Drewry’s today reported that its World Composite Index (WCI) increasedby 4% or $344 to reach $9,330.28 per 40ft container – which is 368% higher than the same week in 2020.The UK-based shipping consultancy expects rates to increase further in the coming weeks. The average composite index of the WCI, assessed by Drewry for year-to-date, …
Drewry’s sees soaring container rates continuing Read More »
According to UK-based Drewry maritime consultancy, global container carriers are on track for an annual 2021 profit of $80 billion, and this could even stretch to $100 billion should rates continue their meteoric rise through the second half of this year. This represents a substantial upgrade to its $35 billion forecast of earnings before …
Drewry forecasts $80 billion profit in 2021 for container lines Read More »
More than 300 liners are waiting for berth space globally according to a report on Splash247. Data published today by Seaexplorer, a container shipping platform created by logistics giant Kuehne+Nagel, shows the global carrier snarl-up with supply chains is under enormous stress. From Shekou to Seattle, Amsterdam to Auckland, containerships are backing up like never …
Diminishing attractiveness of a career at sea, coupled with rising man-berth ratios and continued fleet growth will lead to the highest shortfall of officers to crew the world’s merchant fleet in over a decade by 2026, estmates London-based Drewry shipping consultancy in its latest manning report. Drewry believes the latest trends will have important implications …
Officer shortfall at sea heading for decade-high by 2026 Read More »
London, UK, – 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 the latest Ship Operating Costs Annual Review and Forecast 2020/21 report published by …
COVID-19 drives up ship operating costs according to Drewry Read More »
The current officer shortfall to crew the global merchant fleet is forecast to widen amid reduced attractiveness of a career at sea, according to the latest report from the global shipping consultancy Drewry. The consultancy estimates that there is a global officer shortage equating to around 2% of overall demand, though presently this is masked …
Officer shortfall forecast to widen according to Drewry Read More »
