Drewry Shipping Consultants Ltd News

Starting July 1, 2016, the International Maritime Organization’s (IMO) Maritime Safety Committee approved amendments to The International Convention for the Safety of Life at Seas’ (SOLAS), will require that shippers verify gross container weight prior to shipping. But now, according to a report in the WSJ, IMO says ‘practical and pragmatic’ three-month grace period would calm exporter fears of widespread backups. The top global shipping regulator, trying to quiet industry alarms over impending rules that exporters fear will trigger widespread backups at ports, is recommending a three-month grace period for enforcing the ship-safety rule. Drewry Shipping Consultants Ltd.

The slowdown in China’s economy poses some risks for container shipping, according to Drewry Maritime Research. According to a new report from Drewry Shipping Consultants Ltd, the risks from a slowdown in Chinese consumption to container shipping are far smaller than for the dry bulk sector, but they are not inconsiderable and will contribute to slowing world box growth. Container-shipping lines, already concerned about demand from struggling economies in Europe and many emerging markets, can now add China to their list of problems. The analyst is now predicting a growth in Chinese container throughput of 4.9%, down from 5.8%. This shortfall accounts for around 1.85m teu, roughly 1% of world traffic in 2014.

The rapid expansion of container shipping capacity this year threatens to reverse the strong profitability ocean carriers showed in the first quarter, Drewry Shipping Consultants Ltd said. Carriers weathered a storm of low rates in the first quarter to deliver some of the best profits in recent times. Will big newbuild deliveries and rising costs mean that was the peak, it asks. The London-based consultants said in a report this week that carriers will add at least 100,000 containers, measured in 20-foot containers, of carrying capacity in June and more than that in each month through the end of the year even as shipping prices on major trade routes are declining.

If it wasn’t bad enough that demand in the shipping markets has not recovered, commodity price rises have put more than a little pressure on ship operating costs. Fleet owners and managers are certainly feeling the squeeze in 2011. Drewry has just published its latest annual analysis of ship operating costs, covering 8 vessel sectors and over 35 different sizes of vessel plus detailed operating budgets for a range of oil tankers, chemical tankers, gas carriers, dry bulk vessels…

Drewry Shipping Consultants, in its latest Container Forecast, concluded that 2009 will be the toughest test yet for the Container industry and further casualties are a real possibility. During the last quarter of 2008, carriers have been doing their best to reduce capacity through suspension of a number of high profile east/west services. However, Drewry argues that the gap between supply and demand is still too big. For the short to medium term, carriers can at best only stabilize freight rates that, on the Asia to Europe trade, have recently fallen to uncommercial levels. Drewry’s revised estimate for 2008 global container traffic growth is 152.8 million teu…

London, UK, September 15 2003: Drewry Shipping Consultants, the world's leading maritime consultants, today announced that its latest report, “Annual Dry Bulk Market Review and Forecast 2003/04”, is now available to purchase. This in-depth review of the market addresses the question: how long will the current high freight rates and even higher levels of optimism continue? The market is currently buoyed by high freight rates and even higher levels of optimism but with the market hitting an all time peak in May 2003 and recording consistently firm levels ever since, the question now is how long will this last? “The forecasts for the global economy over the short term are steady…

Drewry Shipping Consultants, the world’s leading maritime consultants, today announced that its latest report, “Annual Tanker Market Review and Forecast 2003/04”, has been released. The research and analyses is being published at a crucial time for an industry that, despite having enjoyed buoyant times of late, is now facing a period of uncertainty that has been precipitated by the introduction of new legislation. “The prognosis, unfortunately for owners, is that the best is behind us and the correction in the freight markets is here to stay.

Drewry Shipping Consultants, announced that its latest report, “Annual Container Market Review and Forecast 2003/04” highlights that despite economic uncertainty, the war in Iraq and the outbreak of the SARS virus, 2003 will be a good year for liner shipping companies as trade volumes, especially to and from China, register strong growth. The report reports how this year has seen a further recovery in the liner shipping industry as the cargo volume surges experienced in headhaul trades out of Asia in 2002 continued into the first half of 2003. What is more, these containers are being carried at significantly higher freight rates than last year, with Drewry Shipping Consultants projecting total gross carrier income of a record US$106 billion in 2003, up more than 19 percent on last year.

