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Drewry: Multi-purpose vessel charter market to remain under pressure

Drewry: Multi-purpose vessel charter market to remain under pressure

by Mariska Buitendijk | Mar 14, 2023 | News, Project cargo, Shipping

Drewry predicts the multi-purpose vessel (MPV) charter market will remain under pressure for Q1 2023, with its Multipurpose Time Charter Index declining by 2.7 per cent in March, reaching USD 9175 per day. This represents a drop of around 17.8 per cent since March...
Maersk and MSC’s 2M alliance comes to an end

Maersk and MSC’s 2M alliance comes to an end

by Mariska Buitendijk | Jan 26, 2023 | News, Shipping

Maersk and Mediterranean Shipping Company (MSC) have agreed to terminate, effective in January 2025, the present 2M alliance. According to Drewry, it is Maersk in particular that will be left ‘in a tight spot’ when the cooperation ends. 2M is a container...
Drewry: Seafarer costs to accelerate on rising officer shortfall

Drewry: Seafarer costs to accelerate on rising officer shortfall

by Mariska Buitendijk | Jun 16, 2022 | Maritime education/training/careers, News, Shipping

Seafarer wage rates are set to accelerate in the face of worsening officer supply/demand imbalance. Sustained fleet growth will lead to the highest shortfall of officers to crew the world’s merchant fleet in over a decade by 2027, according to Drewry’s latest...

Drewry expects further rate rises during the summer

by Mariska Buitendijk | Jun 14, 2021 | News, Shipping

Drewry’s Multipurpose Time Charter Index increased to USD 8339 per day in May, representing a rise of 4.3 per cent compared to the 2.5 per cent rise seen in the previous month. The index is up 28 per cent since the start of the year and 46 per cent since May 2020....
Shortage of maritime officers to reach decade high by 2026

Shortage of maritime officers to reach decade high by 2026

by Mariska Buitendijk | Jun 4, 2021 | News, Shipping

Diminishing attractiveness of a career at sea, coupled with rising man-berth ratios and continued fleet growth will lead to the highest shortfall of officers to crew the world’s merchant fleet in over a decade by 2026. This follows from the latest Manning Annual...
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