Asia Weekly Operations Update 30/09/22

Shanghai Port Update: 

• Port operations are currently normal
• Vessel waiting time is 2-10 days due to Golden Week
• 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 
• EMC and HMM are experiencing shortages of 40'HQ
• 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 1-2 days due to rain and Golden Week
• No equipment availability issues
• Heavy rain is expected from 1 October to 4 October

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

• HMM and CEVA Logistics ink multi-year cooperation deal (source: Alphaliner)

• China’s Cosco Group and Alibaba logistics unit Cainiao have begun working together on the end-to-end intercontinental fulfilment of merchandise sold by Alibaba merchants to European consumers.(source: The Loadstar)

Market Intel: USA

• Trade slump causes more service closures on the Pacific: Following Matson’s decision to close its China-California Express CCX’ service, the Chinese carriers CULines and Shanghai Jin Jiang Shipping, as well as CMA CGM, are now cutting their exposure on the trade too. (CULines and Shanghai Jin Jiang are closing their jointly operated Trans Pacific Express ‘TPX’ service which was calling at Qingdao, Ningbo, Shanghai, Los Angeles, Qingdao)

  Meanwhile CMA CGM is believed to be closing its Asia-USWC ‘Golden Gate Bridge’ service which was calling at Kaohsiung, Shekou,Shanghai, Busan, Oakland, Seattle, Busan, Kaohsiung, using a fleet of up to seven vessels of 5,000-11,000 teu.

  (Source: Alphaliner)