Weekly Ocean Operations Update: Asia to Europe, US and Australia 08/09/23

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
• There has been heavy rainfall and flooding but the impact to operations remains limited; please see our latest update on the situation.
• 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.

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
• Typhoon brought heavy rain this week, which affected cargo delivery / terminal handling for a short time. Now back to normal.
• Space is tight; carriers are managing space supply strictly with port skips / reroutes / roll overs.

Vietnam Port Update:

• Port operations are currently normal
• Vessel waiting time is currently 0-3 days ; due to port congestion and the previous port, MSC, HPL, CMA have ETA / ETD delayed, 2-4 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

• Newbuild 24,000 teu ultra-large container vessels are now being idled as soon as they are delivered in Asia, as carriers are obliged to blank more sailings due to weakening demand.  (Source: The Loadstar)
• OOCL Welcomes Another Eco-friendly 24,188 TEU Mega Vessel, Named “OOCL Zeebrugge” (Source: OOCL)

Market Intel: Oceania

• ANL announced ANZ Shuttle Service (Australia – New Caledonia – New Zealand Service) will be adjusted from middle of Oct 2023, Sydney will be replaced with Noumea on its loop 2.

• ANL will continue to offer a direct connection between Sydney and ports in New Zealand with its TTZ service.

• New Port Rotation:
  Loop 1 : Brisbane – Nomuea – Napier – Tauranga – Brisbane
  Loop 2 : Brisbane – Nomuea – Napier – Auckland – Brisbane

• Vessels Deployed:
  2 x 1,100 teu

(Source: ANL)

Market Intel: USA

•  Far East to N. America has increased 17% in the past 5 years
• International Longshore & Warehouse Union (ILWU) approved 6 years collective labour agreement
  • Agreement will implemented retroactively from 01 July 2022 until 01 July 2028
  • Covering 22,000 employees at 29 ports along the West Coast
  • Attention is now aiming on International Longshoreman’s Association (ILA), who’s representing 80,000+  dock workers in US East Coast and Gulf Ports as current agreement will be expire on 30 Sept 2024

(Source: Alphaliner)