The World Bunker Index MABUX was steady over a week with no real firm trend. The 380 HSFO index rose slightly from 365.63 USD/MT to 365.92 USD/ MT +0.29 USD , VLSFO added only 1.43 USD: from 460.00 USD/MT to 461.43 USD/MT while MGO gained 2.59 USD and changed from 515.42 USD/MT up to 518.01 USD/MT.....
Global maritime Hub
Published 4y-10mo-2w-5d-1h-54m ago
Imports seen during 2020 appear to be headed toward a new record despite the coronavirus pandemic, and remain at high levels as 2021 begins, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “Nobody would have thought last ....
Global maritime Hub
Published 4y-10mo-2w-5d-7h-1m ago
Chinese New Year amp 8211 End to Equipment Shortage in Sight After a bumpy 2020, an end to the equipment shortage is in sight. A positive trend of the Container Availability Index, with values of 0.34 for 20DCs and 0.37 for 40DCS, could make Chinese New Year the turning point. Container xChange ....
Global maritime Hub
Published 4y-10mo-2w-6d-3h-48m ago
Drewry’s container port throughput index contracted by 2.4% 3.4 points to 136.1 points in November 2020, a milder seasonal contraction compared to recent years. The index was more than 6 points 4.7% higher than in November 2019, driven by strong growth in China and North America. After reachin....
Global maritime Hub
Published 4y-10mo-3w-8h-57m ago
Congestion causes containerships to anchor outside SoCal ports Port congestion remains a lingering issue for the ports of Los Angeles and Long Beach as imports from Asia continue to remain strong. Looking at just a snapshot of the port congestion in the San Pedro Bay area, between 8:00 a.m. 12:00 p.....
Global maritime Hub
Published 4y-10mo-3w-4d-3h-45m ago
The port managed to handle 36.9 million TEUs in 2020, down only 0.9% from the 37.2 million TEUs it handled in 2019, the Maritime and Port Authority of Singapore MPA Singapore revealed this week. Although the port’s overall cargo throughput in terms of tonnage dropped 5.8% year over year to 590.3....
Global maritime Hub
Published 4y-10mo-3w-5d-3h-20m ago
The COVID 19 pandemic’s spread is taking center stage again and markets are getting increasingly worried about the long duration of European lockdown and about the new restrictions in China. Border closures, social distancing measures and shutdowns will continue to constrain fuel demand until vacc....
Global maritime Hub
Published 4y-10mo-3w-5d-3h-55m ago
Liner operators are finding it increasingly hard to change or enhance services due to a lack of Very Large Container Ships. The huge cargo demand in China requiring extra sailings and port congestion have rendered smooth cascadings of vessels impossible. The few blank sailings that have recently b....
Global maritime Hub
Published 4y-10mo-3w-6d-1h-6m ago
Let’s start with the bad news first: Container availability was at record lows at the end of December 2020 in Shanghai basically across China . With a minus of 50% compared to the same period in 2019, availability for 4ßDCS was only at 0.13 indicating a strong deficit. For 40HCs it was similar w....
Global maritime Hub
Published 4y-10mo-3w-6d-1h-12m ago
Essential workers at the Port of Long Beach moved more than 8.1 million cargo container units in 2020, setting a record in the face of economic uncertainty due to the COVID 19 pandemic and the ongoing trade war with China. The Port ended 2020, its busiest year on record, with 8,113,315 twenty foot e....
Global maritime Hub
Published 4y-10mo-4w-1d-7h-9m ago
During the first two weeks of 2021, world bunker indices continued their moderate upward trend. Meantime, the most critical unknowns for the bunker market are still the coronavirus pandemic, the rate and effectiveness of vaccinations that have begun around the world, and how quickly this process wil....
Global maritime Hub
Published 4y-11mo-2d-2h-57m ago
The first Shanghai Containerized Freight Index SCFI published this year by the Shanghai Shipping Exchange stands at 2,870.34 points which is another all time high. Spot rates are expected to continue their rise in the coming weeks as carriers continue to struggle with a shortage of ships and 40’....
Global maritime Hub
Published 4y-11mo-2d-6h-19m ago
Container equipment availability is very low across Asian main ports – and also below last year’s levels. An index of 0.5 describes a balanced market, below 0.5 a shortage of containers. Chart: Example Container Availability Index CAx for 40HC in Shanghai 2020 vs. 2019 Historically equipment....
Global maritime Hub
Published 4y-11mo-2d-6h-28m ago
Maersk has extended its sustainability support of German rail customers with a new CapO2 free intermodal transports solution, which is now available on 85% of its German inland rail services. This local and cost neutral solution reduces CO emissions to zero and saves around 9.100 tons of CO annual....
Global maritime Hub
Published 4y-11mo-3d-8h-34m ago
Global Bunker Market faced some historically significant challenges last year, it started with IMO2020, the greatest change in fuel regulation in this century, with lot of expectations and contradictory predictions. However, the appearance of the so called “Joker factor” amp 8211 COVID 19 am....
Global maritime Hub
Published 4y-11mo-1w-1d-23h-28m ago
The Drewry Multipurpose Time Charter Index increased to $6,289 per day in December, representing a rise of 3.5% compared to the previous month. Over the year to December Drewry’s index is down 3.3%. Drewry expects the index to rise a further 1.4% in January to reach $6,375 per day. Rates rose in a....
Global maritime Hub
Published 4y-11mo-1w-2d-3h-32m ago
Drewry’s composite World Container index increased 19.8% to $5,220.99 per 40ft container updated Thursday, 7 January 2021 . The chart shows a two year spot freight rate trend for the World Container Index Follow on Twitter:
The post World Container Index 07 Jan first appeared on Global Maritime....
Global maritime Hub
Published 4y-11mo-1w-2d-8h-25m ago
The global container fleet grew 2.9% in 2020, the lowest rate since 2016, further helping carriers in what was a tumultuous year. Teu capacity reached 23.9 Mteu as of 1 January 2021, compared with 23.2 Mteu a year earlier. The capacity increase falls below predictions made at the start of the year ....
Global maritime Hub
Published 4y-11mo-1w-2d-23h-53m ago
