Asia Weekly Operations Update 23/09/22

Shanghai Port Update: 

• Port operations are currently normal
• Vessel waiting time is 0-4 days due to port congestion
• No equipment availability issues noted; all container types are available.
• No weather disruptions
• No capacity issues

Yantian Port Update: 

• Port operations are currently normal.
• Vessel waiting time is 1-2 days
• No weather disruptions.
• Capacity is normal. September is usually the peak season before the National Holiday, but the EU energy crisis has heavily reduced Europe’s consumption and production, weakening demand for transportation capacity in, through and out of the region. However, blank sailings in October may give freight a bit of a push

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
• Vessel waiting time is 3-5 days due to port congestion 
• No equipment availability issues noted; all container types are available
• No weather disruptions
• Capacity is quite tight, leading to vessel operation timelines changing on occasion. 

Qingdao Port Update: 

• Port operations are currently normal
• Vessel waiting time is less than 1 day, as normal
• Most shipping lines have sufficient equipment
• No weather disruptions

FEWB Rate and Capacity Update:

Oceania Rate and Capacity Update:

TP Rate and Capacity Update:

Blank Sailing Updates:

• Australia
• EU
• USA

Market Intel: Australia

Market Intel: EU

• Suez Canal to increase tolls 15% in 2023   (source: Alphaliner)

• COSCO mulls major fleet expansion program. The carrier is talking for a series of six methanol dual-fuel megamax ships of 23,000 teu, as well as nine methanol-ready 15,000 teu neo-panamax ships with conventional propulsion. Group affiliate OOCL meanwhile has a pipeline of twelve 23,000 teu megamaxes and ten 16,000 teu neo-panamaxes for delivery from 2023 through 2026.  (source: Alphaliner)

Market Intel: USA

• Prompted by slowing demand, the US-based operator Matson this month ended its China-California Express CCX. Matson had launched this loop in July of 2021 to meet booming cargo demand on the Tanspacific trade lane.
  
  Matson initially announced the CCX as a temporary third China to US West Coast link – adding to the carriers CLX and CLX+ services. The new offer was meant to offer a ‘temporary expedited” transport solution for customers in Oakland and Southern California during a period of major service disruptions and a massive vessel delays on the USWC.
  
  The last CCX sailing was offered on 9th Sep from Shanghai with the 2,890TEU MANUKAI, which arrived at Long Beach on 20th Sep to discharge her cargo from Asia.

  (Source: Alphaliner)