In pre- COVID times over many years, that number was much lessactually zero. 2022 January (English) PDF (2805KB) Maersk Asia Pacific market update - 2022 January (Chinese) EU three-week average price of European bananas at 97 per 100 kgs in last week of 2022. And while people often look to inventory first, this is not the only solution. This month, we share the latest trend before highlighting current challenges, and we also explain Maersks latest solutions to help you keep cargo moving. Port Congestion Finally Clears Up. It is an important maritime gateway for the country as it lies in the industrial region of Pasir Gudang which houses major industries like engineering, petrochemicals, electrical goods, furniture and packaged food. GoComet platforms real-time container tracking. You can check real-time cost, price, rates and more with our international freight shipping calculator. The terminal has 3 berths capable of accommodating ships weighing more than 100,000 DWT and a storage space spanning 70,000 sq m for keeping containers. It also has more than 4000 reefer connections. This cookie is set by GDPR Cookie Consent plugin. Retailers must vet their potential carrier firms before doing business with them. It would be a wrong to assume that the port plays a main role in determining logistics cost when there are many factors beyond the control of the port., In response to the port congestion, Ng said: February was a challenging month for SBCP as we were experiencing shortage of staff due to the pandemic. In the near term, I expect companies to exhibit renewed vigor in applying resilience measures including sourcing from multiple suppliers in diverse locations, having some excess or backup capacity that can be brought online quickly, and holding inventory as safety stock. After a turbulent 2022, European ports are finally seeing stability when it comes to port congestion. 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%. Is Malaysia ready for IMO decarbonization goals? This cookie is set by GDPR Cookie Consent plugin. For example, US intermodal rail off the West Coast has seen substantial improvement due to the railroads simply accepting fewer container shipments. Its Group Managing Director, Datuk Ng Kiat Min, said SPSB deeply regrets the comments made by the associations and vehemently denies that higher logistics cost are attributable to inefficiencies at SBCP. "During the week of May 16, there was an average of 13 container vessels, equaling 100,000-plus waiting container capacity. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. By 2023, rates are expected to slowly stabilize but at far higher levels than pre-Covid periods. It handles imports of steel coils, rods, wires, billets, fruits, grains, machine equipment etc. These berthing facilities span more than 3500 m. Due to the increased cargo and container traffic witnessed at the port, it is undergoing expansion to accommodate the biggest carriers at some of its berths. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management. . 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. Stay up-to-date on freight news with Greens Weekly Freight Market report by following us onFacebook,Twitter, andLinkedIn. Qingdao, Nansha, Xiamen, Lyttelton, Tauranga, Singapore, Tanjung Pelepas, Busan, Shanghai, Ningbo, Shekou, Yantian, Port Klang, Hong Kong, Balboa, Lazaro Cardenas, Buenaventura, Santos, Itajai, Tin Can, Antwerp, Bremerhaven, Rotterdam, Newark, Savannah, Baltimore, Miami, Tema, Felixstowe, Long Beach, Los Angeles, Oakland, Vancouver, Seattle, Prince Rupert, Charleston, Houston, Apapa, Onne, Durban, Cape Town, Dar Es Salaam, Maersk Asia Pacific market update - 2022 January (English), Maersk Asia Pacific market update - 2022 January (Chinese). This situation has caused yard congestion at the ports due to higher dwell time for containers. National accounts 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. The pandemic is also impacting port operations in the global wider Maersk network with Omicron particularly creating acute staff shortages at ports and terminals even through the facilities remain operational. Ships arrived, berthed, loaded, and unloaded and were on their way. North American ports are not likely to improve soon, we suggest customers increase lead-time between ETA and actual departure. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Another dock is dedicated to methanol while there are two berths for handling wheat and cereals. More than 220 million tonnes of cargo was handled at this port in 2018. Do you have any other free tools apart from port congestion/port delay? 