Weekly Ocean Operations Update: Asia to Europe, US and Australia 18/08/23

Shanghai Port Update:

• Port operations are currently normal
• Vessel waiting time is 0-3 days
• All container types are available
• No weather disruption
• Capacity is normal

Yantian Port Update:

• Port operations are currently normal
• Vessel waiting time is 1 day
• All container types are available
• No weather disruption
• Capacity is normal

Ningbo Port Update:

• Port operations are currently normal
• Vessel waiting time is 2-4 days
• All container types are available
• No weather disruption
• Space is tight due to being occupied by empty units

Qingdao Port Update:

• Port operations are currently normal
• There is currently a 1-3 day delay on vessel waiting time
• Some equipment is limited
• No weather disruption
• Capacity is normal

Xiamen Port Update:

• Port operations are currently normal
• Vessel waiting time is currently 1-2 days 
• 20'GP and 40'HC are in good supply; there is a shortage of 40'GP
• No weather disruption
• Space is tight; carriers are managing space supply strictly with port skips / reroutes / roll overs. ETA delay; transit time is longer than normal.

Vietnam Port Update:

• Port operations are currently normal
• Vessel waiting time is currently 0-3 days 
• All container types are available
• No weather disruption
• Capacity is normal

FEWB rate and capacity update:

*GRI increases are for spot rates only; this will not apply to customers with a rate contract in place

Oceania rate and capacity update:

*GRI increases are for spot rates only; this will not apply to customers with a rate contract in place

TP rate and capacity update:

*GRI increases are for spot rates only; this will not apply to customers with a rate contract in place

Blank Sailing Updates:

• Australia
• EU
• USA

Market Intel: EU

• Evergreen buys 20% stake in Euromax Rotterdam
  Euromax is one of five large container terminals in Rotterdam’s Maasvlakte area, adding to Rotterdam Word Gateway, APMT-MV2, ECT Delta Terminal and Hutchison Ports Delta II (the former APMTR). Evergreen is also a minority stakeholder in ECT Delta with a share that is believed to be ‘in the region of 5%’. Evergreen mainline calls at Rotterdam are roughly evenly split between Euromax and ECT Delta 1, whereby the latter terminal is used to handle the carrier’s flagship service ‘CEM’, which is also known as the OCEAN Alliance ‘NEU6’. The top users at Euromax are the OCEAN members and mainline carriers CMA CGM, COSCO, Evergreen and OOCL, as well as the regional lines Unifeeder, BG Freight and X-Press. (Source: Alphaliner)

Market Intel: Oceania

• Terminal and port update
  
  (Source: ANL)

Market Intel: USA

• Panama Canal faces water shortage crisis (Draught Issue)
  
  • Ever Max 1208W (Neo-Panamax class) forced to unload cargo in order to transit the Canal
    
  • Capacity for vessel transiting reduce from normal 36 vessels/days to current 32 vessels/days
  • Quota for Neo-Panamax class transiting remains 10 vessels/days as normal
    
    (Source: Seatrade Maritime)