For the week ending 4 October, the Drewry Indices were a mixed bag. The LPG index rose 7.9% due to surging VLGC TCE rates. The Crude Tanker Index increased 6.4% following the growing tensions in the Middle East. On the flip side, the LNG Index declined 0.6% and the Container Index dropped 9.2% as the strikes on the U.S. East Coast were suspended following a tentative wage deal. For more detailed commentary on sector-specific indices, continue reading at: https://lnkd.in/euefwpg2 #shipping #financialresearch #maritimestocks
Drewry Shipping Consultants Ltd
Maritime
London, England 44,956 followers
Independent maritime research and consulting services
About us
Drewry is a leading international provider of research and consulting services to the maritime and shipping industry. From its origins in 1970 London to a 21st century maritime and shipping consultancy, Drewry has established itself as one of the most widely used and respected sources of impartial market insight, industry analysis and advice. Offering a unique combination of sector knowledge, rich market insight and commercial awareness Drewry is able to consistently deliver the performance, profitability and competitive advantage its clients seek. Drewry serves its clients through four business units: Drewry Maritime Research, publishing market-leading research on every key maritime sector; Drewry Maritime Advisors, supporting the needs of shipping and financial institutions; Drewry Supply Chain Advisors, providing ocean freight cost benchmarking and procurement advice to retailers and manufacturers; and Drewry Maritime Financial Research, providing a truly independent investment research and advisory service on companies operating within the maritime industry. Drewry has a truly global perspective of the maritime sectors and areas of expertise it covers and employs over 100 professionals across an international network of offices in London, Delhi, Singapore and Shanghai.
- Website
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https://www.drewry.co.uk
External link for Drewry Shipping Consultants Ltd
- Industry
- Maritime
- Company size
- 51-200 employees
- Headquarters
- London, England
- Type
- Privately Held
- Founded
- 1970
- Specialties
- International shipping & logistics, Maritime industry research reports, Maritime equity research, Ocean freight cost benchmarking, Supply chain advisors, Maritime financial advisory services, Maritime research and advisory services, and Ocean Freight Procurement Solutions
Locations
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Primary
35-41 Folgate Street
London, England E1 6BX, GB
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Urban Square
Gurugram, Haryana 122 098, IN
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Singapore
Singapore, SG
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Shanghai
Shanghai, CN
Employees at Drewry Shipping Consultants Ltd
Updates
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We continue to publish weekly AIS fleet performance insights by vessel segment across the main bulk shipping sectors; this week featuring insights for Crude Aframax, Dry Bulk Supramax and LPG FR. https://lnkd.in/e29qDZKa Please take a moment to Register and Login to download these updates or access via Drewry OnDemand - from where, these and other sector updates and market commentary is regularly published. NB Drewry OnDemand can now be seamlessly accessed from the 'Drewry Online Services' > OnDemand menu option in the upper menu bar of the Drewry website. #Drewry #MaritimeResearch #OnDemand #Shipping #CrudeShipping #DryBulkShipping #LPGShipping #MaritimeMarkets
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Drewry expects 66 LNG carriers (LNGCs) to join the fleet this year, while 94 LNGCs are scheduled to be delivered in 2025, inflating the fleet amid easing vessel demand due to limited new capacity addition. LNG shipping is poised for a balanced market, with rates to soften in 2024-25. However, the supply-demand fundamentals, harsh weather conditions and geopolitical and canal transit risks will support rates. Meanwhile, a lot hinges on the US presidential elections, sanctions on Russian LNG and European gas demand. Read more at: https://lnkd.in/eNPAQZNu #shipping #lng #fleet
LNG shipping battles fleet expansion, but rates to revive from 2026-27
drewry.co.uk
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Join Peter Molloy (LLM, FICS) and other industry experts at Antwerp XL tomorrow at Antwerp Expo! Looking forward to seeing you there. Register at: https://www.antwerpxl.com/ #AXL #AXL24 #AntwerpXL #Breakbulk #ProjectCargo #Shipping #HeavyLift #Logistics #Freight #Maritime #PortofAntwerpBruges
