EESEA

Shanghai lockdown is not causing global supply chain chaos (yet)

Shanghai lockdown

First came China’s Wuhan lockdown in February 2020. Then came the closing of Yantian in Shenzhen, the world’s fourth-largest port, in June 2021. Now, Shanghai — site of the world’s largest port — is in extended lockdown. The first two events had extreme effects on container shipping to the U.S. But Shanghai is no Wuhan or Yantian, at least not yet.

Shanghai export box wait times

One fear is that China’s strict COVID policy will lead to a pileup of containers at Shanghai’s port. The big difference...

https://www.freightwaves.com/news/shanghai-lockdown-is-not-causing-global-supply-chain-chaos-yet

Container shipping at the crossroads: The big unwind or party on?

container shipping

Is faltering consumer demand curbing imports, allowing port congestion to finally ease, releasing ship capacity and causing spot ocean rates to sink? Is this the beginning of “the big unwind”?

Or does waning West Coast port congestion stem from temporarily lower exports out of China due to COVID lockdowns, combined with a congestion shift toward East Coast ports? Is the economy still strong and the ocean freight market still fundamentally firm, with the port crunch to worsen in the second half,...

https://www.freightwaves.com/news/container-shipping-at-the-crossroads-the-big-unwind-or-party-on

East Coast ports about to get slammed by a lot more ships

container shipping

There were 63 container ships waiting off East and Gulf Coast ports on Friday morning, plus another eight off the transshipment hub in Freeport, Bahamas — and it looks like it’s about to get worse.

The number of liner services calling in East Coast ports from Asia will surge to a new record high in the coming months as more cargo is diverted away from the Pacific gateway in Los Angeles/Long Beach.

The potential result: escalating ship queues along the East Coast and deteriorating service for...

https://www.freightwaves.com/news/east-coast-ports-about-to-get-slammed-by-a-lot-more-ships

More 2M transpac voyages ‘slide’ as vessels still queue at USWC ports

The 2M partners, Maersk and MSC, have cut two scheduled transpacific calls, but the two lines offer different reasons.
Maersk said today its TP6/MSC Pearl service would ‘slide’ by a week from its 1 February departure date ex-Asia, and the TP2/MSC Jaguar loop would also be delayed by a week from its advertised sailing of 14 February.
The Danish carrier said it was “in view of the accumulated schedule delays” in its …

The post More 2M transpac voyages ‘slide’ as vessels still queue at USWC ports...

https://theloadstar.com/more-2m-transpac-voyages-slide-as-vessels-still-queue-at-uswc-ports/

Container ships now piling up at anchorages off China’s ports

container shipping

There are over 60 container ships full of import cargo stuck offshore of Los Angeles and Long Beach, but there are more than double that — 154 as of Friday — waiting to load export cargo off Shanghai and Ningbo in China, according to eeSea, a company that analyzes carrier schedules.

The number of container ships anchored off Shanghai and Ningbo has surged over recent weeks. There are now 242 container ships waiting for berths at countrywide.

Whether it’s due to heavy export volumes, Typhoon...

https://www.freightwaves.com/news/container-ships-now-piling-up-at-anchorages-off-chinas-ports

Full steam ahead: Why container ships are racing across the Pacific

container ship

There are almost no container ships in the world left for liners to charter. Secondhand purchase prices are through the roof. It takes two years or more to get a newly built ship. How can liners find more capacity?

There is a way — without adding ships — for liners to move more cargo and take even greater advantage of today’s stratospheric rates: speed up.

That’s exactly what they’re doing, according to new data from VesselsValue and MarineTraffic. Container ships are moving faster despite the...

https://www.freightwaves.com/news/full-steam-ahead-why-container-ships-are-racing-across-the-pacific

Ocean Alliance unveils 2021 network – ‘fewer and smaller changes’

The Ocean Alliance is set to increase capacity on its global deepsea services by around 9% this year.
Member lines CMA CGM, Cosco, OOCL and Evergreen have signed-off the 2021 network.
CMA CGM said Day 5, the new network arrangement launching in April, would see 333 vessels offering a combined capacity of some 4.1m teu across 39 services.
This compares with the current Day 4 network’s 325 vessels with capacity of 3.76m teu.
However, other …

The post Ocean Alliance unveils 2021 network – ‘fewer...

https://theloadstar.com/ocean-alliance-unveils-2021-network-fewer-and-smaller-changes/

Freight Rates Sky-High Not Likely End Soon

The frenetic levels of containerized cargo movement that have driven freight rates sky-high will not likely end soon, according to a top Maersk executive. The leading ocean carriers are even planning to maintain a high level of capacity through the Chinese New Year – the low-traffic season that usually prompts a raft of blanked sailings, says an article published in The Maritime Executive.

Sailings Are Blanked

Ocean carrier tracking firm eeSea recently told the Loadstar that on all of the major...

https://mfame.guru/freight-rates-sky-high-not-likely-end-soon/

Carriers boost capacity on the transatlantic to keep pace with demand

Transatlantic shippers can look forward to an increase in capacity on the trade, as both the 2M and THE alliances introduce larger ships.
According to liner analyst Alphaliner, 2M partners Maersk and MSC are upgrading the TA2/NEUATL2 service by replacing the five 4,800 teu ships with vessels in the 5,500-8,800 teu range.
It noted that the 8,044 teu Maersk Kotka had already been assigned to the service, with the 7,250 teu Maersk …

The post Carriers boost capacity on the transatlantic to keep pace...

https://theloadstar.com/carriers-boost-capacity-on-the-transatlantic-to-keep-pace-with-demand/

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