Weekly Ocean Operations Update: Asia to Europe, US and Australia 12/05/23

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 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 20’GP storage problem is recovered 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 2-3 days
• CMA has 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 / omissions 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

• THEA starts upgrade of Far East-Europe ‘FE3’ loop. Ocean Network Express (ONE) has decided to deploy its newest flagship, the 24,000 teu ONE INNOVATION, in the third of the five Far East–North Europe loops of THE Alliance. The LNG-powered 23,666 teu newbuilding BERLIN EXPRESS of its alliance partner Hapag-Lloyd is expected to join this same ‘FE3’ service as well. The ‘FE3’ service now turns in twelve weeks (one extra) calling at Ningbo (new), Xiamen, Kaohsiung, Yantian, Singapore, Rotterdam, Hamburg, Antwerp, Southampton, Algeciras (new), Singapore (new eastbound call), Yantian, Hong Kong, Kaohsiung (new eastbound call), Ningbo. (Source: Alphaliner)

Market Intel: Oceania

• Terminal and port update
  
  (Source: ANL)

Market Intel: USA

• MSC rejigs rotation of SE Asia – USWC “Sentosa” Service
  

  New Sentosa service port calling: Laem Chabang, Cai Mep, Haiphong, Long Beach (No longer calling TTI, but changed to WBCT), Oakland, Busan, Laem Chabang. (Source: Alphaliner)