Latest news from Heavy Lift & Project Forwarding International Magazine

Drewry counsels prudence

November 1 - Supply chain advisors Drewry says there has been remarkable turnaround in fortunes that has seen the shipping industry fight back from a huge first quarter loss to a tidy profit in the second quarter.

So does this mean that carriers are set once again to throw caution to the wind and to return another rates war? Drewry asks.

Taking a longer view helps to explain why lines are shedding staff and why they will continue to press hard for ever more rate increases at a time when the profits are finally rolling in again.

Drewery points out that the shipping industry has lost money in nine of the previous 18 quarters, resulting in a collective deficit of about USD2.6 billion, so carriers are unlikely to get carried away by a solitary period in the black.

Concluding that the short-term challenges of uncertain demand and a glut of new big ships arriving are certainly working against the industry, this all points to higher shipping costs in 2013, Drewry summarised.

Heavy Lift | News

Wallenius SOL to add Vaasa call thumbnail image

Wallenius SOL to add Vaasa call

September 19 - Wallenius SOL – the joint venture of Wallenius and Swedish Orient Line (SOL) – will add Finland’s port of Vaasa to its regular liner network from November 2019.
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CLG takes flight thumbnail image

CLG takes flight

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ALG members move helicopter trio thumbnail image

ALG members move helicopter trio

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ABC and CLA go online thumbnail image

ABC and CLA go online

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