Alphaliner’s Post

𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐚𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐭𝐫𝐚𝐧𝐬-𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐝𝐫𝐢𝐯𝐞 𝐛𝐢𝐠 𝐛𝐨𝐨𝐬𝐭 𝐢𝐧 𝐉𝐮𝐥𝐲 𝐝𝐞𝐩𝐥𝐨𝐲𝐞𝐝 𝐜𝐚𝐩𝐚𝐜𝐢𝐭𝐲 The launch or restart of 10 Asian services calling North America has put almost 16% more deployed vessel capacity on the eastbound trans-Pacific this month compared with June and the most tonnage on the water in at least three years.   The capacity injection is already dulling the eight-week ascent in container spot rates that had been driven by the frontloading of Asia imports and global capacity stretched by Red Sea diversions and port congestion. Trans-Pacific carriers in July plan to deploy 2.6 million TEUs of combined capacity to the US West and East coasts, up 15.6% from 2.25...

The latest disruptions in the #redsea make getting goods from China not as easy as it used to be. Until the geopolitical situation is resolved, most of the vessels are resorting to navigating around the Cape of Good Hope, adding some 6,400 km and 15% shipping costs on top of the normal route. An alternative route is to use railway services. WMT can cut delivery times from CN by 10-12 days, and the customer can benefit from a service that does not depend on weather conditions. And it is not only CN: collections are available from Taiwan, Japan, South Korea, Vietnam, Kazakhstan and Georgia. Contact us at http://wmt.ro/en/contact/ for more information! #supplychain #supplychainsolutions #railservices

🚢 Global Schedule Reliability Reaches New 2024 High via Sea-Intelligence - In May 2024, global schedule reliability improved to 55.8%, the highest level this year. - Despite the improvement, the average delay for late vessel arrivals increased to 5.10 days. - CMA CGM was the most reliable carrier at 57.1%, while PIL had the lowest reliability at 44.5%. - 10 out of the top 13 carriers saw month-on-month improvements in schedule reliability. - Y-o-Y, schedule reliability in May 2024 was down by 11 percentage points. Source: https://lnkd.in/dTgV3Sbz

"It's going to get worse before it gets better," a US importer tells JOC.com of the heavy slate of cancelled sailings and schedule changes coming in the weeks ahead that are leading to rolled cargo and other delays at Asian load ports. Here's a rundown of what the alliances are blanking through October: 2M: 11 sailings - 4 to Pacific Southwest, 6 to US East Coast, 1 to US Gulf; nominal capacity 108K TEUs THE Alliance: 11 sailings - 3 to Pacific Northwest, 5 to PSW, 3 to USEC; nominal capacity 105K TEUs Ocean Alliance: 18 services - 3 to PNW, 11 to PSW, 2 to USEC, 2 to USGC; nominal capacity 159K TEUs (Note: many OA services running biweekly instead of weekly) https://lnkd.in/eQRjBimv

"COSCO-owned Orient Overseas Container Line (OOCL) has seen a huge 49% decrease in its fourth quarter revenues, compared to 2022 Q4, reporting US$1.62 billion. In the same period, OOCL's total liftings increased by 7.2% and the loadable capacity increased by 9.1%, while the overall load factor was 1.5% lower than in the same period in 2022. As a result, the overall average revenue per TEU decreased by 52.5% compared to the fourth quarter of last year. Furthermore, OOCL has announced overall revenues for 2023 of US$7.5 billion, translating to a significant 59.6% year-over-year decline." #OOCL #oceanshipping #containershipping

As we enter 2024, if you are in supply chain from China to Europe, you have to re-arrange all your plans and add at least another 30 days in the lead time. Because of the situation on the Red Sea, not only you have to add 15/20 days of navigation, but also another 10/15 days to get the booking on the vessel (if you are lucky enough to find a ship). Why? Longer navigation times lead to a sudden reduction in shipment capacity (or availability of containers), cause ships take more time to comeback to Asia and the deployment of new capacity (ships) takes time. In addition you have to increase your budget, as containers costs are skyrocketing!

POSITIVE SENTIMENT RETURNS TO THE MARKET This week finished on a positive note with the Capesize 5TC increasing by $942, finishing the week at $27,388. The rate for C8 transatlantic round voyage, significantly increased by over $3,000 on Wednesday, reaching $29,464. There were also notable increases in fronthaul cargoes from the North Atlantic later in the week, particularly for first half of August dates. Fixture levels increased as vessels with prompt dates were scarce in attracting interest from charterers. An active and busy week for the Panamax market culminated in decent gains made as the Atlantic market came to the fore once again, with South America absorbing tonnage worldwide, adding support to markets. The Atlantic saw improved levels tonnage count shrank mid-week. From the South, an 82,000-dwt vessel was fixed delivery EC South America end-July for a fronthaul at $19,250 plus $925,000 ballast bonus, whilst an 82,000-dwt fixed delivery West Mediterranean for a transatlantic run at $13,000. A week of steady improvements in the US Gulf with a lack of tonnage availability a large driving force behind the positivity. Visible activity remained in the Asian markets with a 57,000-dwt fixing from Bayaquan via Goa to the Mediterranean-Continent with an intended cargo of steels at $15,500 for the first 65 days and $17,500 for the balance of the charter. A 61,000-dwt opening in CJK fixed via the east coast of Australia to the Philippines at $16,000. The period market also remained active with a 56,000-dwt opening ex-drydock in Zhoushan fixing for a year at $14,000. In the Handysize segment large gains were seen in the US Gulf region this week with a 42,000-dwt fixing from SW Pass to the West Coast, whilst a 37,000-dwt opening in East Coast Mexico was fixed basis delivery SW Pass for a trip to Morocco with an intended cargo of grains at $17,500. In the South Atlantic with improving levels of fresh enquiry a 38,000-dwt was linked to fixing from San Lorenzo to the Caribbean at $21,000. Levels began to improve in the Asia markets too. #capesize #shipping

China inbound tonnages slump as Year of the Dragon starts China’s air import tonnages dropped sharply in the final few days leading up to Lunar New Year (LNY) on 10 February, along with intra-Asia Pacific traffic, contributing to a -12% fall in overall global tonnages, week on week, according to the latest figures from WorldACD Market Data. Read the full article: https://lnkd.in/eutVXC7E #aircargo #aircargotrends #airfreight #airmarket #cargo #cargotrends #logistics #supplychain #logistics #freightforwarders #freightforwarding #gsa #gssa #shippers #supplychainmanagement