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HMM majority stake buy to benefit Harim: Drewry
26 Dec 2023 11:27 AM GMTAverage P/B multiple for peer companies works to be 0.75x; with transaction at 0.48x, Harim ends up with a quality deal
Maersk to restart sailing through Red Sea
25 Dec 2023 8:11 AM GMT"Operation Prosperity Guardian set up & deployed to allow maritime commerce to pass through Red Sea/Gulf of Aden"
#RedSeaImpact: Spot rates zoom, longer lead times ahead
22 Dec 2023 9:45 AM GMTMSC introduces a new acronym - contingency adjustment charge (CAC), Maersk, CMA CGM announce diversions
Shipping containers to post two consecutive years of decline: Drewry
28 Nov 2023 12:43 PM GMTThe box pool will decline by 2.6% this year with a further contraction expected in 2024
Seaborne reefer trade to contract for 2nd consecutive year
22 Nov 2023 1:05 PM GMTRestrictions on drought-stricken Panama Canal starting to impact vessel capacity serving exports of perishables: Drewry
Port authorities retendering some terminal concessions: Drewry
30 Oct 2023 2:22 PM GMTGlobally, general preference is to renew or extend with incumbent operator.
Container carriers to report $15bn loss next year: Drewry
25 Oct 2023 2:30 PM GMTDrewry is expecting a 60% reduction in freight rates this year to be followed by a drop of 33% in 2024
China's export dominance to push container repositioning: Drewry
8 Oct 2023 6:00 AM GMTMoving empty shipping containers is currently adding empty miles cost of at least $16 billion/year
Canada-India row: Drewry sees minimal impact on dry bulk shipping
25 Sep 2023 3:02 PM GMTCanada is India’s second-largest trade partner for potash, and the world’s largest producer and exporter
Container shipping nears turning point: Container xChange
19 Sep 2023 7:07 AM GMTCarriers adopt slow steaming to manage tonnage; cost of moving empty containers, especially to Asia, remains significant
MSC vs Klaus-Micheal Kuehne for HHLA?
16 Sep 2023 7:59 AM GMTGerman billionaire Klaus-Micheal Kuehne had expressed interest for port company, MSC offers bid of €16.75/share
Reefer shipping remains resilient: Drewry
9 Aug 2023 1:48 PM GMTAnticipated fall in reefer container freight rates will continue to be more measured than for dry freight