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Container terminal utilisation rates set to increase

The outlook for global container port demand is modest growth and a number of uncertainties, but capacity expansion plans are also muted. This means that most world regions will face an increase in average terminal utilisation, according to the Global Container Terminal Operators Annual Review and Forecast 2019, by Drewry.

Container Port Throughput increases 2.2% in May

After remaining stable for two months in a row during March and April 2019, the global Drewry Container Port Throughput Index increased by three points (2.2%) in May 2019. However, on an annual basis the growth was lower at just 1.1% (1.5 points). A decrease in global growth and tariff war issues were the main factors that affected the index.

Smart devices able to transform value of shipping container equipment

Smart devices have the ability to significantly transform the utility and value of shipping container equipment assets, according to Drewry’s latest Container Census & Leasing Annual Review & Forecast 2019/20 report. Smart containers have expanded in prominence in a very short space of time and the pace of adoption is expected to be faster over the next five years.

Rise of uncertainty results to container market disruption

According to Simon Heaney, Senior Manager, Container Research, Drewry, commented that Drewry remains confident that the world trade will rebound in 2020, but much will depend on developments outside of carriers’ control. 

Drewry: Manning costs to rise moderately in next five years

Manning costs have grown moderately over the last 12 months, checked by easing officer supply shortage, and are forecast to rise at a similar pace over the next five years, said global shipping consultancy Drewry in a new report. 

Drewry: Container port throughput index bounced back in March

The global container port throughput index for March 2019 bounced back to a level of 130.2 points, after experiencing more than 17 points decline in February, Drewry said in its latest Container Port Throughput assessment. This decline was mainly due to the effects of the Chinese New Year holiday period.

Global container port throughput declined in February

In February 2019, the global container port throughput index declined to 114 points, after reaching 131 points in January, according to Drewry’s latest assessment for April 2019. This was mainly due to the Chinese New Year celebrated in February 2019 which dampened activity levels.

Drewry: World Container Index down by 0.3%

The composite index decreased 0.3% this week, but increased by 12.8% when compared with same period of 2018. The Index, a composite of container freight rates on 8 major routes to/from the US, Europe and Asia is down 0.3% to $1,330.29 per 40ft container, as of 18 April. 

Chinese restriction on coal imports affects demand on Panamaxes

China decided to restrict its coal imports in 2019 in less than 2018’s levels. Drewry supports that this decision will dent demand for Panamaxes, but an ongoing tussle with Australia could be the silver lining. The Chinese government aims to curb the coal imports by 3-4% in 2019. This could result to a decline of approximately 10 million tonnes.

Drewry: US auto tariffs may affect American seaports

Drewry published a report according to which the new American tariffs on cars and car parts could have a negative impact on some of the largest US ports. President Donald Trump threatened to impose tariffs on 25% of the cars imported. Drewry supports that in the possibility that President Trump implements the tariffs, American auto imports from overseas markets could fall by nearly 15% by 2021.

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