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. You will be able to export your reports in the following formats: What is GoComets Port Delay/ Port Congestion tool? What does the various color schemes in the live data indicate? As 2022 begins, the container shipping supply chain remains in the deepest crisis it has ever seen. These cookies ensure basic functionalities and security features of the website, anonymously. IMF WORKING PAPERS Supply Chains and Port Congestion Around the World INTERNATIONAL MONETARY FUND 7 This section describes the steps to derive our measure of port congestion. Heard on: President Joe Biden addressed was at the Port of Los Angeles on Friday. Due to the advantages of availability of land at affordable rates, infrastructural and technological developments prompted by a steadily growing economy, Malaysia might overtake the dominant port of Singapore in the future and handle the majority of Asias maritime cargo traffic. However, carriers are already hiking their prices. The prospects of the Malaysia's port sector remain healthy for the current year and 2022 with some ports expected to post encouraging growth. For five to seven years of e-commerce growth has been compressed into a single year. Keeping stakeholders informed about the changes in arrival timings, delays in transshipment, etc., became increasingly difficult due to a lack of reliable information on port delays and inefficiencies in tracking updates. SPSB had taken a further step to assist the industry by waiving Late Gate In charges and Re-planning fee for users.. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); 2010 - 2023 Marine Insight All Rights Reserved. Analytical cookies are used to understand how visitors interact with the website. Download the cold chain logistics brochure for fish & seafood deliveries all the way, Announcement of vessel name change on Southern Star service, A.P. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. You also have the option to opt-out of these cookies. For details of the latest operational constraints click here: Operational constraints in key regions | Maersk. The causes are varied and complex labor disruptions, cargo surges from big ships, infrastructure needs, marine terminal productivity, and equipment shortages, among other reasons. We at ZhenHub have decades of combined 3PL experience. . Flooding intensified over the weekend causing extreme damage throughout seven Malaysian states; The flooding is impacting all major ocean terminals in Malaysia. Its one part of a portfolio of solutions, and it needs to be used carefully and selectively in concert with other strategies.. How is Gocomets Port Congestion data generated? But frankly, we dont. The Philippines economy grew at a pace of 7.6% in 2022, the fastest rate of economic growth recorded by the Philippines since 1976. It's "no longer a case of going for three months or six months, one month, not even one year, but two to three years because we want certainty in cost and certainty in space," said Sundara. KUALA LUMPUR (Nov 11): Port Klang has the highest rollover percentage of 58.45% in 2021, an increase of 37.94% compared to 2020, according to transportation visibility platform project44.In a statement on Thursday (Nov 11), the firm said global supply chains had been facing several major disruptions in 2021 and port congestion is only one of them.It said vessel schedule disruptions with . But you cant flick a switch and get new capacity back on. Among the issues, the long delays that port congestion may have caused in delivering goods to consumers and firms have been gathering increasing attention. Effective logistics management is essentia India provides importers with ad hoc exemption on interest due to customs charges that were delayed due to a system failure. We had to wait previously because we gave no time limit to the container management process. In today’s globalized world, logistics management plays a crucial role in the success of businesses engaged in international trade. Dragon service to be blanked in Week 6 due to Lunar New Year holidays and to reset vessel schedule to offset accumulated waiting times at load and discharge ports. Sailing will resume in Week 7. We translate this to projection of five percent year-on-year growth to 11.01 million TEUs, MIDF Research added. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. From 1st January 2022 till present the quay cranes were utilised and there have been no incidence of only a single crane used to handle loading and unloading activities for multiple vessels. As a result, for example, US import container volumes in 2021 versus 2019 were up nearly 20%a far higher rate of growth during the pre-COVID decade. It does not store any personal data. Container shipping: Supply chains will remain disrupted well into 2022. For most businesses, recovering from this crisis would take years. However, despite this arrangement, it is inevitable for a vessel to be delayed due to various reasons. How do I sign up for GoComets free Port Congestion tool? The major export commodities include electrical goods, rubber, and packaged manufactured products. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. The Shell jetty for instance handles only petroleum while another wharf deals with iron ore shipments, capable of accommodating carriers weighing around 200,000 DWT. 