Weekly Ocean Operations Update: Asia to Europe, US and Australia 16/06/23

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 are available
• 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
• All container types are available
• No weather disruptions
• Space is tight due to being occupied by empty units

Qingdao Port Update:

• Port operations are currently normal
• There is currently a 1-day delay on vessel waiting time
• 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
• CMA is lacking 20'GP; 40'GP / 40'HQ are open; others need to be confirmed case by case
• No weather disruptions
• Space is tight due to liners implementing blank sailings / port omissions; bookings should be made 2 weeks in advance to guarantee space; rollovers have occurred due to overbooking; 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

• CMA CGM is planning the launch of a new Asia – Med loop in early July. It will offer the first direct connections between China and the Turkish port of Iskenderun and Misurata in Libya, but it will also call at the French carrier’s regional Med hub in Marsaxlokk (Malta). The new service is branded ‘Turkey Libya Express’ (TLX), all nine vessels for the TLX-fleet will be operated by CMA CGM. (Source: CMA CGM)

Market Intel: Oceania

• Terminal and port update
  
  (Source: ANL)

Market Intel: USA

• USWC Labor Union – ILWU, Terminal representatives PMA announce West Coast Waterfront Contract

  The Pacific Maritime Association and the International Longshore and Warehouse Union on 14th Jun announced a tentative agreement on a new six-year contract covering workers at all 29 West Coast ports.

  The agreement is subject to ratification by both parties, and ILWU President Willie Adams in a joint statement. “ We are also pleased to turn our full attention back to the operation of the West Coast Ports.

  (Source: PMA)