Weekly Ocean Operations Update: Asia to Europe, US and Australia 15/03/24

Overview by trade lane

FEWB summary:

Rate and capacity update as of March 15, 2024:

Oceania summary:

Rate and capacity update as of March 15, 2024:

Transpacific summary:

Rate and capacity update as of March 15, 2024:

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 normal
• No weather disruption

Ningbo

• Port operations are currently normal
• Vessel waiting time is 2-4 days
• Some carriers are experiencing a shortage of 40’GP
• Capacity is normal
• No weather disruption

Tianjin

• Port operations are currently normal
• Vessel waiting time is 2-3 days
• Some carriers are experiencing shortages of 20’GP, 40’GP and 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

• Hapag-Lloyd has taken delivery of the 23,664 teu BUSAN EXPRESS, the fourth of twelve LNG-powered ‘megamax’ vessels,the vessel positioned to Ningbo, where it joined Hapag-Lloyd’s Asia - Europe service ‘FE3’. (Source: Alphaliner)
• MSC launches more services as new markets emerge in India (source: eeSea)

Market intel: Oceania

ANL partners OOCL and COSCO on Singapore – Western Australia route: Effective from the sailing of the 3,338 teu SINGAPORE on 28 February from Port Kelang, the joint Singapore – Western Australia service turns in three weeks with 3 x 1,800 – 3,400 teu vessels, calling at Singapore, Fremantle, Port Kelang, Singapore

3 x vessels fleet :

OOCL / AWX service – 3338 teu SINGAPORE

COSCO / ASAX service – 3398 teu EXPRESS BLACK SEA

ANL / AAX-W service – 1809 teu GREEN ACE

Rotation : Port Klang-Singapore-Fremantle

(Source: Alphaliner)

Market intel: US

ONE has announced a new WIN Service connecting West India and North America, starting from early May 24. (Source: ONE)