The Shanghai Containerized Freight Index (SCFI) spot rate for transporting one TEU from Shanghai to Europe was up 41% to USD 1,124 per container on 3 January 2020 – its highest level since December 2016 – from USD 800 on 6 December 2019. Th…
Strong container spot rates up at USD 1,124 due to seasonality – not IMO2020 Read More »
The recent escalation in the unrest between Iran and the US has raised fears of a wider war in the Middle East. Already heightened geopolitical tensions in the region have resulted in a surge in oil prices, with Brent surpassing the $69 per barrel mark…
Risk premium for tankers to soar amid rising tensions in the Middle East Read More »
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. Th…
Drewry launches new fuel advisory services for shippers and forwarders Read More »
The impact of technology on the shipping industry will grow in 2020, as companies increasingly introduce cloud-based software and apps in their businesses. The increased availability, reliability and reduced cost of the internet at sea will be the key …
How will technology shape the shipping industry in 2020? Read More »
In collaboration with the Norwegian, Danish and US maritime authorities, battery manufacturers, system integrators, suppliers of fire extinguishing systems, shipyards and shipowners, DNV GL has released a new report on battery safety in ships. The repo…