We meet customer needs from one end of the supply chain to the other. What Do I Need To Know About the Upcoming SEC Regulations on GHG Emissions and How Might It Affect My Companys Operations? The latter has 4 container terminals spanning 2.5 km and can accommodate ships weighing not more than 200,000 DWT. Qingdao, Nansha, Xiamen, Lyttelton, Tauranga, Singapore, Tanjung Pelepas, Busan, Shanghai, Ningbo, Shekou, Yantian, Port Klang, Hong Kong, Balboa, Lazaro Cardenas, Buenaventura, Santos, Itajai, Tin Can, Antwerp, Bremerhaven, Rotterdam, Newark, Savannah, Baltimore, Miami, Tema, Felixstowe, Long Beach, Los Angeles, Oakland, Vancouver, Seattle, Prince Rupert, Charleston, Houston, Apapa, Onne, Durban, Cape Town, Dar Es Salaam, Maersk Asia Pacific market update - 2022 January (English), Maersk Asia Pacific market update - 2022 January (Chinese). What Is Human Rights Due Diligence and Why Does It Matter for U.S. Importers? Imports at the nation's major retail container ports are expected to be at near-record levels this spring and summer as consumer demand and supply chain challenges continue to result in congestion, according to the monthly Global Port Tracker, released by the National Retail Federation and Hackett Associates. The Penang port is situated on the northeast coastline of Pulao Pinang, between the Penang island and the western shores of the Malaysian Peninsula. "With the end of the health restrictions, we regained a degree of normality. Kuantan port comprises 3 container berths, 3 liquid chemical handling facilities, 4 multipurpose berths, 3 specialised berths for handling palm oil, 1 mineral oil berth, and a service jetty. COVID outbreaks in China and Vietnam further strain the backlog. The planned acquisition of LF Logistics is the latest in a series of deals since the middle of last year which also includes two e-commerce logistics companies - Visible Supply Chain Management and B2C Europe Holding in the US and Europe. Container shipping: Supply chains will remain disrupted well into 2022. What should I do? According to Market Intelligence, April 2023, Maritime and Trade Talk | EP14: Analyzing the U.S.-China Trade Relationship, Energy Evolution | Funding the energy transition, with Jigar Shah of DOE's Loan Program Office. AmInvestment Bank foresees the port sector in the region including Malaysia will remain to be well positioned as it will benefit from the shifting sourcing patterns accelerated by the pandemic, arising from the relocations of the manufacturing base by multi-national companies out of China to the region. However, unexpected COVID surges might constrain logistic supply and capacity. You can click on the "Sign in" option at the top of this page and then scroll down the login form that opens and click on "sign up" displayed at the bottom. The author and Marine Insight do not claim it to be accurate nor accept any responsibility for the same. The port is famous for its expansive storage space for keeping palm oil and is a major exporter of petrochemical goods. The calculated congestion index is a median value which would hold true for a maximum number of cases (excluding outliers). The former comprises 9 container handling facilities capable of handling the worlds biggest container ships and handles around 75% of containers arriving at Port Klang. Port congestion hits record high! Yantian International Container Terminal (YICT) and Shekou Container Terminal are restricting the number of export containers they will accept in an effort to clear an existing backlog of boxes in advance of the Lunar New Year holiday on Feb. 1. Manpower sufficiency was monitored closely and arrangements were made to ensure any shortages were addressed. Another reason is the longer turnaround time at seaports in the East due to various restrictions as the pandemic is still raging on in the East, the investment bank said. We will get in touch with you. Another dock is dedicated to methanol while there are two berths for handling wheat and cereals. You have now signed up for newsletters. Ro-Ro cargo witnessed a rise at the Northport leading the facility to become a crucial redistribution centre of automobiles in the region. Stay up-to-date on freight news with Greens Weekly Freight Market report by following us onFacebook,Twitter, andLinkedIn. Many ports, especially since mid-2021, exhibit longer wait times despite handling less cargo than pre-pandemic. AmInvestment Bank projects Westports container volume to grow by a stronger five percent in 2022 from a mere two percent this year. Yes, you can most certainly do that. No congestion, Sepanggar Bay Container Port operating efficiently, Sabah PH reps support limiting CMs term to two terms. Moreover, stimulus programs enhanced spending power. Its operational efficiency is hurt amidst excessive traffic at the port and as shipping lines miss their port call schedules, having been held up too long during their calls in the previous ports. