How shipping containers can make or break the global economy
LONDON : The shipping container is a logistics marvel that can affordably move thousands of items from hundreds of different companies all around the globe. If there is
Drewry: Multipurpose Time Charter Index moving higher
LONDON : The Drewry Multipurpose Time Charter Index tracks one-year period charter rates across a basket of vessel types and sizes and forecasts the market movement over the
Shipping containers to post two consecutive years of decline: Drewry
LONDON : The global pool of shipping containers is expected to contract in both 2023 and 2024, according to Drewry’s latest report on the container equipment market. “While
Forwarder says lines creating “artificial demand”
LONDON : A European freight forwarder has accused the lines of creating “artificial demand” by blanking sailings and talking up a looming empty box crisis. The forwarder, who
Red Sea crisis pushes container shipping spot rates to highest level in over a year
LONDON : Attacks on ships in the Red Sea continue to push ocean freight rates higher, triggering warnings of inflation and delayed goods. To avoid strikes by Iran-backed
Shipping industry steers container production away from China
LONDON: The shipping industry is stepping up efforts to build steel containers outside China, lining up the spare capacity needed to shield a key component of global trade
Competition in container terminal market hots up as concessions end
LONDON : Concessions to operate container terminals around the globe are coming to an end and the competition between terminal operators to win the new contracts on offer
Global production of shipping containers piles up at major ports because of lack of demand for goods
LONDON : Global production of shipping containers has fallen significantly as demand for goods sank following the easing of pandemic restrictions, leaving the corrugated steel boxes piled up
Drewry: Dry Bulkers’ earnings potential improved over the past four months
LONDON : The Drewry Dry Bulk Equity Index decreased 7.6% YTD, underperforming the S&P 500 which rose 8.1% YTD. The decline can be attributed to macroeconomic weakness caused
Drewry: World Container Index Up 1% last week, But 77% down on last year
LONDON : Drewry’s composite World Container Index increased by 1% to $1,763.28 per 40ft container this week.