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. With the acquisition of LF Logistics, we add critical capabilities in the Asia Pacific to support our customer's long-term growth in the Asia Pacific as well as capabilities and technology we can scale in our contract logistics business globally. 30 billion US dollars of goods are trapped, and 37.8% of the capacity is stranded! After two years marked by downturns in traffic at the Port of Montreal in connection with the disruption of international supply chains and the COVID-19 pandemic, the MPA is back on an upward trend in terms of cargo volumes handled in all sectors. "The locations are at the Port Dickson intersection to the Seremban intersection, North Senai intersection to the Kulai intersection, Gua Tempurung to Gopeng . Li & Fung owns 78.3% of LF Logistics with the remaining 21.7% held by Temasek Holdings, the Singapore governments investment vehicle. Neither terminal operators nor ocean carriers have advised when operations will return to normal. With the rise in risks of a global recession and slowing global demand, we can expect European ports to maintain . Email: hello@zhenhub.com, USA | China | Hong Kong | UK | Australia | Canada | France | Italy | Germany | Japan | Thailand | Philippines, Copyright ZhenHub 2022. FI4 service to the east coast of India sailed fortnightly in January and will resume weekly coverage from Feb. Covering more than 1000 acres and comprising its 24 berths, this multipurpose port deals with all kinds of cargoes through its numerous dry bulk, liquid bulk and container handling facilities. It remains unprepared today. Data from direct integration: Our API integration enables direct extraction of data from our system into your ERP or other data-management platforms in widely accepted JSON, XML, CSV and other formats. By. 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. In. REUTERS/Lucy Nicholson. Unwinding the disruption will take months. Kuantans annual handling capacity is around 600,000 TEU and in 2018 its total annual cargo throughput stood at 26 million tonnes. What Do I Need To Know About the Upcoming SEC Regulations on GHG Emissions and How Might It Affect My Companys Operations? 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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. You can search for your preferred route by entering the origin and destination port. The Ports container handling facilities are divided between Westport and Northport. 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Now you can sign up as a new user either using your company email ID or your Google account. Adding to this, a lack of visibility over space availability and changes in lead times complicate shipment planning. The world is facing plenty of uncertainties today. MIDF Research expects MMC Corp to record a three percent growth year-on-year in TEUs (twenty-foot equivalent unit) this year, which will be driven by a 10 percent year-on-year recovery of container throughput and conventional cargoes for the groups smaller ports including Penang Port and Johor Port in comparison to a contraction of 17 percent year-on-year in 2020. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Since it is located near the LNG manufacturing plants, about 76% of the cargo handled at this port comprises liquid bulk. Disclaimer:The authors views expressed in this article do not necessarily reflect the views of Marine Insight. These berths cover more than 500 m with a depth ranging between 5 to 10 m. Given the tremendous growth of this port, the government has planned an expansion project and a new wharf has already been constructed that can handle the biggest cargo ships. More than 5000 vessels frequent this port every year. We have also started to collect the post Lunar New Year pipeline and are taking Lunar New Year slack to push for schedule recovery by sliding. See here for a complete list of exchanges and delays. AE12 and AE15 are doing structurally port omissions to limit the impact of berthing delay. IMF Members' Quotas and Voting Power, and Board of Governors, IMF Regional Office for Asia and the Pacific, IMF Capacity Development Office in Thailand (CDOT), IMF Regional Office in Central America, Panama, and the Dominican Republic, High-Level Summary Technical Assistance Reports, Financial Sector Assessment Program (FSAP), Currency Composition of Official Foreign Exchange Reserves. The shortage caused many vessels to miss their connective route and had to reschedule calls to a later date. All Rights Reserved. You will find the live port congestion data for that particular port. The pandemic abruptly shifted consumer behaviors. Trucks wait to load containers at Yangshan Deepwater Port on April 27, 2022 in Shanghai, China. Exclusive news, data and analytics for financial market professionals, Reporting by Jeslyn Lerh; editing by Richard Pullin, JP Morgan to buy First Republic's