Weekly Ocean Operations Update: Asia to Europe, US and Australia 19/04/24

Overview by trade lane

FEWB summary:

Rate and capacity update as of April 19, 2024:

Oceania summary:

Rate and capacity update as of April 19, 2024:

Transpacific summary:

Rate and capacity update as of April 19, 2024:

Asia port updates

Shanghai

• Vessel waiting time is still ranging from 0-5 days due to congestion at the port
• Equipment availability has returned to normal
• Capacity is normal
• No weather disruption

Yantian

• Port operations are currently normal
• Vessel waiting time is 0-1 day
• Some carriers have a shortage of 40’GP; 40’HC availability has returned to normal after a shortage last week
• Capacity is normal
• No weather disruption

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 are experiencing 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
• Some carriers are experiencing shortages of 40’HC this week
• 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 quite tight
• There are currently ATD / ATA delays due to disruption in the Red Sea
• Schedule reliability has decreased because of longer transit times

Vietnam

• Port operations are currently normal
• Vessel waiting time is 0-3 days
• HPL is experiencing a shortage of equipment in HCM area; there is a 24-hour wait for equipment or the possibility of pickup at VUT
• MSC is lacking 40’GP but using 40’HC as a substitute
• Capacity is normal
• No weather disruption

Market intel: EU

• With heightened geopolitical tensions sparked by the Iran-Israel faceoff, Indian exporters are again staring at freight costs soaring even higher and new cargo flow disruptions, after recently enjoying some respite from the Red Sea shipping crisis. The capture of the MSC Aries by Iranian forces last weekend has escalated what had already become a major, nagging supply chain concern for the industry. (Source: The Loadstar)
• Due to launch of Ocean Alliance’s Day 8 product and service slide down in April, as well as blank sailing in May, space is very tight with rolling availability in April and potentially extended into May.

Market intel: Oceania

Terminal and port update

(Source: ANL)

Market intel: USA

Alternative channels going into port of Baltimore have opened, but only allow small-sized vessels.

Cleanup work is still progressing and it’s expected this will last at least until the end of May 2024.

Cargo going into Baltimore currently need to be via New York / Norfolk / Philadelphia via Road / Rail mode. (Source: Shipping Watch)