Weekly Ocean Operations Update: Asia to Europe, US and Australia 17/11/23

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
• Vessel waiting time is 2-4 days
• MSK has a shortage of 20’GP this week
• 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 will continue throughout November

Vietnam Port Update:

• Port operations are currently normal
• Vessel waiting time is currently 0-2 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

New car carrier service from Shenzhen to the Red Sea:

This is the fourth international ro-ro service from Xiaomo port after those to Middle East, Southeast Asia and Mediterranean region, which will further optimize Xiaomo’s automobile export network and improve ro-ro service ability of Shenzhen port.

As of date this year, Xiaomo port has exported over 18,000 units of automobile, accounting for around 30% of total automobile export volume of Shenzhen.

(Source : Seatrade Maritime)

Market Intel: Oceania

• DP World (AU) faced a cyber attack which led to terminal shut down between 10-12 Nov 2023
• DP World (AU) announced terminal recovered and operation remain from 13 Nov 2023 morning
• Port congestion continues in AU main ports (average of 4-5 days delay)

(Source : DP World (AU) / ANL)

Market Intel: USA

Box lines announce new efforts to hike rates on India-US trades

Carriers include Hapag-Lloyd, CMA CGM and Maersk, have reworked their pricing strategies , on India-US trade, by pushing through hefty general rate increase (GRI). An across-the-board $200 per box increase is on the cards for shippers, from the beginning of next month.

Some positive trade signs are emerging for carriers. Last month India’s exports rose for the first time in eight months, according to available preliminary data. By value it was up 3% year on year, to some $31.6bn, largely propelled by gains in pharmaceutical and engineering goods.

(Source: The Loadstar)