Weekly Ocean Operations Update: Asia to Europe, US and Australia 03/02/23

Shanghai Port Update:

• Port operations are currently normal
• Vessel waiting time is 0-3 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
• No equipment availability issues
• No weather disruptions
• Export demand to North Europe after the Chinese Lunar New Year (CNY) remains very weak
• Most manufacturers will back to normal working on or after 6 February

Ningbo Port Update:

• Port operations are currently normal
• Vessel waiting time is 2-4 days
• No equipment availability issues
• No weather disruptions
• Space is tight due to empty units

Qingdao Port Update:

• Port operations are currently normal
• Vessel waiting time is around 0-2 days
• 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

• MSC and Maersk let 2M partnership expire in 2025. (Source: Alphaliner)
• HPL announced that Far East Loop 2 (FE2) will call Wilhelmshaven ; Far East Loop 9 (FE9) in a new slot charter agreement with CMA CGM effective from FEB; China-Germany Express (CGX) service suspension from FEB. (Source: Hapag Lloyd)

Market Intel: Oceania

• Terminal and Port Update
  
  Source: ANL

Market Intel: USA

• SeaLead ‘pauses’ US west coast service as cargo demand collapses
  SeaLead Shipping has confirmed to The Loadstar it has suspended its Far East-US west coast service.

  It follows other long-haul newcomers quitting such trades in the face of collapsed cargo demand – and its east coast service is also in doubt.

  SeaLead, based in Singapore and Dubai, started out with a focus on Asia-Persian Gulf routes, but like several other regional carriers, jumped into the transpacific trades in August 2021, when Covid-19-related logistical bottlenecks propelled long-haul freight rates to historical highs.

  A SeaLead spokesperson said, “SeaLead, like other shipping companies, keeps a close eye on market shifts and their effect on our business and clients. With this in mind, we have recently made changes to our network we believe will offer additional options and closely reflect changing customer demands.”: Vessel waiting time is 2-10 days due to labor shortage, and port congestion. There were 6 container vessels at anchor last week.

  According to the spokesperson, the US west coast service has been “paused”, and the company would “continue to monitor the trade”.

  It was a 4 x 6,100 teu ships deployed to the fortnightly service, for which the port rotation is Nansha-Ningbo-Qingdao-Busan-Norfolk-Newark-Charleston-Jacksonville-Nansha.

  (Source: Loadstar)