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Justin Ho Jun 10, 2022. Ports across Europe have experienced negligible congestion over September and October. My crystal ball gets murky further out, said Phil Levy, chief economist at Flexport, a freight forwarding company based in San Francisco. Email: hello@zhenhub.com, USA | China | Hong Kong | UK | Australia | Canada | France | Italy | Germany | Japan | Thailand | Philippines, Copyright ZhenHub 2022. You can check real-time cost, price, rates and more with our international freight shipping calculator. Let our solution experts help Request for Data/API Red: More than 5 days delay Orange: 3 to 5 days delay Yellow: Less than 3 days delay Last updated: Fri Apr 28 2023 Ports List Apart from a 70 percent equity in Port Tanjung Pelepas (PTP), MMC Corp also owns Johor Port Northport (Malaysia), Penang Port and Tanjung Bruas. Shippers are advised to contact suppliers for further information regarding impact to their supply chains. Deutsche Banks congestion index points to ongoing pressures and bottlenecks in the broader supply chain with port congestion and inland transportation delays among the key issues, while freight rates are expected to remain elevated. The pandemic is also impacting port operations in the global wider Maersk network with Omicron particularly creating acute staff shortages at ports and terminals even through the facilities remain operational. The prospects of the Malaysia's port sector remain healthy for the current year and 2022 with some ports expected to post encouraging growth. These cookies track visitors across websites and collect information to provide customized ads. 2020 saw the perfect storm. The Container Terminal has achieved commendable growth with a current container handling capacity of more than 2 million TEUs. SINGAPORE, June 16 (Reuters) - Global port congestion is set to continue until at least early 2023 and keep spot freight rates elevated, logistics executives said on . Li & Fung owns 78.3% of LF Logistics with the remaining 21.7% held by Temasek Holdings, the Singapore governments investment vehicle. Recurring email reports: GoComet can enable automated triggered reports, where spreadsheets containing port congestion reports can be emailed to the client side users as per their preference. The acquisition of LF Logistics is an important and truly strategic milestone on our journey to become the global integrator of container logistics; a global logistics company that provides digitally-enabled end-to-end logistics solutions based on control of critical assets. After a turbulent 2022, European ports are finally seeing stability when it comes to port congestion. While the congestion levels have reportedly improved, normalcy may return only when significant parts of the world have moved past the COVID-19 pandemic stage hence diminishing the risks of major border lockdowns or controls, he added. The Philippines economy grew at a pace of 7.6% in 2022, the fastest rate of economic growth recorded by the Philippines since 1976. I wish to reiterate that the port is only one factor among numerous channels that affect cost of goods. The prospects of the Malaysias port sector remain healthy for the current year and 2022 with some ports expected to post encouraging growth in their container throughput in line with the global economy recovery from the COVID-19 pandemic. A recurring problem since the pandemic is that the system does not have time to recover before the next shock hits. A specially designed information technology system offering real-time container tracking and automated scanning has increased the ports productivity manifold. You can click on our Free tools menu on the website, and you will find the following free tools along with Port Congestion: Container Tracking Get unprecedented visibility over all your international shipments with our single window tracking solution. The Port Klang Authority on Wednesday (Dec 23) said the congestion at the terminals in Northport and Westports was mainly due to vessels bunching up after facing delays at preceding ports and the situation is made worse by bad weather during the monsoon season. It is a deepwater seaport that handles LNG, crude oil, LPG, urea, fertilisers, timber, palm oil, petroleum and its derivatives. GoComets port congestion tracker analyzes more than 45000 containerized shipments per month at major ports across US, EU, EMEA and SEA regions. Unwinding the disruption will take months. In pre- COVID times over many years, that number was much lessactually zero. However, assuming the situation is to revert to normalcy over the immediate term, Westports should return to a stronger growth path.. To mitigate the impact of missing sailings, we have called 4 gap loaders in Dec and 5 gap loaders in Jan to cover pre-Lunar New Year demand from customers. In Ningbo, transport and warehousing operations are operating normally after a cluster of cases in early January in the citys Beilun district led to extensive trucker delays as drivers had to undergo testing and quarantine before being allowed into Beiluns three container terminals. This measure is based on the additional time that ships need to complete a trip between the same origin and destination ports compared to the pre-pandemic baseline. This new standard operating procedure (SOP) will be implemented effective May 1, 2022, and encompasses the detention, inspection, and release of containers by enforcement agencies and other government agencies or port authorities at Port Klang. Wee said the SOP was designed to enhance coordination between agencies such as the Royal Malaysian Customs Department (JKDM) and the Malaysian Quarantine and Inspection Services Department (MAQIS) for container management. 2022 January (English) PDF (2805KB) Maersk Asia Pacific market update - 2022 January (Chinese) Now you can sign up as a new user either using your company email ID or your Google account. The ports dock has 4 berths handling general cargo, 15,000 sq m of open storage space, three warehouses and a container terminal with an annual handling capacity of 100,000 TEU. These cookies ensure basic functionalities and security features of the website, anonymously. It is an important maritime gateway for the country as it lies in the industrial region of Pasir Gudang which houses major industries like engineering, petrochemicals, electrical goods, furniture and packaged food. These berthing facilities span more than 3500 m. Due to the increased cargo and container traffic witnessed at the port, it is undergoing expansion to accommodate the biggest carriers at some of its berths. As 2022 begins, the