Weekly Ocean Operations Update: Asia to Europe, US and Australia 22/03/24

Overview by trade lane

FEWB summary:

Rate and capacity update as of March 22, 2024:

Oceania summary:

Rate and capacity update as of March 22, 2024:

Transpacific summary:

Rate and capacity update as of March 22, 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
• One of the carriers is currently reporting shortages of all sizes of equipment
• Capacity is normal
• No weather disruption

Tianjin

• Port operations are currently normal
• Vessel waiting time is 2-3 days
• Some carriers are reporting 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
• Capacity is tight
• 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

• The CMA CGM Group, COSCO Shipping, Evergreen and OOCL launch OCEAN Alliance "DAY 8 Product” starting in April 2024. This comprises 6 services between Asia and Northern Europe and 4 services between Asia and the Mediterranean. (Source: CMA CGM)
• COSCO SHIPPING Lines and its sister company OOCL will end their joint Far East – Europe ‘AEU7’ / ‘LL3’ service next month and shift some of the loop’s ‘megamax’ vessels to a joint Asia – Med service operated by COSCO (‘AEM1’) and Evergreen (‘MD2’).  (Source: Alphaliner)

Market intel: Oceania

Pacifica shipping is in the process of reshuffling its New Zealand coastal service NZ1 & NZ2, Marsden Point was removed to NZ1 service. Details as follows:

NZ1 service

• Vessel Deployed : 1X1,700 teu
• Port Rotation : Auckland – Lyttleton (Christchurch) – Timaru (Fortnightly calls) – Auckland
• Frequency : weekly
• Effective from 1 Mar 2024

NZ2 service

• Vessel Deployed : 1X1,400 teu
• Port Rotation : Tauranga – Auckland - Lyttleton (Christchurch) – Marsden Point – Tauranga
• Frequency : weekly
• Effective from 1 Apr 2024

(Source: Alphaliner)

Market intel: USA

THE Alliance has annouced it has reinstated its PN3 and EC4 services from mid-April:

• PN3 : HKG -> YTN -> SHA -> PUS -> VAN -> TIW
• EC4 : KHH -> XMN -> HKG -> YTN -> CMP -> SIN -> ORF -> SAV -> SAV -> CHS -> NYC

(Source: THE Alliance)