Topic: Drewry

Pandemic drives up vessel operating costs

PRESS RELEASE – Vessel operating costs have risen at their fastest pace in over a decade this year due to higher insurance cover premiums and Covid-19 related expenses. Yet, they are expected to moderate in...Read more
|Comment|author: Tobias Pieffers

Charter rates bounce back a little

The charter rates for multipurpose vessels have bounced back a little, shows Toepfer Multipurpose Shipping Index. Rates increased slightly in August to USD 6,492 per day for a 12,500 dwt geared vessel.Read more
|Comment|author: Tobias Pieffers

Heavylift shipping outlook hurt by slowing world trade

Rising project cargo traffic will strengthen freight rates for the multipurpose and heavylift shipping sector throughout 2019, but prospects thereafter are muted by an anticipated slowdown in world trade, says Drewry Maritime Research. Although the uncertainty...Read more
|Comment|author: Tobias Pieffers