Drewry Container Equity Index was up 6.2% WoW (vs. S&P 500 up 1.3%) for the week ending 7 June, outpacing all other Drewry sectoral equity indices. The container index rose as spot rates spiked. Among others, the LNG Shipping Equity Index grew 4.5%, Ports increased 4.3%, while the Crude Tanker, Product Tanker, and LPG shipping index declined.

11 Jun 2024: This week we provide fleet performance indicators for the Product Tanker, Dry Bulk, and LPG vessel segments.

10 Jun 2024: Using SMART port technologies to facilitate ‘just in time’ ship arrivals has the potential to reduce greenhouse and pollutant gas emissions significantly at global container ports.

05 Jun 2024: The IMO’s enforcement of EEXI and CII regulations from January 1, 2023 marks a significant step in reducing greenhouse gas emissions from the maritime industry. As the regulations become stricter and the major impact expected post-2024, shipowners must proactively monitor and enhance their fleet’s emission profiles to ensure the commercial viability of their vessels.

04 Jun 24: China has seen the strongest increase in seafarer wages across the main seafaring countries, according to the latest Manning Annual Review and Forecast report published by global shipping consultancy Drewry.