Although average demurrage and detention charges show a year-on-year decline of 25 per cent in 2023, these charges have remained higher than in 2020 in Antwerp and Rotterdam. Yet, it is the US ports that have the highest charges. This follows from Container xChange’s...
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 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...
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’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....
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