The long term outlook for the product tanker market appears grim with expectations of lethargic growth in oil demand made worse by refinery capacity expansions, according to a latest forecast by shipping analyst Drewry.

The chemical tanker shipping market is forecast to see a negative impact on tonne-mile demand in the long term following an EU decision to phase out the use of palm-based biodiesel, as the majority of palm oil production comes from Indonesia and...

Global container port demand is forecast to rise for the next five years with box throughput reaching 973m teu by 2023, though capacity expansion plans are likely to be muted, according to a latest analysis by Drewry.

The container market is facing “a series of existential fears” that could dent shipping demand in the future, according to Drewry, prompting the consultant to downgrade its growth forecast.Drewry has highlighted concerns of a slowing global...

The shipping fleet trading in chemicals and vegoils is projected to expand and outpace the clean petroleum products (CPP) fleet on the back of rising demand for methanol and vegoil, according to global shipping consultancy Drewry.

The chemical tankers market is anticipated to face a challenging couple of years ahead due to lingering oversupply made worse by many newbuilding deliveries, according to shipping analyst Drewry.

The scrapping of tanker vessels will gain pace over the next two years as a result of persistent weakness in freight rates as well as the coming into force of the IMO regulation on ballast water, according to global shipping consultancy Drewry.