Weekly Ocean Operations Update: Asia to Europe, US and Australia 23/12/22

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

• Oceania Alliance announced Day 7 products and will start in Jan 2023

• THE Alliance announced service upgrade plan to be start in Apr 2023

Market Intel: Oceania

• Terminal and Port Update
  
  (Source: ANL)

Market Intel: USA

Marine chassis supply-demand balance expected to improve in 2023
Cargo owners, chassis lessors, and Class 1 railroads say they expect an injection of new equipment supplies and slowing import demand to bring much-needed fluidity to inland intermodal rail terminals in the first half of 2023. That, in turn, should have a positive effect on congestion all the way back to the ports.

Source: JOC