Tag: Drewry

Drewry released its outlook for 2022 forecasting that higher carrier profits would drive industry sales past $500 billion for the first time in 2022.

Drewry Maritime Financial Research (DMFR) remains optimistic about continued high stock prices and rising profitability in the  container carrier sector.

For international shippers, 2021 was a difficult year, as the pressures have been relentless, with logistics teams suffering sustained and systemic global supply chain disruption, says Drewry.

Drewry publihsed its lates Container Port Throughput Index, which fell by 2.5% to 137.6 points, down from the all-time high of 141 points recorded in March 2021.

The shipping industry will be facing the highest shortfall of officers to crew the world’s merchant fleet in over a decade by 2026, due to a diminishing attractiveness of a career at sea, coupled with rising man-berth ratios and continued fleet growth, said global shipping consultancy Drewry.

Box equipment shortages have been observed in many ports, which lead to a restricted available capacity, forcing freight rates to record highs, Drewry reports.

Drewry presents its latest port assessment for July to August, part of its Drewry Container Port Throughput Indices, a series of volume growth/decline indices based on monthly throughput data for a sample of over 220 ports worldwide, representing over 75% of global volumes. 

UK maritime research firm Drewry forecasts a new wave of canceled sailing in the following weeks although they believe it will have less impact on shippers, commenting that τη number of sailings cancelled by carriers in the 2-week period starting 28 September will be 6 times the number for the 2-week period starting 14 September.

Global Shipping Consultancy Drewry reported that the current officer shortfall to crew the global merchant fleet is forecast to widen, despite the dampening effect of COVID-19.

Container shipping lines’ ability to provide cargo space as needed showed a marginal improvement in 2019, but this gain will have been dramatically reversed by the end of the first half of this year, says the fourth annual shipper satisfaction survey of Drewry and the European Shippers’ Council (ESC).