Over the Week 42, the MABUX global bunker indices turned into an upward trend, primarily driven by the escalating conflict in the Middle East.The 380 HSFO index rose by 1.17 USD: from 566.49 USD/MT last week to 567.66 USD/MT. The VLSFO index, in turn, added 10.08 USD (677.39 USD/MT versus 667.31 USD/MT last week). The […]
Investors have shaved $135bn off the stock valuation of the 11 largest publicly traded container companies over the last 18 months as share prices have continued their inevitable decline. Just 3 companies have a market capitalization of more than $10bn, having been as high as 7 in May 2022. Taiwan’s Evergreen, Yang Ming and Wan […]
Undeterred by an increasingly gloomy outlook and the spectre of structural overcapacity that appears on the horizon, carriers have continued to place orders for new container tonnage throughout the year. In the first nine months of 2023 alone, another 187 vessels have been added to the global newbuilding pipeline. Predominantly ordered by the carriers themselves […]
This analysis delves into the foreseeable consequences of the conflict on trade relationships, potential disruptions to major trade routes, and the broader impact on international commerce. We (Container xChange) have many customers in Israel and we are constantly in touch with them. Here are a few takeaways from the analytical piece (which can be found […]
During Week 41, the MABUX global bunker indices showed a moderate downward trend. The 380 HSFO index declined by 10.57 USD: from 581.69 USD/MT last week to 571.12 USD/MT. The VLSFO index also experienced a loss of 7.75 USD (671.67 USD/MT versus 679.42 USD/MT last week). The MGO index saw the most significant price decrease, […]
The European fleet of feeder vessels of 300-1,500 teu is ageing at a fast pace with very little newbuilding replacement on the way. There is particular concern in the sub-1,000 teu sizes, where the number of new orders is next to zero, apart from a handful of contracts placed for some specific niche routes. The […]
As of the Week 40, the MABUX global bunker indices experienced some minor fluctuations. The 380 HSFO index rose by 8.46 USD: from 585.74 USD/MT last week to 594.20 USD/MT. Conversely, the VLSFO index lost 5.65 USD (689.71 USD/MT versus 695.36 USD/MT last week). On the other hand, the MGO index, increased by 9.18 USD […]
Over the Week 39, the MABUX global bunker indices turned into a moderate decline for the first time in the last four weeks. The 380 HSFO index fell by 3.07 USD: from 586.14 USD/MT last week to 583.07 USD/MT. The VLSFO index, in turn, lost 6.22 USD (689.46 USD/MT versus 695.68 USD/MT last week). The […]
Chinese companies held investments in 31 container seaport terminals in Europe and the Mediterranean as of end-August reflecting the increased activity by China’s state players in Europe’s port network since 2016. The debate over Chinese influence in Europe’s transport infrastructure was revived again this year following COSCO Shipping Port’s (COSCO SP) much discussed bid to […]