The Southeast Asia to U.S. trade has seen a sharp uptick in container capacity as consumer goods demand across the nation remains strong. U.S. goods shipments from Vietnam, the leading country in Southeast Asia the U.S. imports goods from, have been surging in recent years thanks to cheaper labor in Vietnam than in China, U.S.-China […]
The vessels delayed by the Ever Given incident are on the move but problems aren’t over. Ocean freight has already been disrupted by the pandemic, leading to spiking container tariffs and 7 out of 10 vessels arriving late. The Suez incident will keep the market off balance for longer, fuelling ongoing capacity constraints and elevated […]
MABUX World Bunker Index has shown downward changes during the week. The 380 HSFO index has decreased from 414.21 USD/MT to 409.56 USD/ MT (-4.65 USD), VLSFO has lost 3.02 USD: from 500.59 USD/MT down to 497.57 USD/MT. MGO LS decreased by 0.72 USD from 572.99 USD/MT to 572.27 USD/MT. The Global Scrubber Spread (SS) […]
The European innovation project Flagships will deploy the world’s first commercial cargo transport vessel operating on hydrogen, plying the river Seine in Paris. Commercial operations are set to commence in 2021. The hydrogen cargo transport vessel will be owned by French inland shipowner Compagnie Fluvial de Transport (CFT), a subsidiary of the Sogestran Group. The […]
During Week 18, MABUX World Bunker Index continued firm upward movement following general trends on global crude oil market. 380 HSFO index rose by 11.23 USD: from 422.29 USD/MT to 433.52 USD/MT, VLSFO Index increased by 10.70 USD: from 518.22 USD/MT to 529.32 USD/MT, while MGO Index gained 14.76 USD (from 594.37 USD/MT to 609.13 […]
With the Suez Canal open again, a stretched world trade system can’t catch up overnight, increasing the disruption to supply chains. The blockage is over, but the damage is done The six-day-long period of traffic being completely stopped in both directions along the Suez Canal has delayed some 16 million tons of cargo freight on […]
After starting the year with the highest January on record for volume, the Port of New York and New Jersey continued the record-breaking trend into February with a 7.9 percent increase in overall cargo activity over February 2020. Total volume for February was 625,120 TEUs (347,635 lifts) versus 579,124 TEUs (326,370 lifts) in February 2020, […]
April is traditionally the month that the three mega-alliances implement changes in their East-West networks. Due to port congestion and a shortage of ships, the situation looks very different this year. The Alliance has formally announced that part of the reorganization of the North Europe – US ‘Transatlantic’ services had to be postponed “due to […]
MABUX World Bunker Index has shown irregular changes during the week. The 380 HSFO index has increased from 408.36 USD/MT to 414.48 USD/ MT (+6.12 USD), VLSFO has lost 5.08 USD: from 505.14 USD/MT to 500.06 USD/MT. MGO LS decreased by 8.54 USD from 581.39 USD/MT to 572.85 USD/MT. The Global Scrubber Spread (SS) – […]