Drewry’s Equity Indices Reflect Mixed Fortunes Across Maritime Sectors

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For the week ending August 15, 2025, the performance of Drewry’s equity indices for the maritime industry was mixed. The port and LNG sectors saw minor gains, while the container, dry bulk, and tanker sectors experienced declines.

Port Equity

The Drewry Port Equity Index (DPEI) increased slightly by 0.3% week-on-week (WoW). This was driven by Regional Terminal Operators (RTOs), which rose by 1.4%, outpacing Global Terminal Operators (GTOs), which only gained 0.4%. Leading the gains were HHLA (+2.5%), Liaoning Port (+1.5%), and Santos Brasil (+1.4%). Year-to-date, the DPEI is up 14.7%, significantly outperforming the S&P 500 (+9.7%).

Container Shipping

The Drewry Container Shipping Equity Index (DCEI) declined by 1.9% WoW. This drop was largely attributed to a decrease in investor confidence following a poor financial report from Hapag-Lloyd AG, which lowered its full-year forecast. The Drewry World Container Index (WCI) also fell for the ninth consecutive week, decreasing by 3.1% WoW. Despite the weekly decline, the DCEI is up 9.8% year-to-date (YTD), performing in line with the S&P 500 (+9.7%).

Dry Bulk Shipping

The Drewry Dry Bulk Shipping Equity Index saw the steepest decline, falling by 4.2% WoW. This was primarily due to a significant drop in the stock price of DS Norden (-10.3%). However, its year-to-date performance remains strong, with a 10.6% increase, outperforming the S&P 500 (+9.7%).

Crude and Product Tanker Shipping

The crude and product tanker sectors both experienced weekly declines. The Drewry Crude Tanker Shipping Equity Index was down 2.9% WoW, attributed to weakening demand signals from the U.S. and China. Nevertheless, the index is up 14.1% YTD, supported by geopolitical tensions that are boosting long-haul trades and strengthening spot rates. In contrast, the Drewry Product Tanker Shipping Equity Index fell by 1.8% WoW as stocks normalized after a recent gain, and is down 1.9% YTD due to weak company performances and low spot rates.

LNG Shipping

The Drewry LNG Shipping Equity Index was nearly flat, with a slight increase of 0.2% WoW. This segment’s performance was mixed, with Nakilat seeing a gain (+0.7%) and Flex LNG experiencing a decline (-1.9%). Spot LNG shipping rates have been relatively soft this year. On a YTD basis, the index is up 8.9%, slightly underperforming the S&P 500 (+9.7%), but is supported by a significant increase in Nakilat’s share price (+17.6%).

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Source: Drewry