The global MABUX bunker indices showed a moderate upward movement in Week 24. The 380 HSFO index rose by 3.64 USD from 477.67 USD/MT last week to 481.31 USD/MT. Despite the increase, it remained well below the 500 USD mark. The VLSFO index saw a small gain of 0.70 USD, reaching 602.30 USD/MT compared to […]
The global MABUX bunker indices displayed a consistent downward trajectory by the end of the 22nd week. The 380 HSFO index decreased by 9.38 USD, falling from 487.89 USD/MT in the previous week to 478.51 USD/MT, and remaining consistently below the 500 USD mark. Similarly, the VLSFO index dropped by 14.30 USD, reaching 590.26 USD/MT […]
The fleets of non-operating owners (NOOs) in the small and medium sizes continue to shrink as the exodus of ships to liner operators seems far from over. Since 1 November 2022, tonnage providers have lost 71 ships to end users. This concerns tonnage in the size range from 700 to 9,000 teu for a total […]
Over the Week 21, the global MABUX bunker indices turned into an upward trend. The 380 HSFO index experienced a rise of 9.27 USD, climbing from 477.06 USD/MT in the previous week to 486.33 USD/MT. However, it still remained below the 500 USD threshold. The VLSFO index, in turn, increased by 9.82 USD (607.20 USD/MT […]
A mere 16 months after overtaking Maersk to become the world’s largest container line in terms of slot capacity MSC will soon reach new heights as its vessel fleet is rapidly approaching the 5.00 Mteu mark. MSC’s 753 strong fleet of owned and chartered container ships stood at exactly 4,956,720 teu on 16 May and […]
In recent decades infrastructure constraints in ports & waterways around the globe have slowly but surely “created” a number of well-known vessel types from Panamax Container ships to Kamsarmax Dry Bulk carriers. One container ship type that has gained increasing popularity in recent years is the “Bangkokmax” vessel, which typically boasts an intake from 1,700 […]
Over Week 18, the global MABUX bunker indices demonstrated a sustainabale downward trend. The 380 HSFO index experienced a further decrease of 15.29 USD, falling from 496.99 USD/MT in the previous week to 481.70 USD/MT. The VLSFO index, in turn, also dropped by 18.21 USD (604.61 USD/MT versus 622.82 USD/MT last week), and was close […]
Europe’s Economic Outlook Improves, Container Logistics Companies Struggling Depots are still overwhelmed, and Demurrage and detention charges are high in Europe Average container prices bottoming out in Europe, no further steep falls in Q1 Lower freight rates and heavy price competition, bigger players inching towards consolidation Europe’s economic rebound is mixed as the service sector […]
During Week 17, the global MABUX bunker indices showed a consistent downward trend. The 380 HSFO index dropped by 8.51 USD, falling from 506.70 USD/MT last week to 498.19 USD/MT, breaking through the psychological threshold of 500 USD. Similarly, the VLSFO index also declined by 19.28 USD, going from 624.37 USD/MT to 643.55 USD/MT last […]