Drewry and the European Shippers’ Council publish a bunker adjustment factor indexing mechanism for shippers’ reference and guideline.
The mood-music surrounding the container market has deteriorated further in the last three months, resulting in Drewry downgrading its outlook for world container port throughput for the current year.
Online technology platforms where shipping lines and their customers can negotiate forward contracts could help improve vessel utilisation levels and reduce freight rate volatility, according to Drewry and CyberLogitec.
Car carrier shipping is expected to continue its slow recovery, supported by improving utilisation and minimal vessel ordering.
The outlook for global container port demand is modest growth and numerous uncertainties, but in the face of this, capacity expansion plans are also muted.
Smart devices have the potential to radically transform the utility and value of shipping container equipment assets, according to Drewry’s latest Container Census & Leasing Annual Review & Forecast 2019/20 report.
Key US ports, leading global container lines and specialist car carriers will all be adversely impacted should the proposed US auto tariffs be implemented in the second quarter of 2019, according to Drewry.
The level of satisfaction concerning container carriers among exporters, importers, and freight forwarders falls marginally, according to the third annual shipper satisfaction survey of Drewry and the European Shippers’ Council (ESC).
The container shipping industry is facing an exceptionally high level of uncertainty, ranging from the extra cost associated with IMO 2020 and how much carriers will recover from shippers to the possibility of a trade recession and unknown future engagement by shipowners in large vessel building programmes.