During Week 19, MABUX World Bunker Index was rather steady with no any drastic changes in values. 380 HSFO index rose by only 0.37 USD: from 432.74 USD/MT to 433.11 USD/MT, VLSFO Index increased by 3.57 USD: from 528.43 USD/MT to 532.00 USD/MT, while MGO Index gained 8.56 USD (from 610.30 USD/MT to 618.86 USD/MT). […]
Average freight rates in North Europe to US East Coast trade have increased by more than one third in the last few weeks to reach over USD 3,600 per teu as increased US imports, port congestion & lack of containers and available ships have created a situation where cargo demand far exceeds available capacity. Carriers […]
According to the latest flash estimate, the Container Throughput Index of RWI – Leibniz Institute for Economic Research and the Institute of Shipping Economics and Logistics (ISL) rose by a seasonally adjusted 1.2 points in March to now 122.6. In the ports included in the North Range Index, it dropped by 8.4 percent since January. […]
The anticipated box crunch at European ports following the closure of the Suez Canal at the end of March has been less severe than expected, according to Container xChange. However, Europe’s leading box hubs are still receiving far more boxes than are departing. The average CAx reading of incoming 20 foot dry-containers across three of […]
Ocean carriers OOCL and ANL hold a strong lead on the Asia to Oceania trade in terms of allocated container capacity. BlueWater Reporting’s Carrier/Trade Route Deployment Report shows that OOCL allocates 18,634 TEUs per week towards the trade, followed by ANL at 16,067 TEUs. BlueWater Reporting defines weekly allocated TEU capacity as the amount of deployed […]
Activity at the Port of New York and New Jersey showed resilience in consumer demand and the global supply chain as cargo volume set a new all-time monthly record in March. Volume increased by 35 percent in March 2021 compared to March 2019, breaking the monthly record set in October of 2020. Compared to 2020, […]
Share prices for the leading container carriers have risen on average 400% from pre-COVID levels, significantly outperforming general stock market indices in Asia, Europe, and the US. Gains recorded on an individual company basis between 1 January 2020 & 30 April 2021 range from 59% at the low end to a high of up 996%. […]
The Shanghai Containerized Freight Index (SCFI) has reached a record high of 2,979.76 points last week with average freight rates on the spot market nearly breaching a new historical benchmark of $5,000 per FEU between Shanghai and the US West Coast. Meanwhile, spot rates in the Shanghai – North Europe trade increased to an average […]
DP World Limited handled 18.9 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first quarter of 2021, with gross container volumes increasing by 10.2% year-on-year on a reported basis and up 9.6% on a like-for-like basis. The first quarter witnessed a strong start to the year and all three […]