Drewry - Maritime First Newspaper

Drewry: Prospects Improve for Multipurpose Shipping

…As Panama Canal Sets Record Cargo Volume for FY 2018*** Prospects for the once ailing multipurpose shipping fleet have improved amid a surging growth in renewable...

Maritime5 years ago

Drewry: More Service Cuts Needed to Revive Asia-Europe Corridor

…As Migrant rescue ship, the Aquarius has registration revoked*** It has been a tough year for carriers plying their trade on the key Asia to North...

Maritime5 years ago

Salvage Firms Gearing Up to Move MV Priscilla

…As Drewry says Consolidation between Top Tier Carriers Unlikely*** After several unsuccessful attempts to refloat the Dutch cargo ship which ran aground off Caithness on July 18, a...

Maritime5 years ago

Fire-Stricken Iron Chieftain to Be Retired

…As Drewry: Ascent of the Charter Market Is Over*** The fire-stricken bulker Iron Chieftain is set to be retired due to significant damage sustained during the incident...

Maritime5 years ago

Drewry: Weak Olefin Trade Puts Pressure on LPG Shipowners

…As DP World Completes Acquisition of Cosmos Agencia Marítima*** Strong fleet growth and weak olefin trade are expected to keep the freight market for Handysize vessels...

Maritime5 years ago

Iran Sanctions: Up to 20 VLCCs Could Be Left Without Work

…As Shipping Firm Fined USD 1 Mn for Pollution Crimes*** The likely oil exports decline from Iran stemming from the planned reimposition of sanctions against the country...

Maritime5 years ago

Drewry: Europe-ECSA Box Volumes Break Three-Year Losing Streak

…As EU Commission Clears Maersk Product Tankers Acquisition*** Container shipments from Europe to East Coast South America reclaimed dominance in 2017 as they broke a three-year losing streak by...

Economy5 years ago

Oil rise as production cuts tighten market

…Drewry hints Shortage of Containers Next Year Is Unlikely*** Oil prices rose on Tuesday on the back of an outlook for healthy demand amid ongoing production...

Maritime5 years ago

Drewry: Container Shipping Industry to Earn USD 6 Bn This Year

The container shipping industry is steaming its way toward making an operating profit in the region of USD 6 billion this year, with that sum rising...

Maritime6 years ago

Drewry: Freight Rates Entering Calmer Waters

As DP World to Quit Operating Deal for Indonesia’s TPS Carriers’ lack of success implementing spot market freight rate increases in September is less worrying than...