Week 41 Oceania Market Summary

• FAK rates for OCT are held firm per SEPT rate levels from all the main shipping lines Asia & ISC into Oceania destinations
• Equipment shortages spanning much of the Asia & ISC theatre continues to add further complexity to origin booking processes
• Ongoing blank sailings advertised from NE and SE Asia (including ISC) into Oceania destinations October-December
• Space remains a constant challenge from all North and South East Asia and Indian Sub-Continent origins into Oceania destinations. Advance bookings essential for planning and allocation purposes
• BAF increases in Q4 have been adjusted to NAC rate cards. Reminder NAC space is also an ongoing challenge – advance bookings essential for planning and allocation purposes
• Singapore / SE Asia transhipment hubs remain heavily congested, adversely impacting:
• Transit times to West Coast Australia destinations (including Fremantle and Adelaide destination ports serviced via Singapore / SE Asia T/S hubs)
• Reduced 1^st leg vessel allocations from SE Asia and ISC origins into Oceania destinations (Australia’s East and West Coast destinations, and New Zealand destinations)
• Average transit delays through Singapore etal continue to track at 3-4wks delay
• Equipment shortages spanning much of the Asia & ISC theatre continues to add further complexity to origin booking processes
• Ongoing blank sailings advertised from NE and SE Asia (including ISC) into Oceania destinations October-December

The Maritime Union of Australia (MUA) has announced further industrial action at Patrick Terminals – Sydney AutoStrad this week. Patrick Terminals have, however, confirmed that the MUA has withdrawn all industrial action at the Melbourne terminal until further notice.

Should you have any questions relating to specific bookings, please don’t hesitate to get in touch.