Weekly Ocean Operations Update: Asia to Europe, US and Australia 26/07/24

General overview: The situation in the Indian Subcontinent (ISC) and Bangladesh (BD) regions is notably challenging, exacerbated by port congestion and equipment shortages. Please see our latest update on the situation in Bangladesh, where curfews have been in place this week.

In Week 32, there was an original capacity cut of approximately 30%. However, an ad hoc vessel was introduced, mitigating the reduction and bringing the effective capacity reduction down to around 19%. Throughout August, the average capacity reduction is 17-19%. In Week 33, additional capacity is being supplied by CMA and Cosco, with an extra loader replacing the original planned blank sailing.

Looking ahead to August, September and October, significant capacity reductions of around 30% are anticipated for THE Alliance (including Hapag-Lloyd) due to the separation of this alliance and preparations for the Gemini network. In the meantime, the China Global Express (CGX) service will continue operating until Week 48 to facilitate the transitional period.

Overview by trade lane

FEWB summary:

Rate and capacity update as of July 26, 2024:

Oceania summary:

Rate and capacity update as of July 26, 2024:

Transpacific summary:

Rate and capacity update as of July 26, 2024:

Equipment update by carrier

Correct at time of publication on July 26, 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
• Hapag-Lloyd changes rotation of SE India-Europe loop. The revised full rotation includes calls at Rotterdam, London Gateway, Hamburg, Antwerp (PSA), Colombo, Kattupalli, Colombo, Cochin, Valencia, Rotterdam. (Source: Alphaliner)
• MSK confirmed 2 extra-loader deployed in Aug ex NGB/SHA to EU (POD: RTM/FXT/GDK). The vessel is 4500-5500 teus capacity .
•  OOCL / COSCO will have 1 extra-loader COSCO HOPE deployed in mid-Aug, port rotation: SHA-NGB-YTN-ANR-RTM-HAM-SOU.

Market intel: Oceania

• Australia blank sailing – click here
• TRANZTAS service will revise their rotations calling LYT prior to POE, effective from CMA CGM SEMARANG 2413
  • TRANZTAS service current port rotation: SYD – MEL – AKL – POE – LYT – NSN – NPE – TRG – SYD
  • TRANZTAS service new port rotation: SYD – MEL – AKL – LYT – POE – NSN – NPE – TRG – SYD
• ANZ Shuttle service by phasing in the ANL Kiwi Trader in Brisbane in early September 2024, which will replace the Contship Win and offer a weekly call from Brisbane to Auckland
  • ANL Tasman Trader new port rotation: Brisbane – Noumea – Auckland – Tauranga – Brisbane
  • ANL Kiwi Trader new port rotation: Brisbane – Noumea – Auckland – Tauranga – Brisbane

(Source: ANL)

Market intel: USA

• TP blank sailing – click here
• HMM boosts capacity on PSX service amid surging exports to USWC. HMM has increased the capacity on its Pacific Southwest Express (PSX) transpacific service since volumes from South Korea’s Incheon Port to the US west coast surged. South Korea’s flagship carrier has now deployed seven 13,000-14,000 teu ships to the service, starting with newbuild HMM Emerald, which departed Incheon last week, with 3,451 teu loaded, replacing seven vessels ranging from 8,566 teu to 11,100 teu. (Source: HMM)
• MSC will relaunch the Asia-US East Coast Liberty service from 8 August 2024. According to MSC, Liberty aims to provide extra capacity for the continued healthy demand in the transpacific market and competitive transit times onto the US East Coast. Transit time is 40 days from Singapore to Philadelphia. The first sailing will be vessel MSC HOUSTON V with 4,432 teus, voyage number QO432A, ETA Singapore 8 August. The full rotation is as follows: Singapore – Shanghai – Busan – Miami – Savannah – Charleston – Philadelphia – New York. (Source: MSC)