General overview: On the FEWB trade lane, sailings are very full for the remainder of 1H October with rolling cargoes due to blank sailings. Following the return from the China holiday period, there has been a noticeable increase in bookings from North China.
In Bangladesh, Chittagong Port operations are running normally with no congestion. At the Container Freight Station (CFS), export volume has decreased compared to the past few weeks. Inland Container Depot (ICD) operations in the container yard are proceeding quite normally. There is no significant shortage of empty containers at present.
In the USA, the International Longshoremen's Association (ILA) agreed to suspend its strike while negotiations continue. Members of the union walked out on Tuesday 1 October at 14 major ports along the East and Gulf coasts. Negotiations will resume in January 2025.
Following Hurricane Milton’s landfall on Florida’s Gulf Coast and its subsequent restrengthening in the Atlantic, the U.S. Coast Guard, in coordination with NOAA, the U.S. Army Corps of Engineers, and other partners, has reopened several commercial ports. Please see USA Market Intel section below for full details (correct at time of press release on 10 October). We continue to monitor the situation closely.
Overview by trade lane
FEWB summary:
Rate and capacity update as of October 11, 2024:
Oceania summary:
Rate and capacity update as of October 11, 2024:
Transpacific summary:
Rate and capacity update as of October 11, 2024:
Equipment update by carrier
Correct at time of publication on October 11, 2024:
Click here to download equipment spreadsheet
Asia port updates
Market intel: Europe
- MSC has said that with the European Union (EU) FuelEU Maritime Regulation coming into effect from 1 January 2025, customers will contribute to the additional cost of complying with FuelEU Maritime across the supply chain as they do for other forms of regulation such as IMO 2020 and EU ETS. This will result in an additional emissions surcharge. (Source: MSC)
- After thorough consideration, and given the continued safety concerns in the Red Sea, Hapag-Lloyd AG (Hapag-Lloyd) and Maersk A/S (Maersk) confirm that they expect to phase in their Cape of Good Hope network for the commencement of the Gemini Cooperation on 1 February 2025. (Source: Maersk)
Market intel: Oceania
Maersk will replace Savannah with Charleston Wando terminal on OC1 service
First Sailing calling at Charleston: MAERSK WILLEMSTADT 443S, ETA Charleston 25th Oct 2024
New Rotation: Philadelphia > Charleston > Panama Canal > Balboa > Tauranga > Sydney > Melbourne > Port Chalmers > Tauranga > Panama Canal > Manzanillo > Cartagena > Philadelphia
Market intel: USA
Looming 'indefinite' strike set for the Port of Montreal as tensions rise
Labour tensions are rising at the Port of Montreal in the countdown to an “indefinite strike”, while carriers push to hike rates on the transatlantic.
The Port of Montreal Longshoremen’s Union has issued an overtime strike notice to begin at 7am on 10 October, set to last indefinitely. This follows a three-day strike that halted operations at two of the busy Canadian seaport’s terminals last week.
(Source: The Loadstar)
U.S. Coast Guard Press Release - October 10
Following Hurricane Milton’s landfall on Florida’s Gulf Coast and its subsequent restrengthening in the Atlantic, the U.S. Coast Guard, in coordination with NOAA, the U.S. Army Corps of Engineers, and other partners, has reopened several commercial ports.
Ports reopened:
- Florida: Key West, Port Everglades, Port Miami, Miami River
- Georgia: Brunswick, Savannah
- South Carolina: Charleston, Georgetown
Port Tampa and Seaport Manatee have reopened with restrictions:
- No vessel movements requiring federal pilotage (U.S. vessels over 1,600 gross tons and U.S. petroleum barges over 10,000 gross tons).
- Vessel movements limited to daylight hours with at least 3 nm visibility.
- Intra-port vessel movements (e.g., berth shifts) are unrestricted.
Ports still closed, pending further evaluation:
- Florida: St. Petersburg, Fort Myers, Port of Palm Beach, Fort Pierce, Port Canaveral, Jacksonville, Fernandina
Assessment of damage and recovery efforts are ongoing.
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