The most recent ISL Monthly Container Port Monitor (MCPM) data shows that the growth in container traffic at ports around the globe is slowing slightly. Although a modest increase was again reported in relation to the previous month, the increase only reaches 4.5% compared with July 2020, after consistently double-digit growth rates year-on-year over the […]
Double-digit growth in imports at the nation’s largest retail container ports is slipping to single digits as pandemic-related supply chain disruptions around the world continue, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “Year-over-year growth isn’t as dramatic as it was earlier because we’re now […]
None of the seven dedicated Central China – Middle East services operated by the big carriers currently offers weekly sailings due to a chronic lack of tonnage. As of 14 September, Alphaliner counted just 29 ships deployed on these services, while 50 would be required according to pro forma schedules. As a result, almost half […]
On a Week 37, the MABUX World Bunker Index showed moderate growth. The 380 HSFO index rose by 10.95 USD: from 457.20 USD / MT to 468152 USD / MT, the VLSFO index increased by 12.38 USD: from 552.45 USD / MT to 564.83 USD / MT, while the MGO index added 8.31 USD (from […]
With the Chinese Golden Week holiday four weeks away, normally carriers would have by now announced the full extent of their blank sailings program in anticipation of the slowdown in demand. Given the current market situation, it seems as if carriers will not follow historical patterns of Golden Week capacity deployment. In issue 529 of […]
Container carriers’ average operating margin rose to a record 44.4% in Q2 2021, versus 38.2% in the previous quarter, as lines’ business output was boosted by another jump in rates. As expected, all ten lines increased their #margins compared to the first quarter, with results for medium-sized Asian operators Yang Ming, Evergreen & HMM, which […]
On a Week 36, the MABUX World Bunker Index did not show any significant changes. The 380 HSFO index rose by 0.74 USD: from 456.68 USD / MT to 457.42 USD / MT, the VLSFO index increased by 1.09 USD: from 551.67 USD / MT to 552.76 USD / MT, while the MGO index added […]
Weekly capacity in the Asia–North America container trade has increased by 13.9% since the beginning of the year. Despite the noise around their activities, the Transpacific services launched by recent newcomers have only marginally contributed to this capacity increase. Meanwhile, the members of the three mega-alliances still had a joint market share of 88.6% on […]
On a Week 35, the MABUX World Bunker Index continued its moderate upward evolution. The 380 HSFO index rose by 8.83 USD: from 447.22 USD / MT to 456.05 USD / MT, the VLSFO index increased by 9.56 USD: from 541.19 USD / MT to 550.75 USD / MT, while the MGO index added 8.88 […]