Weekly Ocean Operations Update: Asia to Europe, US and Australia 22/11/24

General overview: The weekly normal shipping capacity for North Europe is approximately 330,000 TEUs. However, in the first half of December, capacity has been reduced by 20–22%. Significant blank sailings are expected in Weeks 50 and 51, primarily due to THE Alliance managing the new Gemini routing.

Despite these cuts, an additional loader vessel, operated by ONE and with a smaller capacity of around 2,800 TEUs, is scheduled for Week 50 to accommodate the anticipated peak volumes associated with the Chinese New Year (CNY) cargo rush.

The Mediterranean’s weekly normal shipping capacity is about 189,000 TEUs. Currently, there is no confirmed information regarding blank sailings in December.

The market for Indian Subcontinent exports (excluding Bangladesh) is currently slower, with spot market rates slightly decreasing. However, rates for shipments out of Bangladesh are relatively strong, and equipment stock availability is improving significantly.

In Pakistan, the government has announced plans to partially suspend internet and mobile services in Islamabad, Khyber Pakhtunkhwa, and Punjab, alongside deploying heavy security and road blockades, to counter the PTI protest scheduled for November 24. These measures could possibly disrupt supply chains due to limited communication, slowed logistics, and hindered movement in affected regions.

Following the resolution of the Canada port strike, operations at Vancouver, Prince Rupert and Montreal have fully resumed. As of November 15 and 16, terminals are operating smoothly with strong productivity, though the situation remains under close monitoring.

Thanksgiving on November 28, 2024, may cause some disruption to shipping schedules in the United States.

Overview by trade lane

FEWB summary:

Rate and capacity update as of November 22, 2024:

Oceania summary:

Rate and capacity update as of November 22, 2024:

Transpacific summary:

Rate and capacity update as of November 22, 2024:

Equipment update

Correct at time of publication on November 22, 2024:

Click here to download equipment spreadsheet

Asia port updates

Market intel: Europe

• The Gemini Cooperation, led by Maersk and Hapag-Lloyd, has announced a strategic shift in its Asia-Europe routes ahead of its formal launch. Effective from Q1 2025 when the first Gemini vessels arrive, the network will drop Felixstowe as a port of call on its Asia-North Europe services, replacing it with London Gateway. Read more here.
• Hapag-Lloyd updates Far East - Europe loop as slot deal with CMA CGM ends. Hapag-Lloyd will in January 2025 add calls at Yangshan (Shanghai), Southampton and Rotterdam to the rotation of its Far East – West-Africa – North Europe ‘China Germany Express’ service (‘CGX’). This will go at the expense of current calls at Antwerp. (Source: Alphaliner)

Market intel: Oceania

Terminal and port update

(Source: ANL)

Market intel: Americas

Canada Port Strike Update

Ports Affected: Vancouver, Prince Rupert, Montreal

Vancouver/Prince Rupert

• Updated: November 19, 2024
• All marine terminal operations in Vancouver and Prince Rupert have resumed as of November 15, 2024, at 01:00 HRS.
• Operations are fluid, and we are observing strong productivity at the terminals.

Montreal

• Updated: November 19, 2024
• All operations in Montreal have resumed as of November 16, 2024, at 07:00 HRS.
• Operations are fluid, and we are observing strong productivity at the terminals.

(Source: Hapag-Lloyd)