CMA CGM is the only carrier of the three largest mainline operators that managed to increase both market share and capacity in the intraMediterranean service segment over the past year. Overall, intra-Med service capacity grew by 17.6%, or more than 75,000 teu, compared to December 2022 as carriers deployed more ships (345 vs 296). The […]
A survey of ten major container ports in Europe, North America and Asia shows that the overall size of a carrier group is not always directly reflected in a carrier’s ‘traffic exposure’ to each port. Unsurprisingly, the world’s largest container line MSC, is in fact the biggest customer at seven of the 10 ports surveyed. […]
Consumers around the world will pay the price for the unfolding crisis in the Red Sea after missile attacks on merchant ships plunged supply chains into chaos. Latest data from leading industry analysts Xeneta shows spot rates in the ocean freight shipping market spiked by 20% since Friday after major shipping liner companies announced they […]
During Week 51, the MABUX global bunker indices began an upward trajectory, marking the first positive movement in the past five weeks. The 380 HSFO index rose by 11.38 USD: from 508.68 USD/MT last week to 520.06 USD/MT. The VLSFO index, in turn, added 28.79 USD (649.86 USD/MT versus 621.07 USD/MT last week). The MGO […]
“Some of the main ports in Germany like Rotterdam, Hamburg, Bremen are posting significant week on week price increases and of course the interpretation is that the situation in the Red Sea has contributed to this increase.” “The market anticipates that especially in Europe which is on the receiving end of import containers from the […]
The recent Houthi attacks are causing the shipping industry to brace itself for an uptick in freight costs in 2024 amidst extended routes and heightened risks. The ripple effect of the Israel–Palestine War halts operations at Red Sea and Suez Canal Costs to surge for Europe bound energy supplies, palm oil and grains as the […]
Container xChange, the world’s leading online container logistics platform, recently conducted a comprehensive survey with 1200 supply chain professionals globally. The collective results reveal an optimistic outlook for 2024, as respondents foresee positive growth in the global container shipping industry in 2024 as compared to 2023. 74% of respondents expressing optimism about the industry’s growth, […]
As of Week 50, the MABUX global bunker indices continued steady downward trend. Index 380 HSFO dropped by 13.64 USD: from 524.52 USD/MT last week to 510.88 USD/MT, nearing the 500 USD mark. Index VLSFO lost 26.96 USD (624.35 USD/MT versus 651.31 USD/MT the previous week). Index MGO fell by 36.05 USD (from 898.92 USD/MT […]
Seven years after the opening of the expanded Panama Canal firmly established the neo-panamax vessel as a new standard class, numerous classic panamax ships still form part of the container fleet. As per the end of November 2023, Alphaliner counted 515 panamaxes in active service. With a total capacity of 2.33 Mteu, this segment presently […]