Flying the tank flag in Shanghai

Last year, all the Chinese ports handled 16.97 Bt, having exceeded their 2022 volume by nearly 8%. Shanghai throughputs surged, Hong Kong saw a downfall.

“The management of the Red Sea crisis has alleviated concerns of sudden container price rises, providing a more predictable environment”

Valenciaport handled 784,095 containers in the first two months of the year, a growth of +9.97% compared to January-February 2023.

The industry continues to be dominated on a global level by a relatively small number of major tank container operators and leasing companies.

Xeneta data reveals that average spot market rates from China to Mexico have consistently surpassed long-term contract rates since April 2023.

The International Tank Container Organisation (ITCO) has published its 11th Annual Tank Container Fleet Survey. As of 1 January 2023, the survey estimates that the global tank container fleet had reached 801,800 units worldwide, compared with the figure of 737,935 units on 1 January 2022 – a year-on-year growth of 8.65%.