Drewry
‘Do Not Hesitate’: Shippers Urged to Lock in Lower Contract Rates Despite Hormuz Disruptions
With contract season coming to a close, overcapacity is keeping pricing negotiable for importers and…
Soft Demand Sends Ocean Freight Rates Lower Ahead of Lunar New Year
Carriers abandon February rate hike plans and add more blank sailings as pre-LNY volumes fail to materialize.
Trans-Pacific Freight Rate Declines Show No Signs of Letting Up
Spot rates from Asia to U.S. ports have plunged over 50 percent since June peak, with blank sailings and a…
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China’s Cosco Eyes Stake in MSC-BlackRock Panama Ports Deal
The reported potential addition of Chinese investors emerged as the current $23 billion deal has hit…
Moody’s Downgrades US Port Outlook to ‘Negative’ on Sinking Cargo Volume
Meanwhile, Drewry expects global container shipping volume to fall 1 percent in 2025, only the third time the…
Trump Win ‘Carries More Disruptive Risk’ to Container Market
Regardless of the election result, Drewry expects the U.S. will continue to diversify its supply chain away…
An Imminent East Coast Port Strike Spells Another Spike in Freight Rates
As the clock ticks on the ILA-USMX contract negotiations, ocean freight rates could elevate into 2025 if a…
Ocean Carrier Alliances are Taking Shape for 2025
MSC wants to prove it's the industry's stand-alone powerhouse, offering shippers both Suez Canal and Cape of…
‘Something is Boiling’: East Coast Cargo Rates Set to Soar
Xeneta's Peter Sand says Asia-to-East Coast container rates are now nearly $3,000 higher than those headed…
Are Asia-to-Europe Container Prices Headed to $20,000?
According to a Sea-Intelligence CEO Alan Murphy, longer sailing distances around Africa may signal returns to…
‘Contract Rates Are Clearly the Way to Go’ As Spot Market Heats Back Up
According to Drewry's World Container Index (WCI), prices for 40-foot containers rose 16 percent last week…
Alternate Shipping Route Prepped Near Baltimore Bridge Collapse Site
State lawmakers want to pass emergency legislation that would establish temporary relief programs for port…
Ocean Freight Contracts Update: ‘There’s A Lot of Shippers Who Are Just Waiting’
The largest shippers typically set the benchmark for contract negotiations, said Judah Levine, head of…
Maersk CEO: Post-Pandemic Freight Rate Declines ‘Unsustainable’
The comments come despite a likely boost into short-term profitability due to the Red Sea-driven pop in…
Western Coalition Defeats ‘Largest Attack’ in Red Sea
Drewry's Philip Damas said "there is currently something of a panic" in China because it's hard to get…