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 »
While 2020 isn’t expected to be a strong year in terms of newbuilding activity, these first few days suggest otherwise. In its latest weekly report, shipbroker Allied Shipbroking noted that “buying interest seems to have still held during the las…
Newbuilding Activity Starts the Year on Strong Note Read More »
2019 saw the implementation of regulations related to crew, lifesaving, fire safety, environment, cargo, and certification. This year too there will be numerous regulatory changes and for the first time the industry will see a global regulation coming …
Charting the 2020 maritime regulatory landscape 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 »