The Container Availability Index (CAx) crunches data together from all around the globe to allow companies to monitor the overall equipment situation. Companies can then find out whether shipping costs are in fact increasing or decreasing to make more informed decisions when it comes to leasing and trading containers.
The CAx looks into the going ins and coming outs of containers from ports on a weekly basis. It covers over 10 million containers and follows their journey. A CAx value of 0.5 indicates a balance.
A CAx value of less than 0.5 indicates that more containers are leaving a port in the same week. On the other hand, a value of more than 0.5 indicates that more containers are entering a port in said week.
Now this week, for the 3rd time in a row, Shanghai shows a positive container availability trend.
For 20DCs the index is up 5.4% and for 40DCs even 10% compared to last week. After weeks of equipment shortages across Asia, this finally indicates better times for companies looking for equipment across China.
Source: Container XChange
Follow on Twitter:
[tfws username=”ConXchange” height=”700″ width=”350″ theme=”light” color=”#FAB81E” tweets=”2″ header=”yes” footer=”yes” borders=”yes” scrollbar=”yes” background=”yes”]