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Tag: Drewry

Intra-Asia rates peak ahead of Christmas

Intra-Asia freight rates have reached new year-to-date highs, powered by double-digit growth in China-Southeast Asia trade. Drewry's Intra-Asia Container Index showed that freight rates are...

Industry unease at rising port congestion

Shippers and analysts say that small increases in port congestion at key ports could be a concern, as shippers expect a flurry of activity...

Vessel deliveries set to outpace growth in new year

Deliveries of new ships will double the excess capacity after Red Sea diversions have absorbed the vast swathe of new tonnage delivered this year,...

Intra-Asia rates weaken again; Drewry launches new container index

Average spot rates on most intra-Asia container trade lanes weakened again in the first two weeks of September, according to Drewry’s new Intra-Asia Container...

Nhava Sheva grapples with capacity pressures amid strong competition

Container News conducted an analysis to compare the performance metrics of Nhava Sheva port with other ports in the region or globally to contextualize...

Red Sea effects depleted

Disruption in global supply chains through the knock-on effects of the Red Sea diversions is diminishing as supply and demand becomes more balanced and...

Transpacific troughs as WCI registers double-digit dip even as market await clarity on possible strikes

The Drewry World Container Index (WCI) registered its largest weekly fall in percentage terms since May 2020 at US$4,168, dropping over 13% for the...

Pressure on global supply chains eases

Port congestion and tight vessel capacity are easing across the globe as measures taken by terminal and ship operators alike are clearing bottlenecks and...

GRIs fuel container spot prices, reverse the “post-Chinese New Year rate correction”

The Drewry World Container Index (WCI) reported a 16% increase touching US$3,159 stemming an 11-week phase of decline and stability, led primarily by the...

China backhaul costs mirror headhaul rate shifts

Rates on the Europe to Asia trades have mirrored headhaul trades with China’s import cargo paying more for carriage since the Red Sea crisis...
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MOL acquires majority stake in Gearbulk

Mitsui O.S.K. Lines (MOL) announced that, following regulatory approval under competition law, it acquired a 72% stake in Gearbulk Holding AG on 20 January...

Euroseas sells feeder boxship

Greek owner and operator of container vessels Euroseas announced the sale of the boxship Diamantis P, through its wholly owned subsidiary Euroholdings. The vessel Diamantis...

Shippers target contract innovations as ZIM isolated by Suez revival

Yemen’s Houthis announced the end of their Red Sea blockade all except Israeli shipping, ZIM isolated, as shippers call for contract innovation to meet...

QUAD Alliance reactivation to shape dynamics in Indian Ocean

The recent geopolitical developments highlighted by the first quadrilateral defense meeting hosted by the new US Secretary of State and the unveiling of Iran's...
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