Upbeat outlook for dry bulk charter rates from onwards 06 nov pdf. Review of maritime transport embargo the contents of this report must not be quoted or summarized in the print, broadcast, electronic or social media before 30 october 2019, 1700 gmt printed at united nations, geneva. Trends in ports and shipping market prospects for the coming years uk global seaborne trade growth source. Drewrys forecasts were finalised before the escalation in trade hostility between the us and china. Drewry s new esourcing ocean freight solution esofs is a cuttingedge advisory and sourcing event execution service which brings efficiency improvement and transparency to the management of the. Trends in ports and shipping market prospects for the coming years. Throughput prediction drewry s recent container forecaster report published at the start of october pitched. Is seafarer supply matching the demand from todays global fleet. Drewry june 20 reefer shipping market 5,122 total number of vessels reefer capacity teu 2. Container shipping profitability to deteriorate in 2016.
Drewry 2016 container shipping outlook impact on average eastwest freight rates lower ship load factors and reductions in carrier unit costs will lead to lower average rates in 2016 eastwest trade routes include asian. According to the december drewry s shipping insight report, newly built vessel deliveries in 2017 were stronger than 2016, but still relatively slow. Container shipping will be lucky to break even in 2015. Drewry financial research services ltd is a wholly owned subsidiary of drewry shipping consultants holdings limited, which as a group is focused on maritime research and advisory services. Uncertainty for container shipping highest in decade. Jul 04, 2019 drewry lowers 2019 container growth forecast to 3 pct july 4, 2019, by world maritime news shipping consultancy drewry has downgraded its forecast for global port throughput growth in 2019 to 3%, from the previous prediction of 3. Drewry s new esourcing ocean freight solution esofs is a cuttingedge advisory and sourcing event execution service which brings efficiency improvement and transparency to the management of the most complex and data intensive sourcing events.
Drewry financial research shipping outlook 2017 returns. A trade war is not yet inevitable, but given the lack of details, quantifying the risk to container shipping is very difficult. Apr 16, 2019 drewry anticipates the industry to be close to equilibrium by 2023 with its global supplydemand index reaching a reading of 97. Drewrys new esourcing ocean freight solution esofs is a cuttingedge advisory and sourcing event execution service which brings efficiency improvement and transparency to the management of the most complex and data intensive sourcing events. Fitness report writing guide for marines by douglas l. Manning costs have grown moderately over the last 12 months, checked by easing officer supply shortage, and are forecast to rise at a similar pace over the next five years, said global shipping consultancy drewry in a new report. Most owners of multipurpose ships mpvs were fairly upbeat at the start of 2012 and, in spite of weak freight rates, continued to be so well. May 12, 2020 drewry sector expertise dry bulk shipping. Drewry maritime research the past 34 years 1980 2014 global seaborne trade growth 3. Burr boulevard teaneck, nj 07666 201 9070009 may 22nd 2020 week 21 the view from the bridge it is ironic that today k line. London, uk, 6 november drewry expects dry bulk shipping charter rates to recover from the second quarter of on the back of strengthening asian iron ore demand, according to drewrry latest edition of the dry bulk forecasterpublished by global shipping consultancy drewry. For further information, please contact james harley, drewry s head of marketing. We forecast 23m dwt actual fleet growth in 2018 adjusting for slippage.
The global volume growth in 2017 absorbed some of the excess vessel capacity in the market, but overcapacity persists. Dec 27, 2019 global shipping consultancy drewry predicts dry bulk charter rates the us china trade war, according to its latest dry bulk forecaster report. Fiftyfour vessels are expected to be loaded within. A trade war is not yet inevitable, but given the lack of details, quantifying the risk to container shipping.
Lng trade also gained momentum on the russia to asia trade lane source. Bloomberg, drewry research dry bulk fleet growth of 1% compared to 3. A gloomier world economic outlook and rising trade tensions have forced drewry to downgrade its forecast for container demand. Drewry downgrades 2019 container growth forecast to 3%. Liner shipping in 2019 port technology international. Drewry maritime advisors container ship fleet forecast and maritime economic assessment uk drewry background and scope discussion drewry background. Mar 15, 2020 global shipping consultancy drewry predicts dry bulk charter rates the us china trade war, according to its latest dry bulk forecaster report. However, despite being dogged by uncertainty, drewry is predicting another solid year for the market, said heaney.
