Vessel operating costs have risen at their fastest pace in over a decade this year, on higher insurance cover premiums and COVID-19 related expenses, but are expected to moderate in subsequent years as pandemic related spend unwinds, according to Drewry.
The pace of container port capacity expansion is forecast to contract at least 40% over the next five years in the wake of the COVID-19 induced slowdown in port throughput, according to Drewry.
The current officer shortfall to crew the global merchant fleet is forecast to widen, despite the dampening effect of Covid-19.
Drewry Maritime Financial Research Services, the investment research arm of global shipping consultancy Drewry, is pleased to announce the launch of a special report into the financial health of the global container shipping industry.
Container shipping lines’ ability to provide cargo space as needed showed a marginal improvement in 2019, but this gain will have been dramatically reversed by the end of the first half of this year.
Drewry is delighted to report that its exclusive online ocean freight cost comparison service for freight forwarders and NVOCCs has achieved a significant participation milestone, with global coverage now extending to over 4,000 port pairs.
Drewry Shipping Consultants is pleased to announce the launch of two new container shipping tracking services reporting cancelled sailings and ship waiting times every week.
Drewry Supply Chain Advisors, the ocean freight cost benchmarking and procurement support division of Drewry, is pleased to announce the launch of a new range of fuel advisory and management services designed exclusively for shippers and forwarders.
As part of a series of initiatives aimed at bringing greater transparency to fuel costs resulting from the new IMO 2020 low-sulphur regulation, Drewry is pleased to announce the publication of its first low-sulphur reference bunker index tracker.