Market Outlook v8 - April 2022
With Russia’s war in Ukraine triggering a supply shock in agricultural produce, the average price of wheat and fertiliser has surged by 88% and 77%, respectively, in the period 24 February to 14 March compared to January.
As of the 19th of April 2022, 87 998 commercial flights were flown per day in the last seven days, compared to 77 735 and 27 969 in 2021 and 2020, respectively
Global international air cargo capacity decreased by 7% (vs 2019) between March 21 and April 3 2022.
72 cancelled sailings have been announced between weeks 16 and 20, out of a total of 725 scheduled sailings, representing 10% cancellation rate.
Global schedule reliability improved M/M in February 2022 by 4.0 percentage points, reaching 34.4%, the first significant M/M improvement we have seen in schedule reliability since March 2020.
According to the latest data on the Alphaliner Weekly Newsletter, LNG-powered ship orders now represent 25% of the orderbook by teu capacity. This figure rises to 28% if methanol propulsion is added.