Weekly Ocean Operations Update: Asia to Europe, US and Australia 09/12/22

Shanghai Port Update:

• Port operations are currently normal
• Vessel waiting time is 1-2 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 1 day
• 40HC NOR / 45’HC shortage; others sufficient
• No weather disruptions.
• Volumes leading up to Chinese Lunar New Year are not expected to be at the usual levels, but as carriers are implementing blank sailings in Dec, space is rather tight for 2H of Dec and 1H of Jan, 2023

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 1-3 days 
• No equipment issues
• No weather disruptions
• Capacity is full but running better

Qingdao Port Update:

• Port operations are currently normal
• Vessel waiting time is around 1-2 days due to carrier service changes
• 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

• Since August 2020, MSC’s brokers have completed the acquisition of nearly 250 second-hand containerships to usurp 2M partner Maersk as the biggest ocean carrier in capacity terms, suggesting the alliance deal may not be renewed when it expires in April 2024. (Source: The Loadstar)
• Signature of Ocean Alliance Day 7 Product, which will launch in January 2023 with 40 services and an annual capacity of 22.4 million TEUs on the world’s major trade routes. ( Source: CMA CGM)
• CU Line will quit Asia-Europe Service from Dec 2022

Market Intel: Oceania

• Terminal and Port Update
  
  (Source: ANL)

Market Intel: USA

• USA Terminal Operation Updates
  New York: Vessel waiting time is upto 2 days due to severe port congestion.
  Norfolk: Vessel waiting time is down to 5 days due to port congestion.
  Savannah: Vessel waiting time is between 0-12 days due to high import volume and port congestion.
  Miami/Port Everglades: Vessel waiting time is upto 3 days.
  Long Beach: Vessel waiting time is down to 3 days
  Oakland: Vessel waiting time is upto 3-5 days due to high import dwell volume and port congestion
  Seattle: Vessel waiting time is down to 1 day due to port congestion
  (Source: Shipco)