Weekly Ocean Operations Update: Asia to Europe, US and Australia 10/11/23

Shanghai Port Update:

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

Yantian Port Update:

• Port operations are currently normal
• Vessel waiting time is 1 day
• All container types available
• No weather disruption
• Space is tight on AEU1; AU schedules may have delays due to strikes in AU

Ningbo Port Update:

• Port operations are currently normal
• Some equipment availability is limited
• 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 
• There is a shortage of 40'GP
• No weather disruption
• Space has become tight; some blank sailings / rollovers occurring; blank sailings continue in November

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:

• EU
• Oceania
• USA

Market Intel: EU

Carriers announced a new round GRI of 01 DEC , the post-GRI tariff rate ex Far East to North Europe base port with effective from 01,Dec, carriers announced 01 Dec post-GRI rate as follow:

• HPL : USD1,750/HQ
• CMA : USD1,800/HQ
• COSCO : USD1,900/HQ

Market Intel: Oceania

The industrial action in AU has been leading to port congestion, which has been impacting the vessel northbound coming back to NE Asia, and leading ships in Nov to be delayed. It's expected the situation will impact Dec sailings as well.

Market Intel: USA

ZIM’s Express service – ZEX is back to the market, connecting Xiamen, Yantian and Los Angeles in late Nov.

Transit time from Yantian to Los Angeles is 12.5 days targeting e-Commerce customer paying premium rate.

(Source: ZIM)