Shipping Market Insight

On May 27, the Baltic Dry Index (BDI) closed at 2,681, down 252 points from the previous day. Last week, the bulk market was down in all directions, with the Cape market crashing. According to foreign media, the maritime freight futures trading (FFA) market showed a slump, which had an effect on the slump in the market. The Cape Freight Index (BCI) recorded 2,818, down 660 points from the previo..

Dry Bulk 2022. 6. 1. 09:00

The global container freight rate index(SCFI), which rebounded for the first time in 18 weeks, rose for the second week in a row. According to the industry, the Shanghai Container Freight Index (SCFI), a global shipping rate indicator, recorded 4,175.35, up 12.66 points from the 13th. The SCFI, which peaked in January and went on a downward trend, gradually decreased as time went on. Last week, ..

Container 2022. 5. 31. 13:34

In the 22nd week, BDI and SCFI predicted values and actual values are compared and tested. 1. Last Week’s forecasts 1-1. BDI, Actual Vs. Predicted Date Last week Forecast Actual BDI MAPE(%) Accuracy(%) ‘22/21W(5/23~27) 3,185.337 3,072.60 3.7% 96.3% 1-2. SCFI, Actual Vs. Predicted Date Last week Forecast Actual SCFI MAPE(%) Accuracy(%) ‘22/21W(5/23~27) 4,159.141 4,175.35 0.4% 99.6% The prediction..

Forecast 2022. 5. 29. 09:00

Highlights of this month : -. Lowering demand forecasts: Drewry lowered its demand forecast to '22 (existing 4.6% -> 4.1%) and '23 (existing 3.5% -> 2.8%). One of the many factors is that macroeconomic sentiment will slow down due to the Russia-Ukraine war, the blockade effect of China's Zero Corona policy, and the U.S. sharp rate hike. On most routes, the volume of goods transported in '23 is e..

Container 2022. 5. 27. 09:00

1. Progress of negotiations The International Longshore and Warehouse Union (ILWU) has asked several sources close to negotiations to suspend contract negotiations with the Pacific Maritime Association (PMA) until June 1. The reason for the ILWU's suspension of negotiations is currently unclear, and various sources say little progress has been made since negotiations began on May 10. 2. Past-sto..

Special Report 2022. 5. 25. 09:30

As of the 20th, the Baltic Dry Index (BDI), which represents bulk carrier freights, stood at 3,344 points, up 8 percent from the previous week. Freights on the super-large Capesize jumped 14 percent, leading the index's rise. In particular, iron ore shipments outside China are increasing amid a rapid decline in China's iron ore port inventory. As a result, freights for routes to Europe also rose..

Dry Bulk 2022. 5. 24. 09:00

The Shanghai Container Freight Index (SCFI) rose 14.86 points (0.36%) from the previous week to 4162.69 as of the 20th. It is the first time in 18 weeks since January 7th that SCFI has returned to an upward trend. Earlier, the SCFI soared to a record high of 5,109.60 in early January, but declined for 17 consecutive weeks due to the Chinese New Year holiday and lockdown measures. Meanwhile, the ..

Container 2022. 5. 23. 16:13

In the 21st week, BDI and SCFI predicted values and actual values are compared and tested. 1. Last Week’s forecasts 1-1. BDI, Actual Vs. Predicted Date Last week Forecast Actual BDI MAPE(%) Accuracy(%) ‘22/20W(5/16~20) 3,203.596 3,200.40 0.1% 99.9% 1-2. SCFI, Actual Vs. Predicted Date Last week Forecast Actual SCFI MAPE(%) Accuracy(%) ‘22/20W(5/16~20) 4,137.046 4,162.69 0.6% 99.4% The prediction..

Forecast 2022. 5. 22. 09:00