Trans-Pacific

Fewer trans-Pacific cuts signal 3Q demand on the mend

container terminal

The green shoots keep coming.

Fewer trans-Pacific sailings will be “blanked” (canceled) in the third quarter — potentially many fewer — as U.S. importers recuperate from the first COVID-19 wave more quickly than expected.

Blank-sailing data has proved to be an accurate leading indicator of U.S. demand.

When ocean carriers do not get enough advance bookings to sufficiently utilize container slots, voyages are canceled. With blank sailings announced a month or more in advance, liner scheduling...

https://s29755.pcdn.co/news/fewer-trans-pacific-cuts-signal-3q-demand-on-the-mend

Pandemic leads to ‘complete disruption’ of container flows

Juergen Pump, Hamburg Süd’s president for North America, provided a “put yourself in my shoes” scenario for shippers during the Agriculture Transportation Coalition (AgTC) annual meeting this week.

Certainly canceled sailings are a headache for shippers and there have been a lot of them during the coronavirus crisis. But Pump pointed out that a rise in canceled bookings creates pain points for ocean carriers.

“Booking cancellations have increased significantly. Traditionally about 15 to 18% of...

https://s29755.pcdn.co/news/pandemic-leads-to-complete-disruption-of-container-flows

East Coasts ports optimistic for post-coronavirus recovery

Officials from South Carolina and New York/New Jersey ports see an end in sight to blanked sailings and lower volumes.

“Despite what’s happening right now, we are very optimistic. We think May and June is going to be the worst of it in terms of COVID impacts and then I think we’re going to bounce back quite strong,” Sam Ruda, marine director for the Port Authority of New York and New Jersey (PANYNJ), told the Agriculture Transportation Coalition (AgTC) during its virtual annual meeting Thursday.

“...

https://www.freightwaves.com/news/east-coasts-ports-optimistic-for-post-coronavirus-recovery

Ocean Rate Report: Supertankers Leap While Box Rates Tumble

  • Important trans-Pacific container route between Asia and the U.S. continue to slide despite showing mixed signals.
  • The third quarter was slower than predicted for the ocean shipping sector, particularly for workhorse very large crude carriers (VLCCs), which carry 2 million barrels of crude oil.
  • VLCC rates as of August 21 were $42,800 per day, up 47% week-on-week and up 202% month-on-month.
  • Navios Acquisition estimated that 2.7% of all VLCC capacity would be removed from service between now and...

http://mfame.guru/ocean-rate-report-supertankers-leap-while-box-rates-tumble/

Trans-Pacific: Change in Hong Kong Terminal

APL announces a permanent change in the Hong Kong terminal on the Trans-Pacific services below:

Service Effective Vessel Voyage ETA Hong Kong Change in Port Terminal
AW2
China AW Loop 2		COSCO EXCELLENCE
0UP3LE1PL		2 May 2019From: Hong Kong – Modern Tml (MTL)
To: Hong Kong Int’l Terminal (HIT4)
NP4
Pacific Northwest Loop 4		OOCL Oakland
0TP2ZE1PL		28 April 2019From: Hong Kong – Modern Tml (MTL)
To: COSCO HIT Terminal Ltd
SC6
South China Loop 6		OOCL MEMPHIS
0TC31E1PL		28 April 2019From:...

https://container-news.com/trans-pacific-change-hong-kong-terminal/

OOCL to withdraw some Trans-Pacific sailings

OOCL announces the withdrawal of the following Trans-Pacific sailings. The reason of this decision is the low demand, OOCL expects in spring.

Pacific China Central 1 (PCC1)

• OOCL UTAH (OTA) 030E/W:
ETA Ningbo on March 23 in Week 12 for EASTBOUND, and
ETA Long Beach on April 8 in Week 15 for WESTBOUND

• Service resumes with OOCL TOKYO (OTY) 092E/W:
ETA Ningbo on March 30 in Week 13 for EASTBOUND, and
ETA Long Beach on April 15 in Week 16 for WESTBOUND

Pacific China Central 2 (PCC2)

• COSCO EUROPE...

https://container-news.com/oocl-withdraw-trans-pacific-sailings/

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