All Drewry articles
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ArticleRed Sea reopening enters wait-and-see phase as carriers weigh risks
A fragile ceasefire and mixed signals from the region have put the Red Sea reopening into a wait-and-see phase. BBC Chartering is taking a measured approach, stressing that safety must be assured before any return, while Drewry warns that a gradual restoration of traffic through Suez could squeeze breakbulk carriers as competition intensifies with container lines.
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NewsDrewry: Multipurpose shipping faces rising risks amid slow green shift
Shipping sector analyst Drewry said the multipurpose and heavy lift market is navigating choppy waters, driven by a convergence of global short-term shocks and long-term structural transformations. While the sector has a history of resilience, complacency is not an option.
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NewsProposed USTR fines for heavy lift shipping ‘unfeasible’ in free market
The US Trade Representative (USTR) has proposed large fees for vessels operated by Chinese ship operators or those built in China that dock at US ports, in a bid to counter China’s dominance in the maritime trade. Drewry’s analysis highlights the scale of the potential impact on the heavy lift and multipurpose shipping sector.
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NewsDrewry’s Multipurpose Time Charter Index
The Drewry Multipurpose Time Charter Index tracked upwards over the past month to hit USD9,259 per day at the start of September 2024.
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NewsJIT ship arrivals key in reducing GHG emissions at ports
Maritime industry analyst Drewry has identified the use of smart port technologies to facilitate ‘just in time’ ship arrivals as a way to significantly reduce greenhouse and pollutant gas emissions at ports.
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NewsHapag-Lloyd and Maersk enter Gemini Cooperation
Container lines Hapag-Lloyd and Maersk have signed a long-term operational collaboration agreement, which will start in February 2025 and comprise a fleet pool of around 290 vessels.
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NewsFull ships or a damp squib? Gauging the multipurpose market
With a promising project pipeline and a supply side that favours the market, the multipurpose shipping segment is in a stable state, despite 2023 landing somewhat flatter than expected.
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NewsMPV orderbook faces supply-side risk
The multipurpose sector’s vessel orderbook is small, at just under 2.4 million dwt. China’s dominance in fulfilling those orders puts the fleet expansion in a precarious position, according to analyst Drewry.
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NewsMultipurpose market in a quandary
The multipurpose shipping market is finds itself in a quandary. Both shippers and carriers report upcoming demand, particularly in in the premium sector, with forward bookings placed. There is also growing impetus from the oil and gas sector. However, the actual present level of activity and availability of prompt cargo is weak.
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NewsDrewry sees increase in multipurpose scrapping activity
Shipping industry analyst Drewry said that it has started to see an increase in multipurpose vessel demolition activity, although levels are still low in comparison to historical averages.
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ArticleRebalancing the multipurpose shipping market
At a glance, 12 consecutive months of falling rates might be cause for alarm for the multipurpose and heavy lift shipping market. However, there is more going on than meets the eye. Owners and operators remain bullish, both now and for the future. David Kershaw reports.
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NewsOfficer supply shortfall reaches record high
Officer supply shortfall has reached a record high and is not expected to improve, leading to manning cost inflation, according to the latest Manning Annual Review and Forecast report published by shipping consultancy Drewry.
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NewsMaersk to retire Hamburg Süd and Sealand brands
Maersk will retire the brands Hamburg Süd and Sealand as well as more recently acquired brands that have joined the group.
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NewsOatway departs Drewry
Susan Oatway has stepped down as Drewry’s principal breakbulk and multipurpose analyst.
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NewsMultipurpose shipping in position to weather 2023 storms
While multipurpose vessel rates are expected to soften through 2023, the rate of decline is expected to be less than in competing sectors such as containerships and handysize dry bulk carriers, according to the latest forecasts from Drewry.
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NewsLack of capacity management leaves container market exposed
Old habits die hard, according to analyst Drewry, which in its latest Container Forecast report explained that rather than control capacity, the market’s instinct to preserve volumes and lower prices to secure short-term bookings kicked in.
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NewsThe costs of decarbonisation
Shipping industry analyst Drewry has published its first industry-wide costings to transition European cargo shipments to greener fuels, with the extra bills running to as much as USD14.5 billion.
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NewsA stagnating fleet and slower growth
In its latest multipurpose and heavy lift shipping market outlook, Drewry predicts further charter rate declines heading into 2023.
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ArticleProject logistics providers adapt to market realities
With the world in turmoil, project logistics providers are operating in an environment where the only certainty is uncertainty. David Kershaw takes a look at how companies are coping and at where the markets may be heading.
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NewsAntwerpXL reveals conference agenda
The conference programme for the AntwerpXL conference has been unveiled.