Filter content by area of interest
Ports & Terminals
Port AuthoritiesContainerBulkBreakbulk/General CargoRo-Ro/AutomotiveGTOs
Cargo Handling Equipment
STS CranesYard CranesMobile CHERo-Ro EquipmentBreakbulk EquipmentLow ThroughputBulk Handling Equipment
Shipping & Logistics
Container ShippingBreakbulk/General CargoRo-Ro ShippingDry Bulk ShippingLiquid cargoesLogistics
TOSPlanning & Optimisation TechnologyWiFiMobile ComputingPort Community SystemsAsset Tracking & Monitoring
Automated EquipmentGate AutomationRemote ControlProcess Automation
RailInland WaterwaysShortsea ShippingRoadAir-Cargo
Container Industry
Container manufactureContainer leasingRepair/StorageTradingConversion/Innovation
Operations/TransportContainer leasingEquipmentM&R/Storage
General cargoProject Cargo/Heavy LiftForest productsRo-Ro/AutomotiveAgribulks
Safety & Security
InsuranceHazardous cargoLashings/SecuringLegal/Regulatory
Civil Engineering
Port & terminal construction/designCivil & Consulting EngineersDredging & ReclamationMooring & FenderingLightingPaving & Surfacing
InsuranceLegal/RegulatoryAppointments/PeopleMergers/Acquisitions/RestructuringFinance/Financial ResultsTrade & Professional AssociationsBusiness/Commerce Miscellaneous
 View all Topics View all Topics A-Z
More View all Topics View all Topics A-Z

You are viewing 1 of your 1 guest articles

register  or  login  for full access to online news

Liner shipping “Plodding along”

Analyst tells Intermodal Europe conference that despite the challenges on the horizon, container shipping slow steaming to a general recovery.

Linked InTwitterFacebookeCard

“Plodding along” were the words used by Simon Heaney, a senior analyst at London-based Drewry Maritime Research, used to describe the pace of what he expects will be a general recovery in the liner shipping industry.


Addressing delegates at Intermodal Europe 2019, he said that a recovery in freight rates was expected on the back of rising cargo volumes, following the shocks of the past 18 months, and the ordering of ships being at more conservative levels. In particular, fewer newbuild contracts are likely to be signed for ultra-large container vessels.


The analyst also expects the IMO 2020 sulphur cap regulation to drive up rates. “BAFs will be higher next year and we see average freight rates overall rising by 6.5%,” said Heaney. “We believe lines will recover approximately 75% of their increased fuel costs, but if they don’t then there will be a greater focus on protecting cash flows, less investment in IT systems and even more slow speed steaming.”


Clearly, though, the research company adheres to a better future. “The industry [liner] is plodding along and heading towards a state of equilibrium,” he said. “However, I do not see this being achieved over the next five years.”

Linked InTwitterFacebookeCard

You may also be interested in...

ZPMC moves in

Bunking up the logs for easy moves

Pulp facts to the fore in Montevideo

Hyster clamps up on reel handling

Sizing up the breakbulk market

Getting on the intermodal track

Related Stories

Tanger Med brings big benefits to trade

The expansion of Tanger Med in Morocco has resulted in the biggest increase in c...

DSV Panalpina commits to SBT agenda - science-based emission reduction targets

Scheduled for announcement in Q1 2020, the specific targets "will be in line wit...

Grimaldi christens its new PCTC, GRANDE TORINO, in Civitavecchia

GRANDE TORINO is the first unit of a series of seven 7,700 CEU sister vessels or...

MSC ISABELLA makes first call in Singapore

MSC ISABELLA, one of the new ships from MSC’s GÜLSÜN class of container vessels,...
Linked In