Drewry s forecasts were finalised before the escalation in trade hostility between the us and china. Drewry lowers 2019 container growth forecast to 3 pct. Drewry maritime research products ports and terminals. Drewry maritime research 1517 christopher street, london ec2a 2bs tel. Drewry maritime research, consulting and financial. Jan 15, 2019 last year was one of the most unpredictable the container shipping industry has faced, and this year is likely to be similarly volatile with question marks still hanging over the uschina trade war and new fuel regulations. Drewry is an independent research and advisory organisation for the maritime sector. Key trends in shipping markets espo the european sea ports. The webinar presentation will analyse recent trends and outlook in the main expenditure elements of vessel operating costs, covering 46 different ship types and sizes across all the main cargo shipping markets, as well as several niche segments such as.
Drewry is hearing of shippers building in specific clauses into contracts to alleviate the potential disruption of missed sailings by committing volumes against actual services rather than a. Container shipping analyst drewry has downgraded its forecast for global port throughput growth in 2019 to 3% from its previous prediction of 3. This report is for the sole use of the purchaser and is not to be copied or distributed outside of the. The full report is now available to purchase online. Trends in ports and shipping market prospects for the coming. Jun 20, 2019 drewry news upbeat outlook for dry bulk charter rates from onwards. Container shipping market has bottomed out gcaptain. Unctad, 2019a, the trade and development report 2019. The firm provides market insight and expertise across all the main market sectors of container shipping dry bulk shipping tanker shipping lpg and lng shipping ports and terminals as well as ocean freight cost benchmarks and.
Our research and advisory business units provide an industry. Drewry uses its continuing research, specialist knowledge and global offices, to constantly analyse and decipher markets. Container ship fleet forecast and maritime economic assessment. Dry bulk shipping charter rates should recover beginning in the second quarter of the dry bulk forecaster, published by global shipping consultancy drewry. Annual subscription singlesite licence quarterly forecaster report updates report charts, tables and graphs provided in ms excel format free monthly supplements. Trends in ports and shipping market prospects for the. Writing guide for air force efficiency reports drewry, douglas l. The latest report explores the potential ramifications of the new lowsulfur fuel regulations by the international maritime organization imo from 2020 on supply and demand.
Mar 30, 2020 london, uk, 6 november drewry expects dry bulk shipping charter rates to recover from the second quarter of on the back of. Container shipping special report now available to buy online. Drewry maritime research, consulting and financial advisory. The firm provides market insight and expertise across all the main market sectors of container shipping dry bulk shipping tanker shipping lpg and lng shipping. Drewry financial research shipping outlook 2017 returns set. Financial transparency is something that carriers will need to get used to and to that end drewry financial research services has released a bespoke report, container shipping a financial health check macros and micros that gives an independent view on the financial health of the industry and major companies. Global shipping consultancy drewry predicts dry bulk charter rates will increase due to the uschina trade war, according to its latest dry bulk. Drewry launches covid19 special report assessing the financial health of the container shipping industry in this 50page special report, drewry s investment research team updates its independent assessment of the financial health of the box shipping industry. Global seafarer supply and demand how has the seafarer supply changed in relation to the wider changes in the. Drewry research database, bp statistics nigeria europe 8.
Drewry serves its clients through four business units. Drewry maritime financial research uk dry bulk shipping benign fleet growth in 2018 and 2019 source. Throughput prediction drewrys recent container forecaster report published at the start of october pitched 2019 global port throughput growth at 2. We did build in some element of trade deflation based on past rhetoric and actions, said heaney. Sep 04, 2014 drewry maritime research advises that it has just published its latest reefer shipping report, which has new and improved content on the containerised segment of the market, providing a balanced. Drewry 2016 container shipping outlook impact on average eastwest freight rates lower ship load factors and reductions in carrier unit costs will lead to lower average rates in 2016 eastwest. The report provides both historical and forecast analysis of the market. Jun 11, 2019 the dry bulk shipping team provides strategic, commercial and technical advisory services to industry players and investors.