Indian Transport & Logistics

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Global container equipment fleet growth picks up pace: Drewry

22 Feb 2024 1:56 PM GMT
Drewry 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 7:10 AM GMT
Talks 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 5:30 AM GMT
Drewry 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 1:20 PM GMT
Drewry’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 7:14 AM GMT
Houthis 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 9:51 AM GMT
Red 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 7:55 AM GMT
"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 2:15 PM GMT
Index 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 10:21 AM GMT
Maersk decides to divert all vessels around Cape of Good Hope for foreseeable future.

HMM majority stake buy to benefit Harim: Drewry

26 Dec 2023 11:27 AM GMT
Average 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 8:11 AM GMT
"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 9:45 AM GMT
MSC introduces a new acronym - contingency adjustment charge (CAC), Maersk, CMA CGM announce diversions
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