Weekly Ocean Operations Update: Asia to Europe, US and Australia 31/03/23

Shanghai Port Update:

• Port operations are currently normal
• Vessel waiting time is 0-3 days
• 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
• There is a shortage of 20'GP from MSC
• No weather disruptions
• Generally low volumes in the market due to reduced consumer demand and inventory reduction programmes; spot and long-term contract rates continue to soften

Ningbo Port Update:

• Port operations are currently normal
• Vessel waiting time is 2-4 days
• MSC and CMA have a shortage of 20’GP
• No weather disruptions
• Space is tight due to the occupation of 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 need to be confirmed 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

• Maersk signs MOU with Shanghai International Port Group on green methanol bunkering. (Source: Maersk)
• CMA CGM applies new port congestion surcharge in Mersin from 27,March , MSC announces the same called surcharge at higher level from 10,April. (Source: CMA & MSC)

Market Intel: Oceania

• Australia and New Zealand: KIX Service – Removal of Brisbane Call Effective from Kota Lestari 226/227

  ANL announced that KIX service will no longer call Brisbane northbound effective from Kota Lestari 226/227 onwards and will be a dedicated Southeast Asia to/from New Zealand service.

  New rotation will be as follows: Auckland – Lyttelton – Wellington – Napier – Tauranga – Port Klang – Singapore

Market Intel: USA

• MSK’s TPEB market outlook
  PMIs suggest that growth momentum has improved in early 2023, but still remains weak. The global composite PMI experienced a slight rise in January, driven by both manufacturing and services as China reopens and energy prices fall. Manufacturing orders-to-inventory ratio also improved in February, along with manufacturing export orders.
  
  The US inflation rate seems to have hit a peak, but analysts remain uncertain as to when it will come down to the target inflation rate of 2%*. (Source: MSK)