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Maritime Research

Container Market Annual Review and Forecast 2020/21

Annual Review and Forecast

October 2020

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Container Market Annual Review and Forecast

The definitive annual review and forecast

The container shipping industry has been on the front line during the COVID-19 global pandemic, ensuring that trade continues to flow in unpredictable times. Our Container Market Annual Review and Forecast provides the accuracy, detailed insight and industry knowledge required at such a time.

Key areas covered:

  • World container trade and port volumes
  • Global supply and demand
  • Trade Route analysis
  • Freight rates and carrier financials
  • The charter market and S&P


Drewry’s Container Market Review takes a look back at the developments over the last year and how they sit within the broader picture of the container market. Drewry continues to enhance the analysis provided, with relevant forecasts through to 2024.

The Container Market Annual Review and Forecast 2020/21 is one of Drewry Maritime Research’s annual reports, providing a complete review of the industry whilst also presenting detailed forecasts for key metrics. This report is also available as part of the Container Forecaster set of reports.

 

This annual review and forecast is the 3rd quarter edition of the Container Forecaster annual subscription - released on a quarterly basis.


More Information

Fast facts

  • Average one-year time charter rates
  • Recorded monthly time charter levels
  • Average slot charter rates
  • Development of second-hand prices
  • Recent container sale & purchase activity
  • Newbuild and demolition prices
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News

Officer shortfall to reach decade high by 2026

Officer shortfall to reach decade high by 2026
02 June 2021: Diminishing attractiveness of a career at sea, coupled with rising man-berth ratios and continued fleet growth will lead to the highest shortfall of officers to crew the world’s merchant fleet in over a decade by 2026, with important implications for both hiring and future manning cost inflation, according to Drewry’s latest Manning Annual Review and Forecast.

Reefer container freight rates soar but remain outgunned by dry box rates

Reefer container freight rates have risen sharply this year but remain far outgunned by the inexorable rise in dry box pricing, according to Drewry’s newly launched Reefer Shipping Forecaster report.

Drewry and Freightender partner to bring all-in-one ocean freight procurement e-solution to medium sized shippers

Drewry and Freightender announce they have entered a value-add partnership, combining Drewry’s industry leading ocean freight cost benchmarking and procurement support services with Freightender’s cloud-based, next generation procurement technology platform.

Multipurpose earnings rally at risk from overordering in competing sectors

The rapid recovery in earnings for multipurpose vessels is expected to slow from the second half the year as capacity constraints and supply chain disruptions in competing sectors ease, according to Drewry’s latest Multipurpose Annual.