Draft restrictions in Panama Canal impact your supply chain - As of May 24, even tighter draft restrictions will commence. Today it’s at 13.72m, later this week 13.56m and next week 13.41m. This reduces the cargo carrying capacity of the neo-Panamax containerships that use the 3rd set of locks for Panama Canal transit, and which is sensitive to the water level of Lake Gatun and drought. No relief in sight as El Nino is set to make 2023 dryer than normally. Consider services via Suez Canal to reach US EC.
Webinar / Events
Customer Ocean Webinar Recording | May 24, 2023
May '23 Freight Market Pulse Webinar Replay
In May’s customer-exclusive webinar, our hosts dive into critical trends in the current ocean freight market, engaging industry-leader Lars Jensen, CEO & Partner at Vespucci Maritime to share his perspective. Combining his world-renowned insight and market predictions with Xeneta data on market movements in the last 6-12 months, attendees will walk away with actionable insighton balancing service levels and pricing, and how to gain a competitive advantage in this market. May Customer Webinar Replay
According to the 2022 Lloyd’s List top 100, Santos ranks as the world’s 41st largest port. With the South America East Coast receiving 38% of containerized goods entering South and Central America from the Far East (source: CTS), equivalent to almost 1.7 million TEUs in 2022, the importance of the Brazilian port as a key regional hub is clear. Continue Reading
Container Shipping Trends Summary | May 2023
Shipper's Market - Carriers Hunting for Cargo to Support Their Strategies
In April, the global XSI experienced a 10.6% decline from March, reaching 309.1 points. However, it remains 5.0% higher than it was in April of the previous year. This represents the lowest year-on-year growth recorded in the global XSI since January 2021. To provide context, in April 2022, the XSI was 118.5% higher than it was in April 2021. Continue Reading
Q1 CEI Carrier Ranking | May 23, 2023
Far East - US West Coast
We are back with the latest update on carbon emissions from shipping carriers between the Far East and the US West Coast based on the Xeneta and Marine Benchmark Carbon Emissions Index (CEI), which we affectionately call "naming and faming." In the first quarter of 2023, Hyundai Merchant Marine (HMM) stood out among other carriers in this trade route, demonstrating remarkable performance with an average score of 56.2 on the CEI index. Continue Reading
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