The world cellular fleet aged 20+ years currently counts around 1,200 vessels for a total capacity of about 2.9 Mteu. In number of vessels, it represents just over 20% of all cellular ships with around 680 vessels in carriers’ hands and just over 500 in owners’ hands. This is a significant reservoir of ships that […]
As the Euro Zone grapples with an ongoing economic crisis, facing declining trade and subsequently, a drop in container trade, the region struggles with the challenge of surplus containers causing repositioning costs exceeding the asset cost. Industry predicts that the container lessors are more focused on long term strategies so that the cost of repositioning […]
During Week 45, the MABUX global bunker indices, following a brief period of moderate growth, once again shifted towards a downward trajectory. The 380 HSFO index fell by 6.01 USD: from 538.33 USD/MT last week to 532.32 USD/MT. The VLSFO index, in turn, lost 8.63 USD (672.11 USD/MT versus 680.74 USD/MT last week). The MGO […]
The squeeze at the Panama Canal is getting tighter. Officials are cutting available slots for ship transits by half this winter as a drought that has already triggered lengthy backups gets even worse. The WSJ’s Costas Paris says the latest changes come after Panama experienced its driest October on record, extending a months long spell of […]
Container shipping’s TEU-to-GDP multiplier has continued to weaken since the pandemic, with the last ten years now showing an average multiplier below 1. The ratio, which hit its peak in the 1990s and was still a robust 2.6x in the noughties, had previously been a reliable indicator for the market, such that the container trade […]
During Week 44, the MABUX global bunker indices exhibited erratic fluctuations with no clear sustained trends. The 380 HSFO index declined by $27.94, dropping from $562.50 USD/MT the previous week to $534.56 USD/MT. Conversely, the VLSFO index increased by $1.06, reaching $672.58 USD/MT compared to $671.52 USD/MT the previous week. The MGO index saw a […]
The composite index decreased by 2% to $1,342 this week and has dropped by 57% when compared with the same week last year. The latest Drewry WCI composite index of $1,342 per 40-foot container is now 6% below the average 2019 (pre-pandemic) rates of $1,420 and is the lowest for 3 years. The […]
The discontinuation of the 2M partnership in 2025 will bring about deep structural changes in the liner market, a sector so far dominated by three major alliances of roughly comparable market share. Going forward, MSC and Maersk will once again become independent carriers, while two mega -alliances are set to remain. Alphaliner expects the 2M […]
During Week 43, the MABUX global bunker indices resumed again a moderate downward trend. The 380 HSFO index fell by 7.27 USD: from 573.44 USD/MT last week to 566.17 USD/MT. The VLSFO index, in turn, lost 8.68 USD (672.90 USD/MT versus 681.58 USD/MT last week). The MGO index fell by 8.38 USD (from 998.48 USD/MT […]