Shipping costs have risen sharply and fierce competition for ocean freight capacity is the new normal. With new capacity only slowly coming onstream, freight rates are expected to continue to reach new highs this year and will remain above their pre-pandemic levels in the longer term. No short-term relief Shipping costs have been growing strongly […]
During Week 22, MABUX World Bunker Index continued its upward trend. 380 HSFO index increased by 17.22 USD: from 423.98 USD/MT to 441.20 USD/MT, VLSFO index rose by 22.80 USD: from 522.63 USD/MT to 545.43 USD/MT, while MGO index added 14.96 USD (from 617.27 USD/MT to 632.23 USD/MT). MABUX ARA LNG Bunker Index – the […]
As the North American economies continue to recover and consumer demands remain booming, container volumes have reached all-time highs for ports along both coasts. Along the East and Gulf coasts, volumes have been increasing throughout the year. The Virginia Port Authority reported last week that the Port of Norfolk had broken a monthly TEU volume record […]
According to the latest flash estimate, the Container Throughput Index of RWI – Leibniz Institute for Economic Research and the Institute for Shipping Economics and Logistics (ISL) rose by a seasonally adjusted 2.4 points in April to now 127.1. European ports in the North Range Index had a significant share in this increase. The index […]
During Week 21, MABUX World Bunker Index has returned to a phase of moderate upward evolution. 380 HSFO Index increased by 8.37 USD: from 416.01 USD/MT to 424.38 USD/MT, VLSFO Index rose by 7.82 USD: from 514.85 USD/MT to 522.67 USD/MT, while MGO index added $ 6.83 (from 610.52 USD/MT to 617.35 USD/MT). MABUX ARA […]
For European exporters looking to source shipping containers, existing shortages could deteriorate significantly in the coming weeks, according to the latest data from Container xChange, the world’s leading online platform for the leasing and trading of shipping containers. Most pricing and availability indicators now suggest carriers are continuing to favour shipping empties back to Asia […]
The Port of Oakland, as reported in February, saw imports and exports drop due to congestion in the ports of Los Angeles and Long Beach. Oakland is commonly the second or last port of call along the west coast after the Southern California ports, so those delays affected the ports throughput. Other delays were caused […]
During Week 20, MABUX World Bunker Index has turned into firm downward movement. 380 HSFO index decreased by 16.48 USD: from 431.90 USD/MT to 415.42 USD/MT, VLSFO Index declined by 14.56 USD: from 529.61 USD/MT to 515.05 USD/MT, while MGO Index lost 6.30 USD (from 616.29 USD/MT to 609.99 USD/MT). The MABUX ARA LNG Bunker […]
Trade along the busiest lane in container shipping has remained steady over the course of the year and has seen some growth despite several setbacks, including the Ever Given blockage of the Suez Canal for nearly seven days at the end of March. Along the Asia to Europe and Mediterranean routes, capacity has bounced back […]