Ocean carriers, non-operating owners, investment banks and lessors have gone ‘all in’ on container ship newbuildings in the first half of this year, signing well over 300 vessel orders at Chinese, Korean and Japanese yards. These new ships will have a combined slot capacity of 2.88 Mteu, or 11.75% of today’s overall container fleet capacity […]
The Asia-Europe trade route has seen an unprecedented level of demand over the past few months following the rebounding of economies from the COVID-19 pandemic. Despite the few difficulties arisen from this demand, capacity remains strong and continues to increase. The rising demand, along with the Suez Canal blockage in March, has caused a worldwide […]
During Week 26, MABUX World Bunker Index did not show significant changes. The 380 HSFO index rose by 2.75 USD: from 454.61 USD/MT to 457.36 USD/MT, the VLSFO index lost 0.08 USD: from 558.89 USD/MT to 558.81 USD/MT, while the MGO index added 1.30 USD (from 650.06 USD/MT to 651.36 USD/MT). European gas market prices […]
Trade between Europe and North America has resumed to normal figures this year following the dampening of both continents’ economies during the worse stages of the COVID-19 pandemic. The two regions are major trading partners with the United States being the second largest trading partner with the European Union behind China, and seven of the fifteen largest […]
During Week 25, MABUX World Bunker Index continued slight upward trend. The 380 HSFO index has increased by USD 4.74: from 447.89 USD/MT to 452.63 USD/MT, the VLSFO index has risen by 4.25 USD: from 552.37 USD/MT to 556.62 USD/MT, while the MGO index has added 4.46 USD (from 644.69 USD/MT to 649.15 USD/MT). MABUX […]
During Week 24, MABUX World Bunker Index has turned into moderate upward evolution. The 380 HSFO index has increased by USD 5.80: from 441.70 USD/MT to 447.50 USD/MT, the VLSFO index has risen by USD 2.39: from 549.50 USD/MT to 551.89 USD / MT, while the MGO index has added 11.17 USD (from 633.81 USD […]
Over the past few years, Asia has solidified its place as the leading trading partner with the Oceania region, largely due to their proximity and mutual reliance on goods and resources. According to Australian trade statistics, 39% of all exports and 27% of imports in 2020 were with China. The main imports were technology, machinery […]
A few weeks into a very substantial port congestion in Yantian caused by a Covid-19 outbreak, supply chain disruptions continue to be very present in global trade. After a six-day stop on export containers, the Yantian Port Authorities have announced that productivity is gradually set to increase as more workers return and more berths reopen, […]
The Port of Long Beach continued its unprecedented streak of single-month records in May by moving more than 900,000 cargo containers for the first time in its 110-year history. Dockworkers and terminal operators processed 907,216 twenty-foot equivalent units in May and broke the previous “best month” record set in March 2021 by 66,829 TEUs. Trade […]