Weekly Ocean Operations Update: Asia to Europe, US and Australia 15/09/23

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
• No weather disruption
• National Day is 1 October and it is expected that there will be a small peak season prior to this in CFS and airfreight. Haulage may be overcrowded as well. The feeder service from Pearl River Delta to Yantian/Shekou/Da Chan Bay will be suspended during the holiday. The airport and seaport will remain 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
• 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
• 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 to buy 49% stake in Hamburg’s HHLA. Søren Toft, CEO of MSC said: "”This deal not only expands MSC’s global reach, but also unlocks the trade potential for the City of Hamburg and Germany." (Source: Alphaliner)
  
  

Market Intel: Oceania

• Terminal and port update
  
  (Source: ANL)

Market Intel: USA

• Panama Canal Draught issue continue
  
  • The Panama Canal Authority will further reducing daily transits (from current 34 vessels/day --> 30-32 vessels/day)
  • Around 116 vessels were waiting to pass through the Panama Canal
  • Current maximum waiting time is around 14 days

(Source: Reuters)