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Global container equipment fleet growth picks up pace: Drewry
22 Feb 2024 7:26 PM ISTDrewry estimates that global box fleet rose 1% last year to 51.4 million TEU, to expand 2.3% over the year
Harim walks out of $5bn deal to buy HMM
7 Feb 2024 12:40 PM ISTTalks fail on rights to manage HMM, three-year lock-up demand for consortium partner JKL Partners
2023 schedule reliability up 19.5ppts; Drewry WCI down 4%
4 Feb 2024 11:00 AM ISTDrewry World Container Index (WCI) declined four percent to $3,824 per 40ft container to the week of February 1, 2024
US, UK impose sanctions on 4 Houthi leaders, Red Sea attacks continue
26 Jan 2024 6:50 PM ISTDrewry’s World Container Index increased 5% to $3,964 per 40ft container for the week to January 25, 2024
US continues attacks against Houthis
20 Jan 2024 12:44 PM ISTHouthis continue to target merchant ships, ocean freight rates continue to rally on uncertainty
Houthis launch 2 missiles, Biden says US attacks ineffective
19 Jan 2024 3:21 PM ISTRed Sea crisis leads to 2nd largest capacity drop, says Sea-Intelligence; Drewry World Container Index up 23%
Duration of Red Sea crisis unknown variable, says Drewry
19 Jan 2024 1:25 PM IST"Suez Canal diversions will inflate shipping costs for as long as the situation lasts but trade always finds a way"
Drewry WCI up 15%, vessel boarded
11 Jan 2024 7:45 PM ISTIndex has increased by 44% compared with the same week last year, and is the highest since October 2022
Drewry index up 61%, Maersk to divert all vessels
5 Jan 2024 3:51 PM ISTMaersk decides to divert all vessels around Cape of Good Hope for foreseeable future.
HMM majority stake buy to benefit Harim: Drewry
26 Dec 2023 4:57 PM ISTAverage P/B multiple for peer companies works to be 0.75x; with transaction at 0.48x, Harim ends up with a quality deal
Maersk to restart sailing through Red Sea
25 Dec 2023 1:41 PM IST"Operation Prosperity Guardian set up & deployed to allow maritime commerce to pass through Red Sea/Gulf of Aden"
#RedSeaImpact: Spot rates zoom, longer lead times ahead
22 Dec 2023 3:15 PM ISTMSC introduces a new acronym - contingency adjustment charge (CAC), Maersk, CMA CGM announce diversions