Skip to content


CTS shows a steep decline in global demand for September 2022: about -9% year-on-year. The decrease drove by poor export demand from Asia to North America and Europe.


With a few exceptions, mainly in North America, port congestion is generally easing with vessel waiting times reducing, ports operating at less capacity, and container turnaround times decreasing which ultimately frees up the capacity in the market.


In October, we noticed a mix of a rapid drop in demand for capacity and aggressive rescheduling of sailings away from Asia outbound routes to pick up higher-paying cargo on the Transatlantic routes


The Drewry composite index decreased by 3% this week to £3050/40’, the 36th consecutive weekly decrease, and has dropped by 67% compared with the same week last year but remains 115% higher than average 2019 (pre-pandemic) rates of $1,420.


Schedule reliability reversed its improving trend in September 2022 and declined M/M by -0.7 percentage points, reaching 45.5%. Despite the slight decline, schedule reliability in September 2022 is still 11.5 percentage points higher than it was at this point in 2021


No significant changes in bunker prices in the last four weeks, with bunker prices gradually going down. The spread between VLSFO and IFO380 is slowly reducing but still around $230- $310/mt.

Read more