Early Warning! 47 Voyages Were Cancelled, The Cancellation Rate Was 8%, And 72% Of The Blank Voyages Took Place On The Trans-Pacific To West American Route!

  According to the latest data released by Drewry on the 26th, the three major shipping alliances in the world have cancelled multiple voyages in the next 4 weeks (weeks 48-51), of which the most cancelled voyages are the cancellation of 20 voyages by THE Alliance; 2M Alliance Reached 10 voyages; the least ocean alliance canceled 1 voyage.

  As stated in the Drewry Port Ship Waiting Time Tracking Report, although the LA/LB port congestion in San Pedro Bay is increasing every week, the Port of Los Angeles and Long Beach Authority announced in the last week to further improve the container stay time at the terminal, and once again The decision to impose container stay fees was postponed to November 29 to allow more time to assess the situation. Port congestion is a global phenomenon that causes serious delays in shipping schedules and forces carriers to jump into ports, especially in Europe, while imports from Asia are expected to remain strong until January 22.

  Among the 556 scheduled voyages on major trans-Pacific, trans-Atlantic, Asia-Northern and Asia-Mediterranean routes, 47 voyages were cancelled between week 48 and week 51, with a cancellation rate of 8%. According to Drewry’s current data, during this period, 72% of blank voyages will occur on the trans-Pacific eastbound trade route.

  According to the latest data from the signal platform of the Port of Los Angeles on November 26, the average waiting time for each ship outside the Port of Los Angeles and Long Beach has reached 18.8 days, which is more than twice that of two months ago. This ship" The "Bal Peace" container ship has been waiting for berth for 62 days. Although the new ship queuing system algorithm seems to have reduced the number of waiting ships, the actual waiting time of the ships has increased; this undoubtedly makes the container ships outside these two major ports more expensive. The congestion situation is getting worse.

  Just as Maersk’s latest market information report released on the 24th predicts that overall demand in December will remain strong. Congestion in North American ports has deteriorated recently, and the waiting time for ships in Los Angeles/Long Beach/Seattle has increased to 21 days. Port congestion will still result in a shortage of voyages and capacity.

  According to the latest Global-Baltic Container Freight Index (FBX) on the 26th, the Asian to American West Freight Index has risen from US$14,185 per 40-foot container on November 19 to US$14,677 on the 26th. The increase reached 3%.

  The Asia-East US Freight Index has risen from US$16,124 per 40-foot container on November 19 to US$16,633 on the 26th. The increase reached 3%.

  And Drewry's latest comprehensive world container index remained stable last week, maintaining at $9,186.39 per 40-foot container, but it was still 224% higher than the same period last year. The year-to-date WCI average composite index assessed by it is US$7,413 per 40-foot container, which is US$4,723 higher than the five-year average of US$2,690 per 40-foot container.

  According to the Drewry Index, the Shanghai-Rotterdam freight rate rose by 1%, or US$75, to US$13,475/FEU. Similarly, the spot freight rate from Shanghai to New York rose 1% to US$13,230/FEU. However, the freight rates of Shanghai-Genoa and Shanghai-Los Angeles are hovering near the levels of the previous few weeks. Drewry expects interest rates to remain stable in the coming week.

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