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Drewry Report says shipping lines must act now to survive

April 17 - According to a Drewry Shipping Consultants report, container shipping lines must act now to survive the crisis in the industry.

According to the new report 'Capacity Management - surviving the container crisis', while the past six months have seen a huge amount of capacity changes in the container shipping industry, which handles a significant proportion of project cargoes which aren't over-dimensional or overweight, freight rates continue to plummet while the industry avoids the painful decisions that are needed to ensure its collective survival.

The old analogy about "rearranging the deckchairs on the Titanic" is in fact a good one for the crisis the liner industry finds itself in. "If we think of that grand liner as the market - proud, overconfident and heading towards a catastrophe partly of its own making - then we can see the operators desperately rearranging their fleets, while refusing to acknowledge the necessity of abandoning ship - or ships - before the crisis becomes a disaster," the report says.

The Drewry Report analyses how carriers have reacted to the global economic crisis and indicates what steps will need to be taken if they are to survive. 

For more information about the report visit: http://www.drewry.co.uk/publications/view_publication.php?id=344#

Heavy Lift | News

Crosby delivers training courses thumbnail image

Crosby delivers training courses

April 19 - The Crosby Group has conducted two rigging training courses in the USA on behalf of its distribution partner, B.C. Wire Rope & Rigging.
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Egbert joins at Weserport thumbnail image

Egbert joins at Weserport

April 19 - Rudolf Egbert has been appointed to the management of Bremen-based terminal operator Weserport.
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Ritchie realigns in North America thumbnail image

Ritchie realigns in North America

April 19 - Ritchie Bros has made two senior appointments, effective July 1, 2019, as the company aims to realign its organisation in North America.
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