Weekly Ocean Operations Update: Asia to Europe, US and Australia 02/12/22

Shanghai Port Update:

• Port operations are currently normal
• Vessel waiting time is 0-2 days
• 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 0.5-1 days 
• 40HC NOR / 45’HC shortage
• No weather disruptions.
• Chinese container ports have achieved a 4% container volume growth during the first nine months of the year, compared with the same period in 2021.
  China's box ports have handled 219.3 million TEUs from January to September 2022. The Ports of Shanghai, Ningbo & Zhoushan and Shenzhen remain the busiest container hubs of China with 35 million TEUs, 26 million TEUs and 22 million TEUs, respectively.

Ningbo Port Update:

• Ningbo Beilun resume operation as normal, per COVID preventive rule, all drivers who arrange empty pick up and laden units require Green code with 48 hrs Negative Nucleic Acid test before enter the terminal.
• Vessel waiting time is 1-2 days 
• No equipment issues
• No weather disruptions
• Capacity is tight

Qingdao Port Update:

• Port operations are currently normal
• Vessel waiting time is around 1-2 days due to bad weather
• No equipment issues
• No weather disruptions
• No capacity issues

Xiamen Port Update:

• Port operations are currently normal
• Vessel waiting time is within 24 hours
• 20GP/40GP/40HQ open, others confirm case by case
• 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

• A.P. Moller - Maersk and IBM to discontinue TradeLens, a blockchain-enabled global trade platform （source: Maersk）

• Carriers are pushing for a new round of general rate increases in 2H December, but they are unlikely to succeed if surplus capacity is not removed.

Market Intel: Oceania

• GSL announced temporary suspension on their C3A service from Dec 2022.

• Current GSL’s C2A service (Current Route: PKL -> LCB -> HCM -> NSA -> YTN -> SYD -> MEL -> BNE) will be rename as TFX service, and new rotation will change to HCM -> LCB -> PKL -> SYD -> MEL -> FRE, and this will be SE Asia focus.

• With the new TFX service, GSL can provide direct call service from SE Asia to FRE, and this will commerce the 3rd week of Dec.

• Current CAX will be removing Haiphong, and will be China focus as new rotation (SHA -> NBO -> XMN -> NSA -> YTN -> BNE -> SYD -> MEL)

  (Source: GSL)

Market Intel: USA

COSCO closes China – Prince Rupert loop “CENX”
COSCO is winding down its standalone China – WCNA CENX service which was launched in Oct 2021 as a direct Transpacific BCO Express Line between China and the Canadian Pacific Northwest.

The five classic panamax vessels of 4,250TEUs will be transferred to the OCEAN Alliance PNW2 service.

Qingdao to Prince Rupert port pair formerly offered by the CENX will be features on the COSCO-operated OCEAN Alliance loop PSW2.

(Source: Alphaliner)