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New solutions needed as waiting times at Brazilian ports reach 15 days

14 December 2023

Congestion for ships loading grain cargoes at Brazilian ports has surged this year due to large harvests and low water levels in the Amazon River. Between January and November, the average waiting time reached 15 days, up from nine days average between 2018 and 2022 and well above the global average of five days for grain loadings in 2023.

Supply/demand balance at 2019 level as container volumes fall 4.6% y/y

13 October 2022

Since July 2020, the container market has benefitted from a surge in consumption of goods compared to pre-COVID levels, and head-haul and regional trade volumes have followed. Compared to the same period of 2019, container volumes in the second half of 2020 were up 5.7% while full year 2021 volumes were 9.0% higher. Volumes in the first half of 2022 were up 8.3%, also compared with H1 2019. Despite a growing fleet, capacity supply was unable to keep up as port congestion absorbed as much as 14% of the fleet, data from Sea-Intelligence shows.

Fresh stimulus could boost Chinese iron ore imports, down 3.3% YTD

01 September 2022

Preliminary shipping data from Oceanbolt shows a 1.7% y/y drop in Chinese iron ore import volumes in August. The volumes are, however, the highest since January and follow a 3.1% y/y increase in July. Year-to-date, Chinese iron ore imports are down 3.3% y/y, making up around 20% of global dry bulk volumes, but could be in for a bounce, benefitting the struggling Capesize segments.

China’s appetite for bauxite hits new record as Q1 imports jump 15.4% y/y

21 April 2022

Bauxite shipments arriving in China hit new record levels in the first quarter of 2022 and grew at an average annual rate of 12.8% between 2017 and 2021, significantly outpacing all other commodities which combined grew at an average of just 4.3% per year. So far in 2022, the appetite for bauxite imports has remained high and the price of aluminium has reached its highest level in 14 years.