Drewry: Chemical Vessel Oversupply to Continue Squeezing Rates
The expected expansion of the chemical shipping fleet in 2017, driven by the large number of orders placed in previous years, will continue “squeezing rates on major routes over the next two years,” shipping consultancy Drewry said.
Drewry: Oversupply Persists in Asia-Mediterranean Trade
The withdrawal of Hanjin Shipping’s tonnage has not been enough to rectify the Asia-Mediterranean trade’s supply-demand imbalance and the new alliance schedules for next year do nothing to address this issue, 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.