Drewry: Uncertainty for container shipping highest in decade
The container shipping industry is facing an exceptionally high level of uncertainty, ranging from the extra cost associated with IMO 2020 and how much…
Drewry reverses box shipping outlook as clouds gather
Global shipping consultancy Drewry has downgraded its forecast for container demand over the next five years, pointing to a gloomier world economic outlook and…
East-West freight rates retreated further in fourth quarter
Ocean contract freight rates on the major East-West trade routes saw another reduction in the last quarter of 2015, according to Drewry’s Benchmarking Club,…
Shipping liners serving the US trade lane are currently enjoying a demand jump for box imports, propelled by rising American consumer confidence, according to…
2015 could produce higher profit for more box shipping lines
Despite record vessel deliveries, the container shipping industry is expected to improve its bottom line this year on account of lower unit costs, according…
Cargo slump, capacity growth curtail GRI tries in 2012
Despite attempts at void sailings and capacity reduction on the east-west trade routes, carriers could not push through with most of the planned freight…
Ocean carriers have successfully implemented a series of general rate increases (GRIs) recently, but a number of threats could still derail their return to…