container shipping supply chain remains in the deepest crisis it has ever seen. The Shell jetty for instance handles only petroleum while another wharf deals with iron ore shipments, capable of accommodating carriers weighing around 200,000 DWT. Maersk will also enter into a strategic partnership with Hong Kong-headquartered trading company Li & Fung to develop logistics solutions, as part of the acquisition. You will be able to export your reports in the following formats: What is GoComets Port Delay/ Port Congestion tool? For details of the latest operational constraints click here: Operational constraints in key regions | Maersk. Different destinations have various documentary requirements each with a corresponding cost. Shipping capacity was quickly exhausted at the start of the pandemic because everyone planned for a big decline in demand but in fact there was a surge because people wanted to buy things. Most sectors had to pivot operations to adapt to the crisis for the last two years. Some are doing better than others. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. The result is chronic gridlock at many ports. The system did not have a chance to recover from the six-day Suez closure in March 2021 or the shutdown of the Yantian port in South China in the spring, one of the largest marine terminals in the world. Covering more than 1000 acres and comprising its 24 berths, this multipurpose port deals with all kinds of cargoes through its numerous dry bulk, liquid bulk and container handling facilities. The container orderbook has reached a new record high of 7.54 million TEUs, according to BIMCO’s latest report, showing a substantial change in the worldwide fleet. Meanwhile, Syed Muhammed Kifni, the analyst at MIDF Research, said the COVID-19 pandemic has resulted in a series of global supply chain disruptions as some countries imposed additional lockdowns or tightened controls at the ports due to a resurgence of infection cases. Since mid-December, Malaysia has been experiencing unusually heavy rainfall resulting in nationwide floods. It is an important transhipment container facility that is linked with Singapore and Indonesia and is in close proximity to the international shipping routes of the Malacca Strait. With the acquisition of LF Logistics, we add critical capabilities in the Asia Pacific to support our customer's long-term growth in the Asia Pacific as well as capabilities and technology we can scale in our contract logistics business globally. Lying on the western coastline of Sarawak, near the city of Bintulu, this port is the major maritime gateway to Eastern Malaysia, comprising the regions of Sabah, Sarawak and Labuan. Unfortunately, there seems to be no end in sight. In general, the export price recorded a relatively flat trend pattern. New containers go into market by 2024, increasing overall capacity and improving schedule reliability. I would like to upgrade and want to get the Port Congestion subscription. Maersk intending to acquire Hong Kongs LF Logistics. Transportation Undersecretary Elmer Francisco Sarmiento and Philippine Ports Authority (PPA) Officer in Charge-General Manager Francisquiel Mancile inspected the Manila International . Heard on: President Joe Biden addressed was at the Port of Los Angeles on Friday. The imbalance has resulted in the shortage of empty containers in the East but excess in the West. Listen (2 min) South Carolina's Port of Charleston says a backup there could take six weeks to clear. Supported byGoComet platforms real-time container trackingdata, our machine learning algorithm calculates congestion/delays at ports based on the turnaround times of these containers at a given arrival/departure port. Global ports were struggling to keep up with the influx of orders even before the pandemic. But opting out of some of these cookies may affect your browsing experience. Of the nations ten busiest ports by volume, it is estimated that at least seven face congestion regularly. Required fields are marked *. It handles imports of steel coils, rods, wires, billets, fruits, grains, machine equipment etc. Maersk launched the Polaris service in January 2022 connecting Brisbane, Australia to New Zealand ports Lyttelton and Timaru. From 1st January 2022 till present the quay cranes were utilised and there have been no incidence of only a single crane used to handle loading and unloading activities for multiple vessels. New ships are not ready until 2023. Your email address will not be published. Malaysia Port Congestion: Port Stay Duration: Port Klang: Container Ships data is updated weekly, averaging 0.850 Day from Feb 2022 to 18 Apr 2023, with 64 observations. It is an important regional port serving mainly the oil and gas industries. Effective logistics management is essential to ensure that goods are transported efficiently and cost-effectivel GoComet is the worlds leading multimodal logistics platform that helps companies transform the way their supply chains operate, creating process resilience and driving double- digit cost savings. We reckon this situation may recur even in next year if we are faced with more pandemic-induced lockdowns or controls. As vessels are on a connective route, any delays occurring at a previous port of disembarkation will affect arrival time thus leading to missed berthing allocation. In Q1 we expect additional space to be available from Australia to New Zealand. As a policy, SPSB shall release any unutilised berthing allocation to other vessels who are already on standby at the port. As the year begins, we remain in the midst of the most severe crisis in container supply chains going back to Malcom McLean, who founded the container shipping industry in the late 1950s. clear creek fishing regulations,
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