Container carriers’ operating margins accelerated at a greater speed in the third quarter, with the average ratio booked by the ten leading lines topping an impressive 56%. It compares to an average operating margin of just 3.7% in the same period two years earlier. Following the release of Q3 results, the ten leading container carriers […]
Last week ended with the largest one-day drop in crude oil prices since April 2020, as markets reacted to the discovery of the new Omicron coronavirus variant and the introduction of a raft of travel restrictions. Marine fuel prices followed the crude market and experienced significant decline. While uncertainty remains about the potential impact of […]
Imports at the nation’s congested container ports are expected to remain at near-record levels for the remainder of the year as retailers rush to move merchandise from docks to shelves in time to meet the expectations of holiday shoppers, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett […]
On a Week 47, the MABUX World Bunker Index continued to drift lower. Index 380 HSFO decreased by 6.05 USD: from 501.67 USD / MT to 495.62 USD / MT. The VLSFO index lost 4.52 USD: from 638.10 USD / MT to 633.58 USD / MT, while the MGO index lost 13.58 USD (from 759.82 […]
The number of container ships awaiting an available berth in the twin ports of Los Angeles and Long Beach reached a record level of 86 vessels on 16 Nov. The average waiting time last week exceeded 18 days. However, these figures are only averages. Some liner services are able to pass the waiting queues & […]
On Week 46, the MABUX World Bunker Index demonstrated a firm decline. The 380 HSFO Index dropped by 21.81 USD: from 523.74 USD / MT to 501.93 USD / MT. The VLSFO index fell by 17.24 USD: from 656.54 USD / MT to 639.30 USD / MT, while the MGO index lost 17.93 USD (from […]
Carriers are being forced to skip an increasing number of ports in order to maintain their ships on schedule or, at best, limit delays. We tracked 17 container ships that returned to central China in week 45 after their round trip between the Far East and North Europe. Out of those 17, only the 20,954 […]
On Week 45, the MABUX World Bunker Index returned to the path of moderate growth. Index 380 HSFO rose by 4.88 USD: from 517.42 USD / MT to 522.30 USD / MT. The VLSFO index increased by 10.71 USD (having fully recovered from the losses the previous week): from 644.79 USD / MT to 655.30 […]
The current flash estimate of the Container Throughput Index of RWI – Leibniz Institute for Economic Research and the Institute for Shipping Economics and Logistics (ISL) indicates a seasonally adjusted increase of 1.1 points to 124.8 points. Behind the increase, there are strong regional disparities. While throughput decreased in the Chinese ports, traffic surged in […]