The world’s first and only global source of container spot market freight rates on all the major routes. An essential reference for importers, exporters, freight forwarders and other industry stakeholders requiring up-to-date and independently researched container shipping cost benchmarks.
Drewry Financial Research Services Ltd., the investment research arm of global shipping consultancy Drewry, is pleased to announce the launch of its 2nd Edition special report into the financial health of the global container shipping industry.
Vessel oversupply will persist in the LPG shipping market for the next two years, keeping freight rates under pressure across most size segments, with any recovery being confined to smaller vessels, according to Drewry’s latest LPG Forecaster.
Recovery in the crude tanker shipping market is not expected until 2020 as weak trade growth and a bloated orderbook limit any rate recovery, with scrapping levels influencing the pace of any upturn, according to Drewry’s latest Tanker Forecaster.