Weekly Ocean Operations Update: Asia to Europe, US and Australia 02/08/24

General overview: The situation in the Indian Subcontinent (ISC) and Bangladesh (BD) regions remans challenging, with port congestion and equipment shortages. We continue to monitor the recent disruption in BD closely. While curfews were relaxed this week and the situation appears to be improving, Chittagong port is still facing congestion due to last week’s shutdown. Please see our latest update here.

Elsewhere, delays are anticipated due to adverse weather conditions in the Cape of Good Hope.

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. We will continue to update you on the known implications of the Gemini alliance between Maersk and Hapag-Lloyd as soon as we know more.

Overview by trade lane

FEWB summary:

Rate and capacity update as of August 2, 2024:

Oceania summary:

Rate and capacity update as of August 2, 2024:

Transpacific summary:

Rate and capacity update as of August 2, 2024:

Equipment update by carrier

Correct at time of publication on August 2, 2024:

Click here to download equipment spreadsheet

Asia port updates

Click here to access the latest information on the situation on BD

Market intel: EU

• EU blank sailing ex Far East – click here
• EU blank sailing ex ISC – click here
• Both ONE and HMM each will have an extra loaders in August (Source: ONE / HMM)

 Market intel: Oceania

• Australia blank sailing – click here
• MSC reshuffles Asia – Oceania network. Kiwi & Capricorn service will be suspended after 20 Aug 2024. Wallaby service will be launched on 19 Aug ex Hong Kong. Port rotation : Hong Kong – Yantian – Xiamen – Shanghai – Ningbo – Sydney – Melbourne – Auckland – Bluff – Lyttelton – Wellington – Napier – Tauranga – Melbourne – Brisbane - Hong Kong. (Source: MSC)

Market intel: USA

• TP blank sailing – click here
• Canada Jasper wildfires disrupt rail service, cause delays in Canada. Alberta, Canada - Forest fires are currently devastating large areas of Jasper, Alberta, displacing families and causing extensive damage. As a result, CN Rail has suspended all rail operations through Jasper, a key location on their mainline. This has led to delays of over 72 hours for traffic to and from Vancouver and Prince Rupert. CN Rail is in the process of safely restarting operations through Jasper, Alberta. Expect delays over the next several days. Currently, the CN rail network is running at 30% capacity. Currently, all container Terminals in Vancouver and Prince Rupert are open and operating. Mainly impact to the IPI cargoes to inland. (Sources: CBC / HPL)
• Tacoma Rail Car supply is in severe deficit causing higher import rail dwell times. Potential relief expected for early to mid-August. Import rail dwell are 6.0 days at Husky, 6.7 days at Washington United Terminal and 1-3 days at T18. Washington United Terminal is limiting their operations to a maximum of 3 gangs on vessels and 1 berth operation until further notice due to lack of rail cars to evacuate Imports. They are also delaying startup operations on vessels for the same reason. Husky terminal is experiencing labor fill shortages which will negatively impact terminal operations. No impact for Seattle port. (Source: HPL)