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 […]
An ongoing cargo boom largely driven by online purchases lifted the Port of Long Beach to its strongest April on record. Dockworkers and terminal operators moved 746,188 twenty-foot equivalent units in April, a 43.6% increase from the same month last year. It was the first time the nation’s second-busiest seaport handled more than 700,000 TEUs […]
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 […]