Weekly Ocean Operations Update: Asia to Europe, US and Australia 22/09/23

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
• No weather disruption
• Due to the upcoming Golden Week in China, the cut off time for Week 40 shipments is being brought forward to Week 39
• Space is tight with some rollovers occurring

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

• CMA CGM is set to start a new comprehensive service from Asia to Portugal via FAL1. (Source: CMA CGM)
  

Market Intel: Oceania

• Two more cranes for the expansion of VICT Melbourne
  VICT’s two new cranes increase the number of STS at the terminal from five to seven units on a pier that was recently extended from 660 m to 731 m, at the same time, three new automated RMG served yard blocks were built. The full VICT expansion project with an extended pier, new cranes and an upgraded yard is scheduled to be completed in early 2024. (Source: Alphaliner)

Market Intel: USA

• MSC new LNG vessel – MSC Monica Cristina (15,264 Teu) deployed on “Sentosa-Shikra” Service. (Source: Alphaliner)
• Port throughput drops sharply in US (as of 1st half of 2023):
  • LAX/LGB dropped around 25%
  • NYC/NJY dropped around 24%
  • SAV dropped around 18% (Source: Alphaliner)