an opportunity for Canada to garner a good share of the Asian LPG market.

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Shipowners that opted for scrubber installations may reap rewards

Shipowners that opted for scrubber installations may reap rewards


30 May 2019


Ever since the date of implementation of the regulation on bunker fuel by the IMO was declared, shipowners have been evaluating the pros and cons of fitting scrubbers.

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Taiwan’s LNG imports to grow; expect more long-term contracts

Taiwan’s LNG imports to grow; expect more long-term contracts


15 May 2019


Taiwan’s clean energy plan, low reliance on coal, uncertainty on the future of nuclear energy and rising electricity demand collectively signal higher LNG demand in the country.

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News

Container market disruption seems likely as uncertainty mounts

Container market disruption seems likely as uncertainty mounts
Drewry’s latest Container Forecaster provides scant solace for the container shipping sector as the industry is buffeted by headwinds.

Manning costs to rise below inflation on easing officer supply shortfall

Manning costs have risen moderately over the past 12 months, checked by easing officer supply shortage, and are forecast to rise at a similar pace over the next five years, according to Drewry’s latest Manning Annual Review and Forecast.

Proposed US auto tariffs would have a significant negative impact on key East-West trade routes

Key US ports, leading global container lines and specialist car carriers will all be adversely impacted should the proposed US auto tariffs be implemented in the second quarter of 2019, according to an impact analysis published by global shipping consultancy Drewry.

Satisfaction survey in container transport: Shippers dissatisfied with clarity of surcharges and transit times

The level of satisfaction concerning container carriers among exporters, importers, and freight forwarders falls marginally, according to the third annual shipper satisfaction survey of Drewry and the European Shippers’ Council (ESC).

Events

Cool Logistics Global 2019

Meet Martin Dixon to hear Drewry’s Outlook for Perishable Reefer Shipping

TPM Asia 2019

Drewry to discuss the container shipping outlook, changes, challenges, and opportunities for BCOs.

South Carolina International Trade Conference

Philip Damas presenting the container shipping outlook and challenges and opportunities for BCOs.