Drewry

Eastbound trans-Pacific container spot rates just broke $5,900 — here’s why.

Time is running out for container lines as contract rate renewal season nears and spot rates fail to recover.

As new container ships flood the market amid weak demand, Drewry expects low freight rates to persist through 2024.

Jefferies’ Omar Nokta believes container shipping investors are starting to look toward “the end of the destock and beginning of the restock.”

Shipping lines face a minefield of surging capacity and sinking demand, but there is a path to safety, claims one industry expert.

Container shipping rates remain far above pre-COVID levels, yet there are more signs of prices easing.

New reports from Maersk, Kuehne+Nagel and Drewry point to an ongoing boom for container shipping lines.

Ocean carriers could make up for two decades’ worth of losses in a single year as demand overwhelms vessel supply.

The containers that U.S. shippers need are all built in China, where factories could set a new production record this year.

Philip Damas, managing director at Drewry Shipping Consultants, and Andy Gillespie, director of global logistics at Ansell Healthcare Products, chat about the current port congestion and how the situation can be corrected.

As states prepare to administer COVID-19 vaccines, it is still unclear who will be deemed “essential”.

The shipping consultants Drewry predicts carriers should be able to return “solid if unspectacular results”in 2020.

The shift of production from China to southeast Asia is unlikely to stop the trans-Pacific container market from declining this year.

Although air freight prices have been edging upwards, sources suggest the 2019 peak season might be short-lived.

With shippers and carriers unable to predict rates or capacity in the spot market from month to month, can a better alternative be developed by new freight capacity marketplaces?

Asia-Europe demand has been strong for much of the year, but spot rates have tumbled as some lines have cut rates. With demand weakening, carriers are poorly placed ahead of annual contract negotiations, says Drewry.

FreightWaves continues to add depth to its air cargo data with new rate data by lane from industry standard Drewry’s.

Drewry expects service levels to be cut by lines if shippers prove unwilling to foot the bill for mandatory low-sulfur fuels.

The consultants Drewry and supply chain software company CyberLogitec say technology could help small and medium shippers by reducing volatile spot rates.

Drewry says it expects a brief spike in transpacific freight rates to the U.S. West Coast following President Trumps threat to impose a new round of tariffs on imports from China.

International shipping has become one of the largest drivers of domestic shipping volumes in the United States over the past several years. Knowing when and where container volumes are moving can be a leading indicator of when domestic shipping volumes are going to create disruptions in the U.S. freight market. FreightWaves continues to add more […]

The sale of Gioia Tauro, the last remaining major transhipment hub to be operated by an independent terminal company in the Mediterranean, has been agreed today and is now subject to regulatory approval.

Slow steaming is potential way for ocean carriers to meet higher costs of IMO 2020, but it carries risk of further service degradation.

Port of Houston faces choice as to which ships to prioritize; U.K. Parliament turmoil leaves Brexit deal in doubt.

Atlanta-based supply chain consultancy firm Chainalytics and UK-based ocean shipping consulting firm Drewry Supply Chain Advisors have officially formed a partnership through a joint venture, The Ocean Buying Group.