Asia Weekly Operations Update 14/10/22

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 equipment issues
• No weather disruptions
• No capacity issues

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 2-3 days due to port congestion 
• No equipment issues
• 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 around 1 day
• No equipment issues
• No weather disruptions
• No capacity issues

FEWB Rate and Capacity Update:

Oceania Rate and Capacity Update:

TP Rate and Capacity Update:

Blank Sailing Updates:

• Australia
• EU
• USA

Market Intel: EU

• Hapag-Lloyd extends ‘CGX’ to Shanghai and Antwerp (source: Alphaliner)

• CMA CGM to start the new winter version of EUROMAR, a service linking Morocco & North Europe  (source: eeSea)

• Maersk and MSC cull Asia-North Europe capacity as bookings founder (source : The Loadstar)

Market Intel: USA

• The Port of Houston is considering a fee on long-dwelling containers to clear the backlog of imports congesting marine terminals.

  Yard utilization at Houston’s Bayport terminal has jumped from 50% at the end of March to 87% as of mid-August, according to Port Houston terminal operating statistics. While overall container volumes were up 17% year-to-date through August, Asian imports into Houston are up 37%, according to data from PIERS. Meanwhile, the port is still dealing with a high number of ships at anchor waiting for space to open at the yard to discharge imports.

  The long-dwell fee would be in addition to the regular demurrage charges the port imposes for imports that dwell past their free time at Houston’s two marine terminals. Port Houston has not yet provided details about the amount of the fee, how it would be assessed, or when a decision on its implementation would be made.

  Source: Journal of Commerce