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In the first half of 2022, the Chinese economy was plagued with weak demand and low economic growth, driven in part by their zero COVID policy. The country’s weaker economy caused a lower demand for steel, meaning that production fell by 8.7% y/y as of May.
In 2022, Chinese shipyards reached a market share of 47% and for the first time exceeded the combined market share of Japanese and South Korean shipyards.
The global XSI® index saw its first month-on-month fall since January 2022 as it slid to 448.3 in September, falling by 1.1%. The monthly containership report discusses recent containership freight rate movements and market developments. Brought to you by Xeneta.
The global XSI ® continued to climb in March 2022, rising by 7.0% month-on-month to 265.0 points. The monthly containership report discusses recent containership freight rate movements and market developments. Brought to you by Xeneta.
The IMSBC Code 2022 Amendments – what are they?