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 […]
During Week 23, MABUX World Bunker Index showed moderate irregular fluctuations. The 380 HSFO index has decreased by 1.70 USD: from 442.04 USD/MT to 440.34 USD/MT, the VLSFO index has fallen by 1.35 USD: from 546.43 USD/MT to 545.08 USD/MT, while the MGO index added 2.01 USD (from 628.68 USD/MT to 630.69 USD/MT). MABUX ARA […]
Ports in southern China impacted by Covid-19 lockdowns that are further disrupting the global box trade have seen a significant slump in container availability in the last two weeks, according to the latest data from Container xChange. Pearl River Delta port productivity has slumped in recent weeks with container lines citing positive Covid-19 cases for […]
In the past few years, Asia has increased their trade dominance across the South American continent’s economies. China has increased their partnership with various Latin American countries, including Brazil and Peru, as part of their Belt and Road Initiative. Peru recently reported that their growth in goods traded had outpaced the rest of the region, […]
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 […]