Logistics newest information from Asia weekly.
By Nick Lung. Photo：Quang Nguyen Vinh
The average time of ships in port and berthing in the world's major ports in August announced .
On September 6, the Shanghai Shipping Exchange released the average port and berthing time of ocean-going international container ships in major ports around the world in August.
In August, the comprehensive service level of China's major ports continued to improve, and the average time of ships in major U.S. ports fluctuated slightly.
Among the top 20 ports in the world in terms of container throughput, China occupies 9 seats. The data shows that in August, the average time in port and berthing time of ships at major ports in China were 1.46 days (1.75 days in the previous month) and 0.96 days (1.04 days in the previous month), respectively, a month-on-month decrease of 16.6% and 7.7%, better than other The average duration of container ships in 11 major foreign ports in port and berth (3.03 days, 2.15 days). Among them, the average time of ships in Qingdao Port was 1.62 days, a decrease of 42.8% from the previous month.
Affected by the chain reaction caused by workers' strikes, the operating efficiency of major ports in Europe and the United States has not improved significantly. Among them, the average time of ships in the main ports of Los Angeles and Long Beach in the western United States was 6.05 days and 5.23 days, respectively, a decrease of 10.6% and 15.0% from the previous month; the average time of ships in the port of Hamburg in Europe was 4.86 days, an increase of 16.0% from the previous month.
The "Belt and Road" Smart Transport Network Special Train arrives in Xiangzhou, opening up a new model of Central Asia's integration of goods and trade
On September 7, a special train of Zhiyun.com from Kazakhstan, full of 1,300 tons of wheat bran grains, under Wenjing arrived in Xiangzhou, Hubei. This is the first Central Asia return train independently organized by Zhiyun.com. It adopts the international railway-rail transportation method. It starts from the northern city of Kostanay in Kazakhstan, and after customs clearance at Alashankou, the international train ends in Xi'an. On the return journey, transfer to domestic railway transportation to Xiangzhou, Hubei for delivery.
Kazakhstan is the place where the “Belt and Road” initiative was initiated and the first stop for land exports. Under the background of the continuous implementation of the "Belt and Road" initiative, the RMB business has ushered in a broader development prospect in Kazakhstan. The first batch of imported wheat bran business innovatively uses RMB as the standard currency for trade settlement, replacing the traditional settlement model in US dollars, which can reduce settlement costs and improve capital turnover efficiency for customers.
In recent years, China and Kazakhstan have continued to deepen their comprehensive strategic cooperative partnership, with frequent economic and trade exchanges and people-to-people and cultural exchanges. In the future, the “One Belt, One Road” intelligent transportation network special train will run on a monthly basis, and through the exploration of the RMB overseas settlement model, a new model of Central Asia’s integration of goods and trade will be opened up, which will promote the establishment of RMB business in Kazakhstan and help Central Asia cross-border. Trade developed rapidly.
The below is the feedback from China and Southeast Asia branches in week 25,
Shenzhen Shipping: The freight rate on the US line has accelerated, and Yantian Terminal still implements ETB-7 days to pick up containers. Due to factors such as the shipping schedule DELAY and the unstable epidemic situation, additional costs have become normalized.
Shenzhen Air: Due to the epidemic, some flights cancelled in CA/CZ/CK have not been resumed, and the market freight is the same as last week.
Shipping: Due to the epidemic, transportation through the port is still hindered. Currently, there is a limit for vehicles in the two places, which requires ranking, and needs to be unloaded in the warehouse and then connected by vehicles. The cost is high.
Air Freight: At present, the shipments in the market are weak, so the space is abundant and available and not nervous
Shanghai Shipping: The price of each route keeps falling. At present, the negotiated price is the best choice, and there is no price lock and deadfreight.
Shanghai road transportation is still affected by the epidemic policy, and the labor costs of transportation, unpacking, and storage are higher than the same period.
The current Shanghai shipping schedule is delayed by 3-5 days
Air Freight: Chengdu City needs case by case pick up and shipment due to the epidemic situation.
The US freight rate this week is lower than last week.
The market is out of stock, and the price of the US line continues to fall
The sailing schedule is much better than that during the epidemic
LCL warehouse entry has returned to normal
Truck drivers still need a 24-hour nucleic acid report, green code plus travel code, and some areas need to report or apply for a pass one day in advance
The Xiamen market continued to be very weak this week, and the market price continued to drop.
