A historic drop in coal-fired electricity generation will not sway global coal demand from its upward trajectory through to 2024, though growth will not be as steep as it has previously been. That outlook from the International Energy Agency’s (IEA) la…
Dry Bulk Market: “This is not the end of coal” says IEA Read More »
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 »