drewry

drewry

Ship operating costs rise on higher R&M, insurance spend

Ship operating costs inflation accelerated moderately in 2019 on higher repair & maintenance and insurance spend. Costs are expected to continue rising at a similar pace in 2020 on a hardening insurance market before receding in subsequent years.

car carrier

Car carrier shipping recovers but downsides remain

Car carrier shipping is expected to continue its slow recovery, supported by improving utilisation and minimal vessel ordering. However, costs are rising while the trade outlook is vulnerable to rising geopolitical risk.

container

New risks facing beleaguered container market

One of the major risks is the impact of IMO 2020 on containership supply. There is still no clear guidance on just how much additional cost it will land on the industry.

drewry

Manning cost rise checked by easing shortage

Manning costs have risen moderately over the past 12 months, checked by easing officer supply shortage, and are forecast to rise at a similar pace over the next five years.

container

Uncertain outlook for container shipping

The container shipping industry is facing an exceptionally high level of uncertainty, particularly from the extra cost associated with IMO 2020 and how much carriers will recover from shippers.