Weekly Ocean Operations Update: Asia to Europe, US and Australia 05/05/23

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
• MSC and CMA have a shortage of 20’GP
• 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

• A3 Alliance – A3X Service Temporary Service suspension
  Due to continue low market demand on Oceania Trade, ANL/COSCO/OOCL decided to temporary suspend their joint Central / South China bi-weekly service A3X service until further notice. (Source: ANL)

Market Intel: USA

• MSC starts fast Haiphong – California connection
  

  MSC, this month, will re-focus this Asia – North America loop and turn it into a fast Southeast Asia – California connection. To achieve this, they are dropping all “Sentosa” calls in China, Taiwan, Sri Lanka, Singapore, Malaysia and India and transfer them to an all-new Far East – India service named “Shikra”.

  New Sentosa routing: Laem Chabang, Cai Mep, Haiphong, Long Beach, Oakland, Busan, Laem Chabang. (Source: Alphaliner)