Weekly Ocean Operations Update: Asia to Europe, US and Australia 05/04/24

Overview by trade lane

FEWB summary:

Rate and capacity update as of April 5, 2024:

Oceania summary:

Rate and capacity update as of April 5, 2024:

Transpacific summary:

Rate and capacity update as of April 5, 2024:

Asia port updates

Shanghai

• Vessel waiting time is currently ranging from 0-7 days – this is due to congestion at the port
• Equipment availability is normal
• Capacity is normal
• No weather disruption

Yantian

• Port operations are currently normal
• Vessel waiting time is normal
• Some carriers are have a shortage of 40’GP
• Capacity is normal
• Weather is currently unstable with thunderstorms and strong winds

Ningbo

• Port operations are currently normal
• Vessel waiting time is 2-4 days
• Some carriers are experiencing shortages of all types of equipment
• Capacity is normal
• No weather disruption

Tianjin

• Port operations are currently normal
• Vessel waiting time is 2-3 days
• Some carriers have a shortage 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
• Carriers are tightening space on low rate contracts in order to maintain rate levels
• There are currently ATD / ATA delays due to disruption in the Red Sea

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

• Danish shipping giant Maersk says it will continue to divert its containerships around the Cape of Good Hope due to the continued risk of Houthi attacks in the Red Sea. (Source: gCaptain)

Market intel: Oceania

Terminal and port update

Source: ANL

Market intel: USA

• USEC space open with EC4 service under THEA reinstate from April (Source : ONE)
• Maersk re-launch TP20 service (Source: MSK)
• ONE and Yang Ming updated TP product overview wef Feb 2025 (Source : ONE)