Prices are still on a downward trend this week, and if the volume does not improve, it is expected to continue to decline.
In terms of transportation, due to the sudden outbreak of the epidemic in various places, truck drivers are now required to do nucleic acid tests every day.
A 24-hour nucleic acid report is required to enter and exit the port area and high-speed bayonet.
1. U.S. prices are still falling, the current position is abundant, and the shipping company is out of stock
2. Drivers still need to provide nucleic acid test certificates within 24 hours, health codes, etc.
3. The LCL warehouse implements an appointment before delivery, and the driver needs to make an appointment in the corresponding APP
4. When the epidemic was discovered in Jimo District, some factories were closed until the epidemic was lifted.
Air freight: The air freight export market is still in a sluggish state this week.
Beijing Capital Airport will cancel the 10-day rest period requirement for imported non-cold chain goods this week.
Daxing Airport: It is reported that Beijing Daxing Airport has resumed international cargo flights and will fully resume flights next year. In addition, the airport area of Daxing Airport will also build a national airport-type logistics hub to accelerate the coordinated development of the airport area.
In 2025, China Southern Airlines Group plans to put 200 aircrafts into operation in Beijing Daxing. China Southern Airlines Logistics will strengthen passenger and cargo coordination, rationally plan routes, and adjust aircraft types to maximize overall revenue; it will consider launching freighter aircraft operations at Daxing Airport in due course.
Shipping: Sea freight rates across the entire route are declining, and various shipping companies are chasing down prices, in sharp contrast to last year's chasing up prices. Our quotation update speed is timely, and the market price is updated in real time, even earlier than the counterparts in the Tianjin market.
CMA Launches Express Train to Penang Port - The new express train service connects Thailand's Malaysian town of Padang Besar on the border with Penang to CMA CGM's regional shipping network in Asia. CMA CGM has partnered with Infinity Logistics and Transport Ventures Limited (Infinity) to build the rail line which will have up to 100 dedicated containers per week.
Thailand and Taiwan launch a Thailand-Taiwan online shopping market under "TOPTHAI X Taiwan Select" to promote retail online trading for buyer in Thailand and Taiwan. Thailand's Department of International Trade Promotion (DITP) and Taiwan's Commercial Development Research Institute (CDRI) has lunched this program for both customers can shop the most popular Thai product and famous Taiwanese goods such as food and beverage, lifestyle, cosmetics, fashion, IT, Thai incense and spar, dried fruit and design & decorations product. This is a new online shopping channel at https://taiwan-select.com.
1. Ocean rates on most major container trades have fallen significantly
2. Expectation for air freight as peak season is coming
Rates are stable for South-east Asia to the US and Europe, but are expected to increase next month, due to more passenger luggage taking up cargo capacity as well as the traditional peak season approaching.
3. Gasoline prices fall marginally, diesel surges
Petroleum traders believe that the current price management mechanism makes petrol prices not keep pace with world price movements. The slower operation causes businesses to suffer serious damage and losses due to the impact of sharp price fluctuations and a slower operating mechanism compared to the world market.
4. The State Bank sharply increased the selling price of USD to 23,700 VND
The State Bank has just decided to sharply increase the selling price of USD by 300 VND to 23,700 VND compared to the previous one and this is also the third increase in USD selling price of this unit.
The decision to sharply increase the selling price of foreign currencies mentioned above by the State Bank is not surprising, because recently some investment organizations or investment researchers have predicted this adjustment in advance.
The level of increase is quite high compared to the old level but not too large compared to the recent volatility in the market.
Currently, the common buying and selling prices at commercial banks are at 23,430-23,740 VND/USD.
5. The connection between the marine freight route from Việt Nam to Vladivostok (Russia) and a rail route from Vladivostokt to Moscow was launched at a ceremony on September 6 The link uses a digital security mechanism so customers and related agencies can track goods moving on the route in real time, and make it possible to implement customs clearance of goods even at the end point in Moscow.
Addressing the event, Chairman of the Board of Directors of state-owned Russian Railways (RZD) Oleg Belozerov highlighted that an important element of transportation is saving time, and connecting the two routes helps reduce time and administrative procedures when transporting goods from Việt Nam to western Russia.
Appreciate if you could share TGL Blog among your friends who are interested in first-hand market information of supply chain and updated economic incidents.