Weekly Ocean Operations Update: Asia to Europe, US and Australia 01/09/23

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
• Still generally soft in the market across all trades. Overall offload situation is not bad except CMA FAL5 to UK and PL as they are receiving more than their capacity.
  
  Super typhoon "Sula" has seriously affected Shenzhen from a close distance, and the municipal meteorological observatory may upgrade the typhoon orange warning signal to red at around 14:00 on 1 September 2023.
  
  Vessels may be delayed a little bit but subject to carrier update.
  
  From 1 September 2023, all terminals closed without empty out/laden gated in. Shenzhen CCS/OP are in close contact with the vendors for local operations.

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
• Vessel waiting time is 0-1 days
• All container types available
• 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 still 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

• MSC gets into another vessel-sharing deal with ZIM
  

  MSC have vessel-sharing agreement (VSA) with ZIM on their North Europe-Mediterranean Israel Express Service

  The new VSA will deploy five 6,700 teu-type vessels (3 x MSC / 2 x ZIM)

  New route as follows:

  London Gateway -> Rotterdam- > Hamburg -> Antwerp -> Le Havre -> Ashdod -> Haifa -> Damietta -> Valencia -> London Gateway.

  (Source: The Loadstar)

Market Intel: Oceania

• Terminal and port update
  
  (Source: ANL)

Market Intel: USA

• BCO rates are lower than FAK which shifts some customers’ focus back on BCO contracts as shipping lines do not strictly control the space for BCO.
• September capacity reduction is minimal; except PNW is weaker in terms of vessel utilization, so shipping lines have taken out some capacity. Expected October blank sailing would be much higher %.
• Panama Cancel Drought issue would be the concern and impact on USEC. Expected to have the lower utilization on the vessels with the weight limitation and may have the vessel delay as waiting time at the port longer.