Weekly Ocean Operations Update: Asia to Europe, US and Australia 04/08/23

Shanghai Port Update:

• Port operations are currently normal
• Vessel waiting time is 0-3 days
• All container types are avaialble
• Typhoon Khanun may impact Shanghai port and may cause delays ETA/ETD from Aug 3.
• 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 picked up slightly in July, but there are still generally low volumes in the market. Market remains soft across all trades. Retailers are sharing that destination inventories are being worked through, with positive sentiment that Q4 volume will pick up further.

Ningbo Port Update:

• Port operations are currently normal
• Vessel waiting time is 2-4 days
• All container types are available
• Typhoon Khanun impaction, NBO port stopped picking up empty from 03 Aug PM, may impact shipments that are set for departure this week.
• Space is tight due to being occupied by empty units

Qingdao Port Update:

• Port operations are currently normal
• There is currently a 1-3 day delay on vessel waiting time
• Some equipment is limited
• No weather disruptions
• No capacity issues

Xiamen Port Update:

• Port operations are currently normal
• Vessel waiting time is currently 2 days 
• 20'GP / 40'GP / 40'HQ are open; others need to be confirmed case by case
• No weather disruptions
• Space is okay. Vessel departure may incur delays due to typhoon last week

Vietnam Port Update:

• Port operations are currently normal
• Vessel waiting time is currently 0-3 days 
• HPL / PIL lack of 40’HC (** Currently you can still pick up at the last minute). Other carriers remains normal
• No weather disruptions
• Capacity is normal

FEWB rate and capacity update:

*GRI increases are for spot rates only; this will not apply to customers with a rate contract in place

Oceania rate and capacity update:

*GRI increases are for spot rates only; this will not apply to customers with a rate contract in place

TP rate and capacity update:

*GRI increases are for spot rates only; this will not apply to customers with a rate contract in place

Blank Sailing Updates:

• Australia
• EU
• USA

Market Intel: EU

CMA CGM FAL1 North Europe rotation enhancement – Direct call to Poland / Gdansk

The first sailing Westbound from Asia will be on 10/08/23 ex Pusan. CMA CGM will now offer 2 complementary direct services FAL1 and FAL5 from Asia to Gdansk. FAL1 will offer a unique Direct service ex South Korea to Poland, enabling to offer more space for project cargo and also connection into the Baltic via Gdansk. FAL 1 is also the opportunity to improve environment footprint by enjoying LNG ships. (SOURCE: Alphaliner)

Market Intel: Oceania

Market Intel: USA

HMM upgrades it’s PSX Service :

• HMM will upgrade it’s standalone PSX service from current 8,560 Teu class to 11,000 Teu class sailing
• Service Route : Shanghai -> Kwangyang -> Pusan -> Long Beach -> Oakland -> Pusan -> Kwangyang -> Incheon -> Shanghai
• Existing 4 x 6,800 Teu sailings on PSX will be shifting to Far East to India service - FIM

(Source: The Loadstar)