Drewry forecasting higher freight rates

Ocean

Thursday, January 10, 2013

Drewry Shipping Consultants is predicting that this year contract rates negotiated with shippers on the key East-West trade lanes will be higher when compared to the low levels of 2012. Referencing its latest quarter Container Forecaster report, London-based Drewry forecasts global container demand to increase by 4.6 percent this year , but says "Considerably faster capacity growth at the trade route level will severely challenge carriers and even the ability of the fast grow...

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