Weekly Ocean Operations Update: Asia to Europe, US and Australia 28/04/23

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
• All container types available
• 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 and CMA still 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 2-3 days
• All container types available
• No weather disruptions
• No capacity issues

Xiamen Port Update:

• Port operations are currently normal
• Vessel waiting time is currently 1 day
• 20GP / 40GP / 40HQ open; others need to be confirmed case by case
• No weather disruptions
• Liners are implementing blank sailings to control space supply; the market is still soft

FEWB rate and capacity update:

Oceania rate and capacity update:

TP rate and capacity update:

Blank Sailing Updates:

• Australia
• EU
• USA

Market Intel: EU

• Hapag-Lloyd opens new office in Romania. Bordering five European countries and with direct access to the Black Sea, Romania is an attractive growth market for Hapag-Lloyd and takes up a strategic position in this region.  (Source: HPL)

Market Intel: Oceania

• Equipment availability

  
  (Source: ANL)

Market Intel: USA

• Update from PSAC-UTE bargaining team as Canada national strike continues
  PSAC said on Monday they “shut down” the ports in Montreal, Vancouver and St. John’s. Federal ministers meeting in Ottawa for the weekly cabinet meeting said they were keeping an eye out for blockades at critical infrastructure. (Source: PSAC)