Overview by trade lane
FEWB summary:
Rate and capacity update as of March 8, 2024:
*Rate trend is based on this week’s rates in comparison to the previous week
Oceania summary:
Rate and capacity update as of March 8, 2024:
*Rate trend is based on this week’s rates in comparison to the previous week
Transpacific summary:
Rate and capacity update as of March 8, 2024:
*Rate trend is based on the week’s rates in comparison to the previous week
Asia port updates
Shanghai
- Port operations are currently normal
- Vessel waiting time is 0-3 days
- Equipment availability is normal
- Capacity is normal
- No weather disruption
Yantian
- Port operations are currently normal
- Vessel waiting time is 1 day
- Equipment availability is normal
- Capacity is returning to normal; some blank sailings are in place for the next couple of weeks
- No weather disruption
Ningbo
- Port operations are currently normal
- Vessel waiting time is 2-4 days
- Equipment availability is normal
- Capacity is normal
- No weather disruption
Tianjin
- Port operations are currently normal
- Vessel waiting time is 2-3 days
- Most carriers are lacking 20’GP
- HPL is lacking 40’GP
- MSK is lacking 40’HC
- Capacity is normal
- No weather disruption
Qingdao
- Port operations are currently normal
- Vessel waiting time is 2-3 days
- Equipment availability is normal
- Capacity is normal
- No weather disruption
Xiamen
- Port operations are currently normal
- Vessel waiting time is 1-2 days
- Equipment availability is normal
- Space is currently open
- No weather disruption
Vietnam
- Port operations are currently normal
- Vessel waiting time is 0-3 days
- Equipment availability is normal
- Capacity is normal
- No weather disruption
Market intel: EU
- ONE CEO Nixon bullish on ‘life after Hapag’ – with new solo services (Source: eeSea)
- CMA CGM resumes Red Sea transits on ‘case-by-case’ basis (Source: eeSea)
Market intel: Oceania
MSK will replace its AU port of call from Sydney to Melbourne from 02 Apr 2024 on its “Polaris” service and will increase from 2-3 x 1,800 - 2,800 teu ship; this needs 3 weeks to turn compared to the current 4 weeks’ time.
Polaris current rotation: Sydney - Auckland - Nelson - Timaru - Port Chalmers - Tauranga - Sydney
Polaris new rotation: Melbourne - Auckland - Nelson - Timaru - Port Chalmers – Melbourne
From the 26 Mar 2024: MSK will resume direct call at Sydney on their “OC1” service.
OC1 new rotation: Philadelphia, US - Charleston, US - Manzanillo, PA - Panama Rail service - Balboa, PA - Tauranga, NZ - Sydney, AU - Melbourne, AU - Port Chalmers, NZ - Tauranga, NZ - Balboa, PA - Panama Rail service - Manzanillo, PA - Philadelphia, US
(Source: Alphaliner)
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