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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:

Heavy Lift | News

Fesco and RZD team up to link Europe and Asia thumbnail image

Fesco and RZD team up to link Europe and Asia

May 24 - Fesco Transportation Group and Russian Railways Logistics (RZD Logistics) are launching a Trans-Siberian multimodal service to expedite the delivery of goods from Japan to Europe via Russia.
Views: 334
POSH to launch maritime training centre in Taiwan thumbnail image

POSH to launch maritime training centre in Taiwan

May 24 - POSH Kerry Renewables – a joint venture of PACC Offshore Services Holding (POSH) and Kerry TJ Logistics – has signed a memorandum of understanding (MoU) to develop Taiwan’s first specialised maritime training centre. 
Views: 271
PPG restructures training course thumbnail image

PPG restructures training course

May 24 - The Project Professionals Group (PPG) has restructured its project cargo forwarding training course into a one-day format.
Views: 293

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