Following years of restraint, the last two quarters have seen a massive wave of fresh container ship newbuilding orders, especially for ultra large vessels. High freight rates and the shipping lines’ strong financial results have finally renewed confidence in the carriers’ ability to generate money in the very capital intensive liner shipping industry. Over the […]
After months of crippling shortages, container availability is finally improving again in China, according to Container xChange’s Container Availability Index (CAx). The CAx reading of incoming containers across Chinese main ports is currently up 56% compared to before the Chinese New Year (CNY) holidays which started on February 11. At Shanghai, the biggest Chinese box […]
In the first quarter 2021, demonstrated firm upward evolution: the growth of MABUX HSFO 380 Global Index averaged plus 59.94 USD/MT, MABUX VLSFO Global Index – plus 67.80 USD/MT and MABUX MGO Global Index – plus 84.50 USD / MT. Global MABUX SS spread (the difference in price between 380 HSFO and VLSFO) in 1Q […]
The Suez Canal has been blocked by a large container ship, but last year’s drop in world trade volumes is still the bigger problem for supply chains. With supply chains already under pressure, a large container ship has now literally blocked one of world trade’s major routes. Shipping capacity between Europe and Asia was already […]
2M Alliance members Maersk Line and Mediterranean Shipping Co. (MSC) have unveiled several measures recently to improve schedule reliability, which has deteriorated across the liner shipping industry in general due to congestion at many ports around the globe. Measures Maersk and MSC are taking to boost reliability across their own network include splitting up two […]
After a surprisingly quick world trade recovery, container shortages and new trade barriers are likely to dampen the potential for world trade growth over the course of the year. Nevertheless, we expect 6% growth in 2021 Escaping lightly During the pandemic, world trade has benefited from global recoveries in retail sales and industrial production, while […]
Containership operators have emerged much stronger from the COVID-19 pandemic than the 2008 financial crisis due to a mix of generous government aid, buoyant volumes, carrier discipline, and a modest orderbook. Despite a steep –3.5% decline in world GDP last year, the global throughput of containers was relatively unscathed in 2020 with volumes dropping only […]
MABUX World Bunker Index has shown irregular changes during the week. The 380 HSFO index has declined from 431.14 USD/MT to 428.88 USD/ MT (-2.26 USD), VLSFO has lost 2.80 USD: from 535.43 USD/MT to 532.63 USD/MT. MGO LS increased by 3.10 USD 601.79 USD/MT to 604.89 USD/MT. The Global Scrubber Spread (SS) – the […]
WASHINGTON – Imports at the nation’s largest retail container ports are expected to grow dramatically during the first half of 2021 as increased vaccination and continued in-store safety measures enable additional shopping options, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “NRF is forecasting what […]