For the week ending 12 July, the majority of the Drewry sectoral equity indices declined with LPG (-9.8%) and Container (-9.5%) Equity Indices falling the most. The LPG Index plummeted due to the expectation of lower charter rates in July, while the Container Index declined on news of a potential ceasefire between Hamas and Israel.

15 Jul 2024: Drewry Dry Bulk Equity Index rose 14.5% YTD (vs. 18.4% increase in S&P 500). Read on for factors driving the surge in Drewry Dry Bulk Equity Index.

15 Jul 2024: Future fleet dynamics in the MPV space have been a major topic of discussions in the sector, with increasing demand expected but newbuild order activity still being tepid.

09 Jul 2024: Even though the steel making process tries to move away from the blast furnace-based route (that depends on iron ore) to the route based on electric arc furnaces that rely heavily on ferrous scrap, the unavailability of ample recycled metal will further support the iron ore trade.

For the week ending 5 July, Drewry Port Equity Index increased 2.7% WoW (vs S&P 500 up 2.0%) due to a rise in stock prices of Westports Holdings (+9.1%), Santos Brasil (+8.3%) and CM Ports (+6.0%). Over the same period, the LNG and Dry Bulk Equity Index rose 0.9% and 0.4% respectively.