The gloomy outlook for the dry bulk shipping market continues to afflict shipowners, and the market is not expected to return to profitability before 2017, according to the Dry Bulk Forecaster report published by global shipping consultancy Drewry.
New U.S. and Middle East methanol production capacity being added over the next two years will have serious implications for chemical shipping trade flow patterns, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry.
For the sixth month in succession, the Stifel Logistics Confidence Index declined. This trend resulted in the November Index score falling to the lowest registered for three years. The monthly decline registered in airfreight was more moderate than that witnessed in sea freight; the former was down by 0.4 points to 48.9, whilst the latter dropped 2.8 points, amounting to 46.1.
In future conflicts, America's merchant fleet could find itself outnumbered and outmaneuvered on the high seas, say the authors of a new paper on U.S. maritime security.
Containership reliability took a small step backwards in October as the average on-time performance across all trades reached 77.9 percent, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors.
The cost of operating cargo ships is forecast to rise over the next two years after falling in 2015, according to the latest Ship Operating Costs Annual Review and Forecast 2015/16 report published by global shipping consultancy Drewry.
Tired of waiting for Congress, states racing to deepen seaports before the opening of the enlarged Panama Canal next year are picking up the cost of what has traditionally been a federal duty.
Import cargo volume at the nation's major retail container ports is expected to increase 8.3 percent this month over the same time last year as consumers begin their holiday shopping, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Vessel operating costs are expected to rise in both 2015 and 2016, according to the latest survey by international accountant and shipping consultant Moore Stephens. Crew wages, repairs and maintenance, and drydocking are the cost categories likely to increase most significantly over that period.
LNG shipping freight rates continue to be under pressure from weak Asian demand and a growing fleet. Shipowners are now pinning hopes on a revival in European demand. However, European LNG demand growth will not be sufficient to raise freight rates, according to the newly launched LNG Forecaster report published by global shipping consultancy Drewry.
