Weekly Ocean Operations Update: Asia to Europe, US and Australia 12/04/24

Overview by trade lane

FEWB summary:

Rate and capacity update as of April 12, 2024:

Oceania summary:

Rate and capacity update as of April 12, 2024:

Transpacific summary:

Rate and capacity update as of April 12, 2024:

Asia port updates

Shanghai

• Vessel waiting time has reduced in comparison to last week but is currently still ranging from 0-5 days – this is due to congestion at the port
• Some carriers only have limited stocks of 40’GP and 40’HC; instead of picking these up at Shanghai, they are picking them up at the depot in Taicang
• Capacity is normal
• No weather disruption

Yantian

• Port operations are currently normal
• Vessel waiting time is normal
• Some carriers have a shortage of 40’GP and 40’HC
• Capacity is normal
• Weather has returned to normal following storms and strong winds last week

Ningbo

• Port operations are currently normal
• Vessel waiting time is 2-4 days
• Some carriers are experiencing shortages of all types of equipment, but especially 40’GP and 40’HQ
• 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
• There are currently ATD / ATA delays due to disruption in the Red Sea
• Schedule reliability has decreased

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

• CMA CGM has announce that it is restarting services from Thessaloniki to Sofia. (Source: CMA CGM)
• Red Sea update: More ships attacked as Houthis claim danger area “expanding” into the Arabian Sea. (Source: The Loadstar)

Market intel: Oceania

Maersk is to resume its OC1 Oceania-North America east coast string as an all-water service through the Panama Canal, effective May 10th, 2024

OC1 new rotation (single loop):

Philadelphia > Charleston > Panama Canal > Balboa > Tauranga > Sydney > Melbourne > Port Chalmers > Tauranga > Panama Canal > Manzanillo > Cristobal > Cartagena

(Source: MSK)

Market intel: USA

• THEA will postpone the resumption via Suez for EC4 service, until the situation of Red Sea stabilised. Tonnage scheduled will re-assign to EC1/EC2/EC5 with additional call ports (Source: ONE)
• WIN (West India North America Express) service will launch from May with first sailing offered on 10 May from Port Qasim including 11 vessels from 6350-7164 teus (Source: ONE)