Track cargo movements by waypoints, assess vessel routes, and evaluate the impact on pricing with our enhanced waypoint filter feature.
In the dynamic world of global trade, understanding cargo movement patterns is more crucial than ever. Two pivotal factors made route analysis more important than before: firstly, adjustments in the availability of transit slots through the Panama Canal, and secondly, heightened transit risks in the Red Sea. These changes have piqued market participants' interest and underscored the need for enhanced route analysis.
We’ve introduced an enhanced feature in our Cargo Flows screen, designed to provide users with in-depth insights into cargo movement routes. Our Cargo Flows screen now enables users to compare cargo movements based on the waypoints visited during their voyages. This real-time functionality ensures you're working with the most current data, focusing on actual, observed waypoints. So for all in-transit cargo movements, we will only consider the waypoints that have been visited. How to:
Simply select an unlimited number of waypoints that interest you using the “Via” filter, and utilise the "waypoints - selected" split feature. This allows you to compare cargo movements through canals, straits, or other waypoints such as the Cape of Good Hope, offering a clear view of trends and patterns.
To further enhance flexibility in your analysis, there is now also the option to filter movements by "waypoint entry" times. This status, available within the date range filter, will filter movements such that only movements entering selected waypoints in the selected range will be displayed. Additionally, by using the waypoint entry as the status, you'll be able to view the time series of the amount of cargo entered at each waypoint..
Our data reveals compelling trends that highlight the shifting dynamics of global trade routes. For instance, in the last 12 weeks, there were no LNG cargo transits through the Suez Canal, underscoring a significant shift. Conversely, a majority of cargoes opted for the route via the Cape of Good Hope, showcasing a unique phenomenon.
This enhanced feature is available to all Vortexa subscribers with access to the Cargo Flows screen. Just log into the Vortexa web platform to get started. See it for yourself today!
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