Weekly Ocean Operations Update: Asia to Europe, US and Australia 16/12/22

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 operations are 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

• CMA CGM will restrict bookings for shipments due to arrive at ports in southern China in early 2023, due to a suspension of service by feeder and barge operators through January.. (Source: The Loadstar)

• Poor cargo volumes and tonnage overhang see carriers re-route Europe - Far East backhaul via the Cape. Rather than forking out hundreds of thousands of Dollars in Suez Canal fees, numerous large vessels are once again returning to Asia via the Cape of Good Hope. (Source: Alphaliner)

Market Intel: Oceania

• Terminal and Port Update
  
  (Source: ANL)

Market Intel: USA

COSCO drops express China-Canada-US service with fall in demand
COSCO has withdrawn its express China-Canada-US intermodal service that was launched in Oct 2021, as carriers continue to trim capacity to respond to falling demand, according to Netherlands’ Fresh Plaza.

The service used five 4,250TEU ships to move containers from Qingdao and Shanghai to Prince Rupert, from where the containers were railed from DP World’s terminal in Prince Rupert port, via the Canadian National Railway, to Chicago in the United States.

Source: Fresh Plaza