Shanghai Port Update:
- Port operations are currently normal.
- Vessel waiting time is 3-12 days due to the typhoon impact
- No equipment availability issues noted; all container types are available.
- Weather disruptions caused by the Typhoon
- No capacity issues.
Yantian Port Update:
- Port operations are currently normal.
- Vessel waiting time is 1-2 days.
- Typhoon Meari brought slight impact to Yantian/Shekou/Dachan Bay operations in week 32 but bypassed Shenzhen City.
- Capacity is lower as demand continues to decline in Europe and the U.S.
- Sea-Intelligence has predicated the container market could be headed into a “downward spiral” with significant overcapacity once the current bottleneck issues are resolved. CTS data showed import volumes declined in June by 9% compared to the same month last year and export growth also saw negative growth for nine consecutive months. European import demand has been negative in 22 out of the last 30 months, with export demand negative for 16 consecutive months.
Ningbo Port Update:
- As per COVID rules, all drivers who arrange empty pick up and laden units require a Green code with a 48hrs Negative Nucleic Acid test before entering the terminal. Yiwu city is in lockdown from 11 August due to a break out of covid cases. Haulage service is not available in Yiwu city until recovery.
- Vessel waiting time is 3-6 days due to port congestion and impact of military exercise.
- No equipment availability issues noted; all container types are available.
- Weather disruption caused by the impact of Typhoon Hinnamor
- Capacity is quite tight, leading to vessel operation timelines changing on occasion.
Qingdao Port Update:
- Port operations are currently normal.
- The Covid situation in Qingdao is in control. Nucleic Acid testing required every 4 days is the new normal.
- Vessel waiting time is 1-2 days.
- Most shipping lines have sufficient equipment.
- No weather disruptions noted.
FEWB Rate and Capacity Update:
Oceania Rate and Capacity Update:
TP Rate and Capacity Update:
Blank Sailing Updates:
Market Intel: Australia
Market Intel: EU
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Felixstowe congestion casts bad omen for upcoming Liverpool strike
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(source: Port technology）
China-Europe rail rates falling, but port congestion is propping up demand
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(source: The loadstar)
Market Intel: USA
Update on USWC ILWU/PMA terminal labor negotiations:
- Security guards: ILWU Security guards that work in the majority of LA-LG terminals have voted to strike, but they have not implemented a strike or actually gone on strike and no date has been set for the strike. This specific union has been negotiating their contract for three years. The PMA will be submitting their newest proposal this week. The risk appears low for a strike.
- Port labor: Recently, ILWU port workers have not worked the semi-automated section of APM Terminals Pier 400, citing working conditions – which is a predictable negotiation tactic aimed at automation and similar to other incidents in west coast ports.
- The PMA has flagged this to ILWU President Willie Adams and U.S. Secretary Walsh as an example of not good faith bargaining and not working at ports while negotiations are
underway – a pledge both parties made to President Biden to keep supply chains moving since June 13, 2022. - 2M has had several vessels that were intending to call the semi-automated section easily move to our conventional terminal berth nearby or call at another terminal as an adhoc
contingency for this temporary situation. - APM Terminals is meeting with the PMA at a local LA level with ILWU leaders to continue good faith bargaining and constructive discussions. MSK expects the meetings to be helpful in addressing this temporary situation.
- Pier 400 is fortunate to operate both an automated terminal section and a conventional terminal section. This enables us to always have the unique capability of a backup berth and
container yard. The conventional yard has been open and working normally without incident. - (Source: MSK)
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