Weekly Ocean Operations Update: Asia to Europe, US and Australia 14/04/23

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 remains a shortage of 20'GP from MSC
• No weather disruptions
• Soft volumes in the market due to low 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 still has a shortage of 20’GP; however, CMA has more stock this week
• 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

• CMA CGM added a Cai Mep call to the rotation of its Far East – North Europe service ‘FAL3’, which as also known as the fifth loop (‘NEU5’) of the OCEAN Alliance in this trade. (Source: CMA CGM)
•  A.P. Moller - Maersk expands warehouse offering for its customers in UK (Source: eeSea)

Market Intel: Oceania

• COSCO will open an ANE service (Australia New Zealand Express)

  This new service will be operated with one 1100 Teu ship CONTSHIP YEN that will launch from 15 May 2023 between Australia and New Zealand under a bi-weekly service from Sydney, Bell Bay and Melbourne to Auckland

  Source: COSCO

Market Intel: USA

• THE Alliance’s “PS8” becomes HMM standalone loop

  THE Alliance (THEA) this month dropped the Far East – USWC “PS8” service from its East – West service portfolio.

  The Transpacific loop, which links China and Korea to California, was however not axed altogether. Instead, THEA member HMM, which already acts as the only vessel provider of the PS8, will continue the service as a standalone operation.

  Source: Alphaliner