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

Shanghai Port Update:

• Port operations are currently normal
• Vessel waiting time is 0-3 days
• CMA has been lacking 40’ containers; it will release empties at Taicang
• 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
• Volumes are picking up slightly in July, but there are still generally low volumes in the market. Market remains soft across all trades. We are seeing an uptick in July volumes, and retailers are sharing that destination inventories are being worked through, with positive sentiment that Q4 volume will start to pick up

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

• ONE will have 2 x 24,000 Teu (ONE Infinity / ONE Integrity) deploy on FE3 service as upsize plan among THE Alliance in July. (Source: Alphaliner)

• HPL scheduled 1 x 24,000 Teu (Manila Express) deploy on FE3 in August. (Source: Alphaliner)

Market Intel: Oceania

• Terminal and port update
  
  (Source: ANL)

Market Intel: USA

• Niche carriers shut down two TP loops

  China United Lines (CU Lines) has announced that it will temporary shut down its China – California “TPC” services:

  Routing: Nansha, Yantian, Los Angeles, Nansha

  Pasha Group, the carrier already ended its TP loop on 1 Jun:

  Routing: Dachan Bay, Ningbo, Taicang, Vancouver, Seattle, Oakland, Long Beach, Cai Mep, Dachan Bay

  (Source:  Alphaliner)