THE Valencia Containerised Freight Index (VCFI) stands at 2,728.18 points, the highest figure since the start of the series in January 2018, with an increase of 17.85 per cent in May, reports the American Journal of Transportation.
Latin America Pacific increased 46.04 per cent, United States and Canada 29.88 per cent, and Central America and Caribbean 26.29 per cent.
The index shows positive figures in all but two areas under study: the increase in maritime traffic in European countries and the price of fuels.
There has been an evolution of freight rates regarding the behavior of demand. For example, the Leibniz Institute for Economic Research shows growth in port traffic in April after two months of stabilisation.
Furthermore, the new Good Trade Barometer created by the World Trade Organisation (WTO) indicates a strong recovery in international trade.
Meanwhile, according to Alphaliner data, the commercially idle fleet remains at record lows for another month due to buoyant demand. Seventy vessels are idle, one per cent of total capacity.
As for fuel prices, Brent crude oil increased 5.7 per cent in May compared to the previous month.
SeaNews Turkey
Latin America Pacific increased 46.04 per cent, United States and Canada 29.88 per cent, and Central America and Caribbean 26.29 per cent.
The index shows positive figures in all but two areas under study: the increase in maritime traffic in European countries and the price of fuels.
There has been an evolution of freight rates regarding the behavior of demand. For example, the Leibniz Institute for Economic Research shows growth in port traffic in April after two months of stabilisation.
Furthermore, the new Good Trade Barometer created by the World Trade Organisation (WTO) indicates a strong recovery in international trade.
Meanwhile, according to Alphaliner data, the commercially idle fleet remains at record lows for another month due to buoyant demand. Seventy vessels are idle, one per cent of total capacity.
As for fuel prices, Brent crude oil increased 5.7 per cent in May compared to the previous month.
SeaNews Turkey