On a Week 04, the MABUX World Bunker Index remained at stable levels and did not show any significant changes. The 380 HSFO index rose by 1.74 USD: from 544.06 USD/MT to 545.80 USD/MT. The VLSFO index gained a symbolic 0.15 USD: from 695.39 USD/MT to 695.54 USD/MT, while the MGO index added 7.94 USD […]
Intra-regional and Africa trade capacity drops as carriers prioritize lucrative East-West routes The cellular liner fleet grew 4.5% in 2021 to reach 24.97 Mteu on 1 January 2022. This growth was not evenly spread across all trades, however. On the contrary, last year witnessed a massive shift in capacity towards lucrative East-West routes at the […]
On a Week 03, the MABUX World Bunker Index continued its firm upward trend. The 380 HSFO Index rose by 18.72 USD: from 525.17 USD/MT to 543.89 USD/MT. The VLSFO Index gained 30.98 USD from 662.95 USD/MT to 693.93 USD/MT, while the MGO Index increased by 29.59 USD (from 787.30 USD/MT to 816.89 USD/MT). All […]
Last week’s delivery of the 2002-built MEXICO to MSC is historical. Unspectacular at first glance, the addition of the 4,992 TEU ship to the MSC fleet finally saw the Swiss ocean carrier of Italian origin claim the top spot among the world’s container lines. Starting out with a German-built second-hand vessel of just 2,900 dwt, […]
On a Week 02, the MABUX World Bunker Index continued to grow steadily, continuing the upward trend started from the first week of the new year. Index 380 HSFO rose by 19.37 USD: from 504.92 USD / MT to 524.29 USD / MT. The VLSFO index surged by 21.11 USD: from 641.20 USD / MT […]
The global bunker market continued its recovery in 2021. After a sharp drop to lows in April 2020, triggered by the coronavirus pandemic and a subsequent collapse in economic activity around the world, since May 2020 global bunker indices have shown a moderate uptrend that continues nowadays as well. As a result, as of December […]
Container freight rates retreated in 4Q21 from the all-time highs recorded in 3Q21 as the growth in cargo demand slowed down and supply chain congestion showed tentative signs of easing. However, Drewry expects rates on major East-West lanes to increase again in January 2022, ahead of the CNY holidays. The ongoing supply chain bottlenecks and […]
The number of scrubber-fitted container ships has risen to 850 as of 20 December, an increase of 150 ships compared to the start of the year. The total capacity of the scrubber-fitted fleet now equals 7.52 Mteu – just shy of 30% of the total container fleet up from 25% at the start of the […]
Far East – North Europe services continue to drop port calls The 2M partners Maersk and MSC have decided to further reduce the number of port calls in their Asia – North Europe network from January. Two of their six loops will only serve two selected ports in North Europe. The eleven 14,000 – 23,800 […]