Drewry: Recovery of Multipurpose Shipping Rates in Sight

The multipurpose shipping market is expected to see the first signs of recovery by the end of 2017, following in the steps of the dry bulk and container shipping markets, according to shipping consultancy Drewry.

Drewry: Fleet Oversupply to Weaken Chemical Shipping Rates

Softening seaborne trade and rising fleet growth are expected to depress chemical shipping freight rates over the next few years, according to shipping consultancy Drewry.

MSI: Container Shipping Industry Still under Pressure

Whilst freight rates have improved marginally from the extreme lows seen over the middle of the year, the entire container shipping industry remains under significant pressure, according to Maritime Strategies International.

Low Freight Rates Affect Maersk Group’s Profit

Danish shipping and energy conglomerate Maersk Group delivered a profit of USD 438 million in the third quarter of 2016, down from USD 778 million seen in the same period a year earlier, negatively impacted by lower container freight rates.

Tanker Supply – A Gift and a Curse

While tanker demand dictates trade volumes and tanker routes, the volatility of fleet growth on the supply side may have a pronounced impact on freight rates, according to the latest report from McQuilling Services.

Containerized Freight Rates on the Path of Recovery?

The container shipping market is staging a small recovery, with short-term rates for the main Far East Asian to North European ports rising, suggesting long-term costs could soon follow suit, according to Oslo-based benchmarking and market intelligence pl

Drewry: Box Shipping Rates Fall as East-West Price War Rages On

As the price war between container shipping companies persists, contract rates in the major East-West trade routes are expected to see at least a 30 percent decrease for new contracts starting from the second quarter, shipping consultancy Drewry said.