Port Congestion Spreads Across More U.S. Import Gateways What milestones are taken in account for calculating port congestion data? My crystal ball gets murky further out, said Phil Levy, chief economist at Flexport, a freight forwarding company based in San Francisco. In today’s globalized world, logistics management plays a crucial role in the success of businesses engaged in international trade. In. Weitere. What should I do? We translate this to projection of five percent year-on-year growth to 11.01 million TEUs, MIDF Research added. GoComets port congestion tracker analyzes more than 45000 containerized shipments per month at more than 400 major seaports spread across US, EU, EMEA and SEA regions. The port is being expanded to increase its container handling capacity to 145 million TEUs. In general, the export price recorded a relatively flat trend pattern. GoComets port congestion API can be integrated with any client ERP system and the data pulled out can be used to create your own interface as per the clients use case. In 2021, our estimated global container volume growth was 7.8%, and this reflects the ongoing growth in global GDP. In February 2023, the cosmetics price stood at $35,779 per ton (FOB, US), surging by 8% against the previous month. Last week, supply chain visibility platform Project44 claimed rollover rates were rising at ports around the world and labelled Malaysia's Port Klang as the worst performer, with 64% during April.. Overall demand has been impacted by the Lunar New Year holidays, but we expect levels to resume from Wk07. The global supply chain is a complex system, and so is the current crisis. In addition, 3PL providers can ease international shipping obligations. Port Congestion in 2022: Whats Happening and How is it Affecting Businesses? Our customer support team will tailor-make your project proposal in accordance with your industry, logistic operations and specific requirements. Unwinding the disruption will take months. . Despite t Tinna Rubber and Infrastructure has established a specialized block train service for APM Terminals Pipavav, Maersk, and Pipavav Rail Corporation Ltd (PRCL). . Sailing will resume in Week 7. But you cant flick a switch and get new capacity back on. Now port congestion and delays are back and could be around for a while. 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. 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. Unfortunately, this situation is likely to continue for some time particularly now that Omicron has cut workforce numbers in some locations by up to 25%. Strong agricultural demand in Australia continues to expand and is expected to do so for the remainder of Q1-2 as grain exports continue and a large cotton crop is expected. What is the geographic coverage of port congestion data? AE12 and AE15 are doing structurally port omissions to limit the impact of berthing delay. In regards to vessels having to wait up to three to 10 days for berth space, SPSB informs that the company adopts a windows berthing system which is used by ports across the world. Since it is located near the LNG manufacturing plants, about 76% of the cargo handled at this port comprises liquid bulk. Johor port is situated at the southern tip of the Malaysian Peninsula, near Johor strait. However, carriers are already hiking their prices. Resize. Stay ahead of the curve with valuable supply chain trends sent directly to your inbox. "During the week of May 16, there was an average of 13 container vessels, equaling 100,000-plus waiting container capacity. The result is chronic gridlock at many ports. Take the time to negotiate with the shipping companies to get the best prices. The Penang port is situated on the northeast coastline of Pulao Pinang, between the Penang island and the western shores of the Malaysian Peninsula. We also use third-party cookies that help us analyze and understand how you use this website. The latter has 4 container terminals spanning 2.5 km and can accommodate ships weighing not more than 200,000 DWT. The estimated cost of shipping a 40 foot container from China to the U.S. West Coast has dropped by 84% since the start of April to $2,470, according to Freightos Baltic Index. REUTERS/Lucy Nicholson. Moller Maersk welcomes landmark green methanol vessel in Copenhagen this fall, Maersk Market Update Latin America April 2023, Power Asia: Revolutionizing EV Battery Supply Chain for Sustainable Future, Logistics providers and non-profits unite forces to send donated U.S. relief supplies to Turkish earthquake survivors, Operational constraints in key regions | Maersk. Similarly, the disruptions of global supply chain have resulted in yard congestion at the local ports due to higher dwell time for containers, he said. Economic theory More than 220 million tonnes of cargo was handled at this port in 2018. The Malaysian hauliers' association has disclaimed responsibility for port congestion during the Hari Raya period. You will shortly receive an email which will explain how to set your newsletter preferences. It has also witnessed appreciable growth in container traffic in recent years and handled around 348,000 TEUs in 2018. Containers are buried in enormous stacks in clogged terminal yards. In order to get custom post congestion reports for your team or customers, you can click here and contact our solutions expert. Median delay indicates the average number of days your shipment could be delayed due to port congestion. By. Moreover, Maersk has started offering direct service from Qingdao to central Africa in order to provide more reliable service