Search results for: Drewry

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  • 12 May 2014
    Business & Finance

    More shippers are benchmarking their container shipping costs to ensure that they secure the most favourable freight rates possible, Drewry, a  specialist research and advisory organisation for the maritime sector, said in a release. A fast growing number of major US, Asian and Europe-based international companies, including FMCG, industrial and chemicals multinationals and a top-three […]

  • 31 July 2006

    According to London consultants Drewry, shipbuilders have received more than three times as many orders for oil tankers in the first quarter of 2006 as they did one year ago, as owners invested their record profits in new vessels. Drewry’s figures show that contracts were issued for 377 vessels, with a capacity of 38.4 million […]

  • 2 September 2014
    Business & Finance

    Ocean freight rates for cargoes moving under contracts on major East-West routes decreased by 6% between March and July, enabling hard-pressed shippers to reduce their costs, according to the results of Drewry’s Benchmarking Club. The cost reduction, based on contract freight rate data provided confidentially by Asian, American and European retailers and manufacturers to the […]

  • 30 January 2017

    LNG shipowners are bracing for another tough year as charter rates are expected to remain under pressure for the year 2017, the shipping consultancy, Drewry said in its report.

  • 17 January 2017

    A recent spike in Asia to Mediterranean spot rates shouldn’t be mistaken as a sign of permanent recovery of big markets in the Mediterranean as weakness in the East Med region and the spectre of big ships entering the trade will temper carriers’ prospects in 2017, according to analysts at Drewry. The westbound Asia to […]

  • 3 March 2015

    Box traffic from Asia to the Middle East did far better in 2014 when compared to 2013 figures, increasing by 6.9%  to reach 3.27 million teu, Drewry’s container trade statistics show. As explained, much of this growth will have been supported by infrastructure projects through the region. Growth in the container trade to South Asia was […]

  • 19 February 2015

    Container shipping rates on intra-Asia trades have fallen to their lowest level in four years, according to Drewry’s Container Freight Rate Insight. Drewry’s Intra-Asia Freight Rate Index fell 10% in the three months to January 2015 to reach $900 per 40ft, its lowest level since Drewry first started publishing the index in March 2011. The […]

  • 22 May 2017
    Business & Finance

    Container traffic within Asia is flying according to trade statistics, but carriers are yet to feel the benefit, shipping analysts at Drewry say. As reported last week, container traffic surged ahead in the first quarter of 2017 by an estimated 10% thanks in large part to a rapid escalation in intra-regional volumes, particularly within Asia. […]

  • 16 March 2015
    Business & Finance

    Carriers experienced varying levels of disruption from the US West Coast port labour dispute, but despite the near universal misery there was surprisingly at least one ‘winner,’ according to Drewry. Drewry examined data from the Marine Exchange of Southern California and found that the number of container ships anchored has been rising steadily since the start of the […]

  • 3 April 2017
    Business & Finance

    2017 should be a year of small profits for most container carriers but there will be very little room for error, according to shipping consultancy Drewry. The short-term outlook for the container shipping lines looks good as the worst seems to have passed, Drewry said. Drewry initially expected industry operating losses to be in the realm […]

  • 21 October 2014
    Business & Finance

    Drewry Shipping Consultants says no matter how low the oil and bunker prices go, it is confident that ocean carriers will not return to sailing container ships at their design speeds for fear of flooding the market with the latent capacity that has been held in check by slow steaming. Despite bunker being the largest single […]

  • 23 July 2015

    Container service reliability made another steady improvement in June with the aggregate on-time performance for the three key East-West trades rising by 5.7 percentage points to extend the data-series record to 77.3%, according to Drewry’s Carrier Performance Insight. The latest on-time month-on-month gain marks the fifth month out of six that has occurred in 2015. […]

  • 6 January 2016

    Ocean freight rates for cargo moving under contracts on the major East-West trade routes saw another reduction in the last quarter of 2015, according to Drewry’s Benchmarking Club. The Drewry Benchmarking Club Contract Rate Index, based on Trans Pacific and Asia-Europe contract freight rate data provided confidentially by shippers, declined by 5% between August and […]

  • 1 April 2014
    Business & Finance

    Drewry’s latest Multipurpose Shipping Market Review and Forecaster report anticipates better times ahead for the sector following a tough 2013. Last year cargo demand for multipurpose and heavylift vessels was adversely impacted by determined competition from other shipping sectors. While cargo demand has risen steadily since the crash of 2009, the multipurpose sector share of […]

  • 28 October 2014
    Business & Finance

    Carriers will need to provide transparent cost calculations to exporters and importers to justify the cost surcharges which they have announced from January 2015, according to Drewry Shipping Consultants.  Carriers do face additional costs to meet the tighter pollution rules Drewry says, but may have a difficult task convincing big shippers to pay a separate […]

  • 12 May 2015

    Freight rates in the tanker market remained firm in April, considering seasonal weakness in activity and rates in general, Drewry’s Tanker Insight shows. Sluggish fleet growth and improved tonnage demand resulted in high utilisation rates, supporting firmness in freight rates. Despite the shutdown of refineries for maintenance in Europe, stable demand from eastern destinations kept […]

  • 26 February 2015

    LPG shipping earnings are forecast to remain buoyant on the back of low oil prices and the absence of fuel substitution, shipping consultancy Drewry said in its LPG Forecaster.

  • 5 November 2014
    Business & Finance

    Shipping consultancy Drewry and shipment management software solutions provider CargoSmart have expanded their cooperation agreement to cover a broader exchange of market intelligence data on the container shipping market. The two companies first announced their cooperation agreement in April 2012, when Drewry began using data from CargoSmart to augment its coverage of ocean carrier service […]

  • 29 March 2017

    Rates in the multipurpose shipping sector seem to have bottomed out as signs of market recovery emerge after ten years, with momentum expected to build over the next few years, Drewry’s latest Multipurpose Shipping Market Annual Review and Forecast 2017 says. Dry cargo demand is forecast to grow by around 3% in 2018, but within that figure it […]

  • 10 March 2015

     Chemical tanker shipping faces another challenging year of falling freight rates in 2015 but the trade is expected to recover next year, according to Drewry’s latest edition of the Chemical Forecaster. Seaborne trade in chemicals and associated products fell by 1.2% in volume terms in 2014. Drewry attributes this decrease to the overall weakness in the Chinese and […]

  • 29 August 2014

    A sharp rise in LPG shipping demand, particularly out of the US, is driving an ordering frenzy for very large gas carriers (VLGCs) which will increase the size of the LPG shipping fleet by over 50% over the next two years, according to the LPG Forecaster report published by shipping consultancy Drewry. The main demand […]

  • 25 July 2017

    Despite falling freight rates for FSRUs, investment returns at current asset prices and charter rates are higher compared with standard LNG vessels, according to the global shipping consultancy Drewry.