Weekly Ocean Operations Update: Asia to Europe, US and Australia 13/12/24

General overview: The weekly normal capacity for the FEWB trade lane to North Europe is approximately 330,000 TEUs. For the second half of December, capacity has been reduced by 11%. 

The Mediterranean’s weekly normal shipping capacity is about 189,000 TEUs. Currently, December blank sailings mean a capacity reduction of around 8-10%. 

December volume is stronger than November, but the rush for Chinese New Year has not yet begun. The Mediterranean trade is doing better than North Europe, with volumes picking up. The real booking surge for Chinese New Year is expected in the last two weeks before the holiday, which begins on Wednesday 29 January, 2025.

More capacity has been added to North Europe, with extra loaders, but vessels are still full, and some cargoes are being rolled due to limited space.

The TPEB (Transpacific Eastbound) trade line is currently experiencing tight space availability across all regions. For PSW (Pacific Southwest), space is limited and rolling, with carriers beginning to restrict space allocations for all customers. Similarly, in the PNW (Pacific Northwest) region, space is tight and rolling, due to limited capacity and blank sailings, which have further reduced availability.

The potential nationwide strike by dockworkers' unions across India's major government-owned ports, that was due to start on December 17, has been averted after successful negotiations.

Overview by trade lane

FEWB summary:

Rate and capacity update as of December 13, 2024:

Oceania summary:

Rate and capacity update as of December 13, 2024:

Transpacific summary:

Rate and capacity update as of December 13, 2024:

Asia port updates

Market intel: Europe

• Premier Alliance to launch ISC-North Europe service (Source: Alphaliner)
• Premier Alliance Schedule Details Continue to Emerge Despite FMC Investigation (Source: eeSea)
• Hapag Lloyd will suspend FE9 from Jan, 2025 and withdraw CGX from Feb,2025.  (Source: Hapag Lloyd) 

Market intel: Oceania

• MSC announced a new direct call to Adelaide on its KOALA service
• New rotation : Shanghai – Hong Kong – Jakarta – Fremantle – Adelaide – Shanghai
• First calling : MSC SIJING FP451A, ETD Shanghai on 18 December 2024

(Source: MSC)

Market intel: Americas

ONE and Wan Hai updated service network Feb 2025

• ONE and Wan Hai will exchange slots on 2 Far East-US West Coast services (PS6&AP1) that each carrier operates from 1 February 2025. 
• PS6 - ONE will provide to Wan Hai 1,700 TEU per week on the PS6 service that it operates under the Premier Alliance agreement. Wan Hai’s PS6 slots will cover only Shanghai, Ningbo, Long Beach, Oakland.
• AP1 - Wan Hai will adjust its existing AP1 service to a new rotation of Haiphong - Cai Mep - Shekou -Xiamen - Taipei - Los Angeles - Oakland - Shekou - Haiphong, reducing transit times from Vietnam, South China, and Taiwan to the US west coast.

(Source: Wanhai)

USEC port strike Jan 15, 2025

• President-elect Donald Trump on Thursday sided with union longshore workers in their standoff with employers over the deployment of port automation technology.
• The ILA and the United States Maritime Alliance (USMX) employer group are facing a Jan. 15 deadline to finalize talks, which stalled over automation. That cutoff comes just five days before Trump's inauguration.

(Source: Reuters )

Equipment update by carrier

Correct at time of publication on December 13, 2024. Please find attached below.