Drewry: Drastic measures needed to stop rate erosion

Unless demand picks up significantly, carriers will need to use more drastic measures and start pulling out ships from Asia-Europe on a large scale in order to restore rates to profitable levels, says Martin Dixon, Research Manager at Drewry, to ShippingWatch.

BY OLE ANDERSEN

How carriers decide to handle the deluge of overcapacity that is increasingly inserted into Asia-Europe in the coming months will be critical to the development of the freight rates, says Martin Dixon, Research Manager at analyst agency Drewry.

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Drewry: Drastic measures needed to stop rate erosion

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SeaIntel: Container rates now in free fall

Container carriers have lost USD 6.9 billion

Major capacity injection on minor routes

Sign up for our newsletter

Front page now

Maritime & Merchant notes fierce competition in loans for shipping

14 arrested at demonstration in front of Maersk headquarters

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

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UK Chamber of Shipping calls for more trade-friendly policies

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

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