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Container shipping market has bottomed out

Container shipping market has bottomed out
Hanjin’s receivership represents the trough of the container shipping market and despite continuing concerns of weak trade growth and fleet oversupply a gradual market recovery is now expected.

Little reprieve for multipurpose shipping until 2018

Recent times have been difficult for the multipurpose and project carrier sectors. The sectors remain weak, with little suggestion that volumes will improve significantly until the end of 2017, according to Drewry’s latest Multipurpose Shipping Annual.

Perishable reefer trade growth to remain strong

Despite many adversities for the maritime sector over the last year, seaborne perishable reefer trade increased in 2015 – and is forecast to grow further still in 2016. By 2020, seaborne reefer cargo will reach a staggering 120 million tonnes – increasing by an average of 2.5% per annum, according to the latest Reefer Shipping Market Review and Forecast.

Spot rates sky-rocket after Hanjin collapse

Spot container freight rates on the major routes from Asia soared by up to 42% today following the collapse of Hanjin Shipping, data from the World Container Index reveals.

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Drewry thought leaders and senior analysts are regularly invited to present at industry events and conferences around the world. We look forward to meeting you at one of these forthcoming events.