Weekly Ocean Operations Update: Asia to Europe, US and Australia 05/07/24

General overview: In July, the shipping market continues to be extremely strong with all sailings fully booked at this point. Capacity reduction is still around 20%, though there are notable additions to capacity upcoming, including the MSC Britannia service, HPL CGX, and an upcoming Cosco vessel.

While bookings for July remain strong, there is a noticeable trend where rate increases are less pronounced compared to June.

Overview by trade lane

FEWB summary:

Rate and capacity update as of July 5, 2024:

Oceania summary:

Rate and capacity update as of July 5, 2024:

Transpacific summary:

Rate and capacity update as of July 5, 2024:

Equipment update by carrier

Correct at time of publication on July 5, 2024:

Click here to download equipment spreadsheet

Asia port updates

Market intel: EU

• EU blank sailing ex Far East – click here
• EU blank sailing ex ISC – click here
• OOCL DENMARK (24,188 teu) will soon phase into the OCEAN Alliance Far East - North Europe service ‘NEU1’, which OOCL refers to as the ‘LL1’. From 2026 to 2028, OOCL and its sister company COSCO SHIPPING Lines will receive another twelve 24,000 teu ‘megamaxes’ from NACKS (7 x OOCL) and DACKS (5 x COSCO). (Source: Alphaliner)
• Extra ships on Asia-Europe have little effect on weekly capacity.（Source:Alphaliner)
• Port rotation of MSC Britannia will be amended to make Hamburg its second port call in Europe. This will result in the following rotation: Shanghai – Ningbo – Yantian – Vung Tau – Liverpool – Rotterdam – Hamburg – Antwerp – London Gateway – Singapore  （Source:eeSea)

Market intel: Oceania

• Australia blank sailing – click here

Terminal and port update

(Source: ANL)

Market intel: USA

• TP blank sailing – click here
• The Canadian National Railway (CN) and Canadian Pacific Kansas City Limited (CPKC) have voted to reauthorize a strike. Nearly 99% of workers voted in favor of reauthorization, the vote gives the TCRC the authority to call for one within the next 60 days if ongoing labor negotiations with CN and CPKC fall through. (Sources: CBC)
• TS Lines sails back into the transpacific trade, boosting SeaLead relaunch. TS Lines will join SeaLead Shipping’s relaunched Asia-US West Coast (AWC) service, marking its comeback to long-haul trades. TS Lines would assign its two 2,900 teu vessels. The AWC service port rotation: Nansha, Ningbo, Shanghai, Qingdao, Busan, Long Beach, Nansha and back to Shanghai. (Source: TS Line)