The BOC Blast 255 – Asia market summary – Tight Eastbound Trans-Pac Capacity

Asia market summary / Tight Eastbound Trans-Pac Capacity

Port conditions:

Qingdao:     Congestion continues – waiting around 1-1.5 days for a berth

Shanghai:    Moderate congestion – waiting time around 1.5-2 days. Port closed last week for about 34hrs affected by TS. JONGDARI

Ningbo:       Heavy congestion – at least 1-2 days waiting for a berth – Port closed for about 29hrs affected by TS. JONGDARI

Shantou:     Moderate port congestion. Vessels out of window will delay at least 0.5-1 day

Penang:       Moderate congestion, berth waiting time is around 0.5-1 day

Manila:        Manila South & North port still experiencing congestion – delays of 3-4 days even for vessels on window. The CY’s at the port are also heavily over capacity which leads to delays of empty returns and use of external ICD’s a “must”

Bangkok:     Berth waiting time continues to be approx. 2 days

Jakarta:       Port congestion by low productivity in port, waiting 0.5 to 1 day for a berth for ships arriving off window

Surabaya:    Port congestion by low productivity in port, waiting 1 to 1.5 days for a berth for ships arriving off window

Japan:          Typhoon Sanshan headed towards JP this week. Not expected to be heavy impact, details will be clearer in the next 24hrs (please contact your local office for details)

 

Typhoon Yagi hits Philippines/, possibly headed towards China. Impact to port operations unknown at this time

 

US retailer report warns of tighter eastbound trans-Pac capacity

Excerpted from JOC.com

Bill Mongelluzzo, Senior Editor

The uptrend in US imports, in line with the US/global expansions, continued in June, but shippers remain cautious, and there are objective, geopolitical reasons why they are not celebrating.

A report by US retailers tracking monthly record imports since June and through August sends a stark warning to shippers that the scramble for capacity this peak season will only intensify.