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Here is an updated information about China and Southeast Asia markets.

22 Jun 2022

By Ashley Kao.      Photo : Ekushey TV

Port of Singapore suspends receipt of containers containing hydrogen peroxide!

 

Port Singapore International (PSA) said more than 1,000 containers were destroyed after a fire at a container yard near Bangladesh's Chittagong port cost more than $100 million. The fire started in a container containing hydrogen peroxide before spreading to containers containing sulfur and other chemicals, causing multiple explosions.

The number of containers containing hydrogen peroxide (hydrogen peroxide) unloaded at the PSA terminal has increased significantly and has reached a peak. PSA needs to take immediate action to stop accepting containers of hydrogen peroxide until the stock level returns to the safe range.

 

Europe's largest port will face a strike! Port congestion has reached critical levels

 

Strikes in Europe are threatening already congested supply chains. Thousands of workers at German seaports, including the Hamburg Port, went on strike on Friday, further increasing the congestion at the ports, and talks will resume next Tuesday. According to Maersk's announcement, the ports of Bremerhaven, Rotterdam, Hamburg and Antwerp are facing continuous congestion and have even reached critical levels.

 

Belgian unions plan to hold a nationwide strike next Monday (June 20), demanding that the government protect and increase the purchasing power of workers as the cost of living continues to rise. Congestion at the major European port of Bremerhaven has reached critical levels, with supply chain congestion having a severe impact on yard density and waiting times at the ports of Bremerhaven and Hamburg. The strike could cause further disruptions in Germany and northern Europe. In terms of rail services, backlogs, delays and cancellations have had a major impact on both ports. Many trains are delayed or even cancelled. Congestion levels are also high in the Port of Rotterdam, with terminal yard density reaching critical levels resulting in reduced terminal productivity. The number of vessels waiting to berth outside German ports has increased to about 60, and the ports of Rotterdam and Antwerp have also been heavily congested.

 

The below is the feedback from China and Southeast Asia branches in week 24, 

Shenzhen

Seaport:

The freight rates to the USWC and USEC still decline, and there were many blank sailings to the US Northwest.

Airport:

The space situation eased, and the freight rate remained stable.

 

Hong Kong

Seaport:

Due to the pandemic, transportation through Hong Kong has been blocked, and the policy has not been fully recovered.

Airport:

Air space situation eased this week.

 

Shanghai

Seaport:

The rates to US route continue to fall. Other provinces and cities still strictly control the vehicles that go to Shanghai to pick up the cargos. The space to US Northwest are tight.

Airport:

The delivery fee stables this week, but it was still expensive compared to before the lockdown. Freight rates to the US this week have fallen compared to last week.

 

Ningbo

The market volume is insufficient, and the rate to the US continues to fall. The Ningbo port is still congested, and ships are delayed seriously. The LCL Warehouses queuing situation has eased, but basically it still takes half a day to a day to line up. Truck drivers still need a 24-hour nucleic acid report, a green code plus a travel code, and some areas need to report or apply for a pass one day in advance.

 

Xiamen

The cargo volume is still insufficient, and the freight rate maintained.

 

Dalian

The overall US line freight rate is in a downward trend this week. Some shipping companies have canceled their schedules, and drivers need to provide 24-hour nucleic acid test reports.

 

Qingdao

The space to the US basic port is sufficient, and the space to US IPI point must book in advance. There are some vessels delays about 2-4 days. Trucks are currently sufficient, and drivers need to provide nucleic acid test certificates, health codes, etc. The LCL warehouse is very congested, sometimes it takes more than a day to queue up.

 

Tianjin

Seaport:

In Tianjin market, MSC freight has been greatly fall this week. However, the MSC has a long shipping transit time, and the sailing time is unstable.

Airport:

The freight rate continued to decline this week. Etihad Airways (EY)'s current passenger-to-cargo flight from Beijing is expected to be cancelled after the end of June.

 

Thailand

Seaport:

During this period, the ocean shipping is less as usual. Inland transport increases due to rising fuel prices.

Airport:

Air freight rates have decreased slightly. But it still needs to be updated weekly.

 

Vietnam

Berths congestion still exists, and vessels are delayed for about 1-2 days. The space for June is full.

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