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Senior shipping stakeholders with interests across the bulk shipping sectors are discovering Drewry OnDemand our all-new Maritime Research Knowledge Centre. Register/login to the Drewry website to seamlessly access free market opinions, AIS generated fleet performance and key sector insights within this powerful resource. Email us at [email protected] to arrange a demonstration of the platform. Subscribers to our bulk shipping Forecaster research services benefit from access to premium features and the full data series within OnDemand, including the ability to select, compare and visualise countless key variables such as charter rates, vessel type, commodity, key macroeconomic data points etc to more accurately track and better understand market development. #Drewry #MaritimeResearch #OnDemand #Shipping #Transportation #BulkShipping #MarketForecasts #Logistics
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Drewry Shipping Consultants Ltd reposted this
Container traffic nearly matches monthly record in August August was another bumper month for loaded container traffic, with shipments very nearly matching the highest ever total recorded in May this year, according to the latest data from Container Trades Statistics Limited (CTS). CTS’ numbers show that loaded volumes increased 5.3% YoY in August to reach 16.05 mteu, about 1,300 teu below May’s peak (see charts). On a MoM basis, world traffic increased 2.6% in August. The container market has now seen 13 consecutive months with YoY gains and the latest results mean the YTD total after eight months reached 113.7 mteu, an increase of 6.7% on the same period last year. Every region is in positive YTD growth territory so far this year, although there is a fairly wide high-low spread. The fastest growth for total loaded shipments (imports and exports combined) has occurred in North America, up 11% YTD, while South Asia/Middle East has the lowest YTD growth at 2%. North America’s position at the top of the growth charts is largely due to a 14% YTD increase in imports, which tops the inbound regional rankings. Asia sits at the top of the export growth rankings with a 9% YTD improvement. Drewry Shipping Consultants Ltd is hosting a FREE webinar briefing on Thursday 17 October 2024 to discuss some of the highlights from our latest Container Forecaster report, which will include guidance on our revised outlooks for global port handling: https://lnkd.in/e9nBsx3G #CTS #Drewry #containershipping #forecasts
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Drewry Shipping Consultants Ltd reposted this
US port strikes are suspended for now, everyone Talk about uncertainty and disruptions... Just 2 days after the start of the port strikes, the association representing port employers released a statement saying that "the International Longshoremen’s Association (ILA) and the United States Maritime Alliance, Ltd. (USMX) have reached a tentative agreement on wages and have agreed to extend the Master Contract until January 15, 2025, to return to the bargaining table to negotiate all other outstanding issues. Effective immediately, all current job actions will cease, and all work covered by the Master Contract will resume." It does not mean that a firm new contract will be agreed, but it does reduce the risk of US East/Gulf port and supply chain chaos and freight cost increases/surcharges for now. #ports #containershipping #reliability
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If you missed our webinar on the LNG shipping market outlook you can still listen in to the recording here: https://lnkd.in/egFe23hq #shipping #lng #oilandgas #webinar
Webinar - LNG Market Outlook - Oct 2024
https://vimeo.com/
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Drewry Shipping Consultants Ltd reposted this
Great insights from the esteemed panelists on “Market & Trade Overview: What is happening in the industry?” at the TOC Americas 2024 Always energizing to be able to learn from such experts like Lars Oestergaard Nielsen, Ilya Espino de Marotta, Franco Gandolfo, Larissa Barrios Ignacio Rodriguez de la Rua Alvarez served as our moderator Drewry Shipping Consultants Ltd is pleased to be part of this discussion Great to meet with old friends and new acquaintances Maximiliano Alcorta, Cesar Martín Rojas Alvaro, William Elliott, Enrique Piqueras Bertie, Any Rodríguez Lastres, Juanita del Castillio, Leyla Osorio Santamaria, Eduardo E. Lugo T., Ricardo J Sanchez, Victor Gallardo, Claudia Magna, Stephen Shafer, Rodrigo Galleguillos, Cristian Wulf, #TOCAmericas