Drewry Shipping Consultants announced that its latest report, “Investment in Ships” is now available to purchase. This independent assessment of all the shipping markets identified that most of the world’s leading shipbuilders are in possession of a strong order backlog – Drewry considers the consequences for shipping and recommends a cautious approach. Drewry does not offer generalized recommendations or advocate particular sectors rather than others. The key aim of this report is to provide an understanding of the fundamentals and the idiosyncrasies of the particular sector under evaluation by both highlighting these features and also how they fit in with creating an informed judgement.

London, UK, November 24 2003: Drewry Shipping Consultants, the world’s leading maritime consultants, today announced that its latest report, “LNG Shipping Market Review 2003/04” is now available to purchase. The latest in Drewry’s series of annual reports provides an independent and detailed assessment of the LNG shipping market that has been experiencing discrete, yet substantial, growth since the turn of the century. The report identifies which market trends have been contributing towards this considerable growth and what will enable the market to sustain it. Various factors apply but, since the turn of the century, there has been…

Drewry Shipping Consultants released its latest report, “Annual LPG Market Review and Forecast 2004/05”. Drewry’s main findings make extremely positive reading for ship owners as they are finally experiencing a period of stability and growth. Having experienced dramatic booms and busts since the turn of the century, Drewry’s report highlights how the various market segments are now performing. The new annual review and forecast specifically identifies that small LPG carriers have enjoyed a very good start to 2004 with spot rates for LPG cargoes in Europe rising to their highest level since 1995. Drewry’s report forecasts that prospects for this sector now look better than they have done for many years.

Drewry Shipping Consultants, the world's leading maritime consultants, has released its latest special report entitled: “Floating Production Storage and Offloading (Offtake) unit (FPSO)”. Drewry analyses the origins of the industry in the 1970s and how it has progressed to present day, as well as predicting a future of growth. Drewry's positive outlook for the FPSOs market stems from extensive research, which identifies high oil prices and strong demand for oil as the key triggers for 'marginal oilfields' now becoming more attractive financially. “The FPSOs market has come a long way since its inception in the 1970s. Offshore technology was still in its infancy and the tanker market was struggling due to escalating oil costs caused by the Middle East conflict…

Despite reports stating that the specialist reefer industry continues to lose market share to the reefer container operators, cargo volumes are increasing overall and as a result the specialist reefer carriers are not suffering a reduction in cargo volume. Drewry Shipping Consultants Ltd., leading maritime consultants, has released its latest Reefer report “Annual Reefer Shipping Market Review and Forecast 2007/08”. The report outlines how world reefer trade has grown from 84.6 million tonnes in 1995 to 132.7 million tonnes in 2005, a compound annual growth (CAGR) of 4.6 per cent. Based on current economic forecasts, reefer trade should show strong growth with world trade in perishables set to increase to 199.5 million tonnes in 2015.

Despite claims that most containerships operate on fixed-day weekly schedules, over 40% of vessels operated in liner services arrive one or more days late, according to a ground-breaking global survey from Drewry Container Shipper Insight. Drewry Shipping Consultants carried out what it believes is the liner shipping industry’s largest schedule reliability survey, based on the tracking of 3,300 vessel arrivals on 23 different east/west and north/south trade routes. The continuous survey is an attempt to help shippers plan their supply chains with realistic expectations of delivery times and assist them in the selection of liner carriers.

The global economy remains in a state close to recession, and although authorities are trying to stimulate growth using methods such as reducing interest rates, it is not anticipated that any real improvements will be seen until the year 2000, reports Drewry Shipping Consultants Ltd. in a report detailing various aspects of the shipping industry. Prospects for industry, the report states, remain difficult. Tanker market conditions are being exacerbated as a result of consolidation in the oil sector. The increase in competition is forcing owners to reassess their strategic goals and financial standing and inevitably this is leading to a similar process of amalgamation in the tanker sector.

A new report from Drewry Shipping Consultants Ltd., titled "Container Market Outlook," estimates that in 1998 carriers lifted 14.7 percent more cargo than in 1996 (more than 7.2 million teu), but somehow contrived to earn 1.2 percent less revenue. Industry profitability has also declined, with the Asian crisis making 1998 a particularly bad year, and on the main east-west trades Drewry estimates aggregate carrier losses at almost $2.4 billion - a negative margin of more than eight percent. In 1999, carriers, driven perhaps by desperation, have addressed the revenue gap with more aggression than ever before. Massive rises on Asian export…