Global freight rates continue global upward trend freshplaza.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freshplaza.com Daily Mail and Mail on Sunday newspapers.
The Valencia Containerised Freight Index (VCFI) exceeds 2,000 points with a growth in April of 17.39%
The Valencia Containerised Freight Index (VCFI) continues its upward trend, reaching 2,314.89 points in April, an increase of 17.39% over the previous month. In a global context marked by the generalised growth of freight rates, the VCFI links its ninth consecutive month of growth and exceeds two thousand points for the first time in its history since the index began in January 2018. The effects of the incident with the Ever Given vessel in the Suez Canal, released at the end of March, have added to the complexity of an already stressed market. To this, we must add the upward forecasts for world GDP which reinforce market demand, the congestion in the main US ports and the increase in the price of some fuels.
The Valencia Containerised Freight Index (VCFI) increased by 17 48% in March | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Valencia Containerised Freight Indexcontinues to rise in February and grows by 6.83%
The Valencia Containerised Freight Index (VCFI) has registered in February an increase of 6.83% over the previous month and stands at 1,678.60 points, the highest figure since the start of the historical series in January 2018. The dynamism of maritime traffic since September 2020 is causing a shortage of empty containers in the market that makes it difficult to book spaces on vessels and increase freight rates. In addition, the fuel price growth that started at the end of last year is also influencing. At this juncture, all but one of the areas analyzed by the VCFI have increased freight rates in this second month of the year.
The Valencia Containerised Freight Index starts the year with a growth of 10.41%
The Valencia Containerised Freight Index (VCFI) has started the year with a growth of 10.41% in line with the last half of last year, according to Valenciaport s release. The demand in the shipping market remains high for this time of the year, which is also reflected in the low share of the idle fleet, which stands at 1%. In January, all the geographical areas analysed by the index experienced increases in freight rates, in the case of the Western Mediterranean by 3.05% and the Far East by 4.24%. Thus, the VCFI created by the Port Authority of Valencia to reflect the evolution of maritime transport rates reaches 1,571.29 points, accumulating an increase of 57.13% since the beginning of the series in 2018.