for the Northern China market. Necessary cookies are absolutely essential for the website to function properly. Malaysia Port Congestion: Anchorage Stay Duration: Bintulu: Dry Bulk data is updated weekly, averaging 1.300 Day from Feb 2022 to 18 Apr 2023, with 49 observations. Meanwhile, the ABX service launched in late Dec 2021, providing direct service from Shanghai/Shekou to Jebal Ali. Please click on Contact Us on the top of this page and just enter your email ID. Market Intelligence Even though container loading and discharge operations at ports and terminals have remained normal despite cases this month in Ningbo, Tianjin, Shenzhen, Dalian and Guangzhou, district-level lockdowns and mass testing have led to warehouse closures and trucker shortages. Many ports, especially since mid-2021, exhibit longer wait times despite handling less cargo than pre-pandemic. Overall. Unfortunately, there seems to be no end in sight. See here for a complete list of exchanges and delays. Labuan has 5 privately owned wharves handling specific cargoes. Imports of Rice and cocoa are handled only at this facility. Port congestion continues to significantly slow the circulatory movement of ships, containers, and other transport assets including chassisremoving capacity, lengthening transit times, and forcing shipping rates much higher. You can search for your preferred route by entering the origin and destination port. But supply chain congestion isn't going away soon. Maersk will add 223 warehouses to its existing portfolio, bringing the total number of facilities to 549 globally, spread across a total of 9.5 million square meters. Operated by the Labuan Liberty Port Management, it handles cargoes of container goods, oil, rattan, wood, textiles, decorative items, fruits, maize, hardware goods, canned food, electrical appliances etc. To mitigate the capacity gap due to sliding and delays, we have deployed 3 gap loaders and will continuously do internal transfer or call for a gap loader to provide earlier delivery. We shed light on these issues leveraging a unique data set on maritime . Since mid-December, Malaysia has been experiencing unusually heavy rainfall resulting in nationwide floods. No congestion, Sepanggar Bay Container Port operating efficiently, Sabah PH reps support limiting CMs term to two terms. 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. 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. Trucks wait in line for hours (up to eight or nine hours in some cases) to pick up a single container. Eric Jin, head of investment support at industrial equipment supplier BMT Asia Pacific, said rising shipping costs, longer transit times and higher uncertainty will be the "new normal" for the shipping industry. SEREMBAN, April 25 Families and individuals going to beaches in Port Dickson for family outings during the long festive holidays are advised to stay away from swimming activities during high tide, choppy waters or spiralling high waves, for safety reasons. Remark: Numbers are dynamic and subject to change. Functioning as the major facility on the eastern shoreline of the Malaysian Peninsula opening to the South China Sea, it is operated by Kuantan Port Consortium. Maersk intending to acquire Hong Kongs LF Logistics. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Rising prices and reports of empty shelves in major economies have drawn attention to the functioning of supply chains that normally operate smoothly in the background. Kuantans annual handling capacity is around 600,000 TEU and in 2018 its total annual cargo throughput stood at 26 million tonnes. In attendance were the Federation of Malaysian Manufacturers Sabah Branch, Federation of Sabah Industries, Kota Kinabalu Chinese Chambers of Commerce and Industry, Sabah Shipping Agents Association, Sabah Logistics and Freight Forwarders and Kota Kinabalu Container Haulier Association. E-commerce requires distribution centers, and distribution center capacity was nowhere near prepared. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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. Most sectors had to pivot operations to adapt to the crisis for the last two years. 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. Flooding intensified over the weekend causing extreme damage throughout seven Malaysian states; The flooding is impacting all major ocean terminals in Malaysia. Container shipping: Supply chains will remain disrupted well into 2022 Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. In Beijing, several cases of the highly transmittable Omicron variant of COVID-19 are putting the city on alert ahead of the Beijing Winter Olympics due to start on February 4. It does not store any personal data. 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. The causes are varied and complex labor disruptions, cargo surges from big ships, infrastructure needs, marine terminal productivity, and equipment shortages, among other reasons. Terms and Conditions | Privacy Policy. However, Robert Swinney, operations professor of the Fuqua School of Business, believes the most operations should focus on developing resiliency strategies moving forward: Companies need to reevaluate their disruption-mitigation strategies and be prepared to invest more in resilience, he said. The container storage facilities span 290 acres capable of storing 6 million TEUs. Predictive updates on delays and ETAs based on on-ground developments and data analytics can better equip the logistics team with actionable insights.
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