Demand for shipping containers stabilized, cargo industry normalizing

The shipping port in Shanghai, China

Online platform for container logistics and data Container Availability Index (CAx) described January as a congested month for Chinese ports as the country re-opens after three years of its zero-covid policy just in time for Lunar New Year delays. 

According to the CaX index, indicators are showing container operator demand has increased by 9.7 percent from USD 513 (EUR 478) in week 1 to USD 563 (EUR 524) in week 5.

China’s manufacturing purchasing managers index (PMI) was 50.1 in January, increased from 47 in December. 

Chief executive of Hamburg, Germany-based international shipping and container company Hapag Lloyd Rolf Habben Jansen said the industry is back to normal, and the company is fighting for every box to get its ships full, according to gCaptain

Photo courtesy of Patrick Foto/Shutterstock

SeafoodSource Premium

Become a Premium member to unlock the rest of this article.

Continue reading ›

Already a member? Log in ›


Want seafood news sent to your inbox?

You may unsubscribe from our mailing list at any time. Diversified Communications | 121 Free Street, Portland, ME 04101 | +1 207-842-5500