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The box pool will decline by 2.6% this year with a further contraction expected in 2024

Restrictions on drought-stricken Panama Canal starting to impact vessel capacity serving exports of perishables: Drewry

Globally, general preference is to renew or extend with incumbent operator.

Drewry is expecting a 60% reduction in freight rates this year to be followed by a drop of 33% in 2024

Moving empty shipping containers is currently adding empty miles cost of at least $16 billion/year

Canada is India’s second-largest trade partner for potash, and the world’s largest producer and exporter

Carriers adopt slow steaming to manage tonnage; cost of moving empty containers, especially to Asia, remains significant

German billionaire Klaus-Micheal Kuehne had expressed interest for port company, MSC offers bid of €16.75/share

Anticipated fall in reefer container freight rates will continue to be more measured than for dry freight

Russia warns of attacks; Ukraine may depend on Romania’s Constanta port & inland routes for exports

Drewry forecasts that number of smart containers in global fleet will reach over 10 million units

From 10 carriers operating approximately 85% containership fleet, eight have confirmed net zero targets by 2050: Drewry