"The latest data of Container xChange, the global container trading platform, shows that in the sixth week of 2023 (February 5-11), the 40ft container CAx (container availability index) of Shanghai Port It reached 0.64, which has been above 0.6 for 11 consecutive weeks. CAx index can quantify the container availability of major ports in the world. When the value of CAx is greater than 0.5, it indicates that the container equipment is surplus, and when it is lower than 0.5, it indicates that the equipment is insufficient. In the period when one box was hard to find, the value of Shanghai Port was below 0.1 for a long time. "
Container xChange:
Chicago Port: 0.85
Singapore Port: 0.72
Hamburg Port: 0.82
Antwerp Port: 0.79
Durban Port: 0.83
In 2020-2022, international shipping was tight, and containers were in short supply. Shipping companies and even cargo owners bought containers in large quantities. The reason for the accumulation of containers now is the decline of exports and the excessive increase of containers in previous years. By 2023, the logistics capacity of foreign ports has recovered, and the empty containers that had been piled up in the storage yard have been shipped back to China in large quantities. Now the container factories may face a temporary shutdown. For this reason, many container factories are unwilling to expand their production lines when the container orders were full the year before last.
