Despite many adversities for the maritime sector over the last year, seaborne perishable reefer trade increased in 2015 -- and is forecast to grow further still in 2016. By 2020, seaborne reefer cargo will reach a staggering 120 million tonnes, increasing by an average of 2.5 percent per annum, according to the latest edition of the Reefer Shipping Market Review and Forecast 2016/17, published by global shipping consultancy Drewry.
Spot container freight rates on the major routes from Asia soared by up to 42 percent following the collapse of Hanjin Shipping, data from the World Container Index reveals.
Following markedly slow growth of just 3.5 percent in 2015 due to decreased rental demand, the global leased container equipment operating fleet is forecast to increase by little more than 1 percent in 2016, according to the latest edition of the Container Leasing Industry Annual Report 2016, published by global shipping consultancy Drewry.
Cheaper production and material costs as well as weaker demand have driven the price of new container equipment down to record lows and is forecast to fall further during 2016, according to the latest edition of the Container Census report published by global shipping consultancy Drewry.
A wave of cargo cancellations from the U.S. is putting additional pressure on Very Large Gas Carrier rates, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Drewry.
A steep rise in refinery capacity in the Middle East, the world's crude oil production hub, will diminish oil trade growth and with it prospects for tanker shipping, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry.
Increasing trade and contracting supply will support a recovery in charter rates on major dry bulk shipping routes, with the prospect of China importing more coal and iron ore to combat pollution and poor quality, according to the latest edition of the Dry Bulk Forecaster, published by global shipping consultancy Drewry.
Time charter rates in the smaller chemical tanker vessel sizes are expected to remain stable over the next two years, but rates for the larger sizes, especially medium range (MR) vessels, will decline due to the impact of falling clean petroleum products (CPP) freight rates, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry.
Softening demand growth coupled with larger liner shipping alliances and bigger ships is moving the container ports industry towards a value sector from growth sector, albeit still highly profitable, according to the Global Container Terminal Operators Annual Review and Forecast 2016 report published by global shipping consultancy Drewry.
