Weekly Ocean Operations Update: Asia to Europe, US and Australia 11/08/23

Shanghai Port Update:

• Port operations are currently normal
• Vessel waiting time is 0-3 days
• All container types are available
• No weather disruption
• No capacity issues

Yantian Port Update:

• Port operations are currently normal
• Vessel waiting time is 1 day
• All container types are available
• No weather disruption
• 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
• No weather disruption
• 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 OK

Vietnam Port Update:

• Port operations are currently normal
• Vessel waiting time is currently 0-3 days 
• Due to Typhoon Khanun, there is an MSC / Evergreen delay - currently ETA / ETD 4-5 days
• All container types are available
• 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

• OOCL Receives the Fourth 24,188 TEU Mega Container Vessel, Named “OOCL Felixstowe”
  OOCL Felixstowe - The 4th Eco-friendly 24,188 TEU vessel to be deploy on LL3 in Aug. (Source: OOCL)
• 2nd LNG-fueled 23,600 TEU behemoth joins Hapag-Lloyd’s fleet (Source: eeSea)

Market Intel: Oceania

• Shipping lines have announced the implementation of a General Rate Increase / Rate Restoration on all shipments from North East Asia to Australia and New Zealand ports that will come into effect in the coming weeks. Read more here.
• Swire will modify its North Asia – New Zealand – Pacific Islands service “NAT”, wef 08 Oct
  The port rotation is expected to cover Sri Racha (near Laem Chabang) – Kaohsiung – Changshu – Yokohama – Osaka – Busan – Lae – Port Moresby – Noumea – Auckland – Timaru – Tauranga – Marsden Point – Noumea – Vavouto – Subic Bay – Sri Racha (Source: Alphaliner)

Market Intel: USA

• Canada’s West Coast Ports Updates:
  • 75% of union members supported the tentative agreement by West Coast Ports Management.
  • Ends the uncertainty and congestion along the Canadian West Coast Supply Chain which happens for weeks.
    (Source: The Loadstar)