From the Editor’s Desk
From the Editor’s Desk
Greetings!
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Key takeaways for the US
Read on for more in-depth updates
Ocean Freight Market Updates
Asia → North America
US/CA
COVID issues and poor weather conditions
Conclusions
Rates - The rates will remain the same until the middle of January. This is owing to low movement in the market.
Space - Space open, no issues with equipment.
Recommendations - We recommend blank sailings to continue. Book at least two weeks prior to the date your vessel gets ready to depart.
Turkey → North America
Conclusions
Rates - Rates are dropping constantly.
Space for capacity - No capacity issues or issues with space.
Space for equipment - No issues with equipment.
North America → Turkey
Conclusions
Rates - Stable rates over the last week.
Space for capacity - Some intermodal terminals are heavily congested. However, there is no major capacity or space issue.
Space for equipment - Equipment issues have started owing to low levels of import.
|
Port |
Vessels Waiting |
Average Wait for the Berth |
Rail Backlog |
Notes |
U.S WEST COAST |
LOS ANGELES |
0 |
2 Days |
7 Days |
Currently there is no issue in LB/LA ports. |
OAKLAND |
2 |
6 Days |
18 Days |
High volume of imports causing vessel berthing delays. |
|
SEATTLE |
0 |
1 Days |
10 Days |
Rail backlog increased. |
|
CANADA |
VANCOUVER |
1 |
19 Days |
7 Days |
Currently 1 vessel at berth, Maersk vessel has priority to enter berth. |
PRINCE RUPERT |
0 |
2 Days |
11 Days |
Yard utilization remains high but has come down to 90% |
|
U.S EAST COAST / GULF |
NEW YORK |
4 |
2 Days |
3 Days |
Stable as last week. |
BALTIMORE |
0 |
2 Days |
3 Days |
No vessel waiting at anchorage. |
|
NORFOLK |
3 |
3 Days |
3 Days |
3 vessels waiting for a berth. Last week no vessel was waiting. |
|
CHARLESTON |
3 |
1 Day |
5 Days |
Waiting vessel number improved to 3. |
|
SAVANNAH |
12 |
9 Days |
11 Days |
Savannah’s berth congestion is improving with 12. |
|
HOUSTON |
11 |
11 Days |
6 Days |
Vessels in Houston at anchor increased slightly to 11. |
Terminal Updates
US Domestic Trucking Market Trends
Final Thoughts
With the given updates, we can safely conclude that the market is faring well with a sufficient supply of equipment and capacity.
Some areas have been badly affected due to the rise of COVID and inclement weather. It is mostly witnessed in China and Korea. There is also the added burden of the special days and the break after New Year when workers don’t arrive at work.
This has resulted in various congestion and increased waiting times for vessels. We can hope to get back on track after the first week of January. It is best to make informed decisions and choose ports that are open and without space or equipment issues. It will help you import or export without the hassle and through sufficient manpower.
We can expect a steady and consistent increase in the market owing to these trends which are bound to change in the upcoming days. With that being said, we are grateful that you perused our newsletter till the end. Be sure to subscribe to us and stay notified about the latest weekly market updates.