News / Carriers in with a chance of surviving IMO 2020 if they ditch the ‘freebies’

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Drewry is expecting “marginally higher contract rates, higher fuel charges and better carrier discipline” this year, with global freight rates up by about 6%.

However, in its 2019 Container Freight Outlook presentation today, for the two major east-west tradelanes, Drewry has evidence of flat new January-December contract rates between Asia and Europe, but anticipates some improvement in transpacific annual contract rates when they are renewed in May.

In regard to capacity management, carriers have so far this year reinforced Drewry’s prediction of ...