Key Insights from the report:
- Downward trend in average container prices and leasing rates after plateauing in September this year. Looking at major ports in China, US, Germany and UK, we see container prices declining from August to November. US prices have gone down by around 15% since August to November.
- Looking at the Container availability index (CAx), the problem of consistent inbound container logjam shows high burden on ports globally.
- 2021 in many ways wraps up as the year of supply chain and shipping - mostly the containers were the highlight, or rather lowlight of the industry
- Average container prices for 40 feet high cube and 20 feet dry container stabilises in the United States. However, Container availability has not improved for better at ports of Los Angeles, Long Beach, Savannah and Houston (to name a few).
- Out of the 83 ports in different parts of the world (part of the research), only 9 ports have CAx values less than 0.50. 74 ports have CAx values greater than 0.50. Compared to last year in 2020, 61 ports had CAx values less than 0.50. In the year 2019, 34 ports had CAx values less than 0.50.
This shows the current state of disrupted supply chain.
