Australian sea cargo operational highlights
Global demand appears to be stabilizing in the run up to Chinese New Year. However, demand is expected to outstrip supply in 2022. Container capacity remains tight with carriers indicating there is around 15%-20% less capacity due to ongoing port congestion and other schedule issues.
Vessel schedule reliability has fallen to around 33-35%. Vessels ex Asia continue to be full as we move into the month of February 2022. Ocean freight rates and charges are expected to remain high due to limited capacity and lack of equipment.
The World Container Index, as indicated by Drewry, currently sits at USD $9,419.50 per 40FT container which is slightly down after several weeks of increases.
Conditions at transshipment ports remain challenging with carriers seeing delays of 2-4 weeks depending upon the trade lane sector.
Carrier booking requests for imports-exports should be made at least 3-4 week in advance for Asia and 4-6 weeks for other trade lane sectors.
Australian port terminals continue to see challenges associated with COVID and labour shortages.
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International shipping line notifications
FTA / APSA have compiled a consolidated list of shipping line notifications from 17th to 31st January 2022
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