Demand for shipping containers stabilized, cargo industry normalizing

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