assets and assume deposits, PNC, JPMorgan putting in final bids for First Republic Bank in FDIC auction, Oil drops as US rate hike concern, weak China data offset OPEC+ cuts, UBS looks to bring Naratil back and mulls Swiss bank spin-off, NZZ am Sonntag reports. It handles imports of mainly petroleum goods, iron, steel and sugar and rice. Spot chartering rates have held firm so far this year, with supply chain disruptions and port congestion affecting ships globally, particularly in the United States and China. The result has been to take significant capacity off the table. Supply chain issues have been an ongoing problem for years. In week 52, the three-week average wholesale prices of bananas from Latin America stood at 109/100 kgs . We meet customer needs from one end of the supply chain to the other. See here for a complete list of exchanges and delays. COVID-19 brought it out to the fore and into the international market spotlight. Carriers provide a discounted rate for bulk shipping orders. No blanking plan for Latin America after Lunar New Year, so capacity is expected to remain unchanged. Most of the container ports in Malaysia are showing positive year-on-year throughput growth this year. Here's what you can expect from our newsletters: *Maritime Fairtrade newsletter is 100% free, and you can always unsubscribe with one click. Infrastructure upgrading is therefore likely a necessary, but not sufficient condition for building resilience during a crisis where other factors (such as labor shortages) may also become binding. A naturally well-sheltered port, it is also a transhipment hub for Brunei, Sarawak and Sabah regions. This system ensures incoming scheduled vessels are provided berth space to minimize waiting time. 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. Xi Jinping scores another own goal, further damages Chinas reputation, and aggravates confrontation. Exacerbating the crisis in container supply chains is capacity. What Is the Difference Between Sustainability and ESG? Rainbow Warrior: On a mission to rid world of plastic waste. In Ningbo, transport and warehousing operations are operating normally after a cluster of cases in early January in the citys Beilun district led to extensive trucker delays as drivers had to undergo testing and quarantine before being allowed into Beiluns three container terminals. Due to the decreased frequency of vessels to East Malaysia, there was limited space for cargoes bound for Sabah thus explaining the delay of goods and increased logistics cost. Monthly Port Congestion Report - Europe. Health Between shutdowns and labor shortages, as well as the increase of eCommerce activity, it isnt difficult to see how the global supply chain was bound to struggle through the pandemic. Meanwhile, Wee said the implementation of the second phase of the prime mover shared use policy has been extended for semi-trailers to carry luton/box and general cargo, effective May 5, 2022. AmInvestment Bank projects Westports container volume to grow by a stronger five percent in 2022 from a mere two percent this year. Second, not all congestion appears related to increased demand. MIDF Research expects MMC Corporation Berhad (MMC Corp)s container throughput to recover this year, in line with the global growth recovery. New containers go into market by 2024, increasing overall capacity and improving schedule reliability. After two years, experts agree that there isnt an end in sight: Port congestion is still very much with us. Coastal Sustainability Alliance pushes maritime decarbonization goals, Tough but enjoyable life, says seafarer working on cruise ship, Seafarers rightly deserve long-overdue respect, Chinas spy balloon portends worsening geopolitical tension with free world, Key insights covering the maritime industry, News & key insights of the maritime industry, Expert analysis and opinions on corruption and more. Malaysia recalls . Overall demand has been impacted by the Lunar New Year holidays, but we expect levels to resume from Wk07. The industry leader for online information for tax, accounting and finance professionals. For Port of Tanjung Pelepas, we apply a more cautious assumption of similar performance to last year at 9.85m TEUs. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. DHL's Ocean Freight Market Outlook 2022-2024 report notes that carrier schedule reliability is now at an all-time low, with even the best performing carriers barely managing 45 percent 'on-time' performance and the worst falling below the 20 percent mark. Port congestion will continue well into 2022 from port closures on short notice due to local COVID-19 outbreaks. The author and Marine Insight do not claim it to be accurate nor accept any responsibility for the same. I would like to upgrade and want to get the Port Congestion subscription. GoComets port congestion tracker analyzes more than 45000 containerized shipments per month at major ports across US, EU, EMEA and SEA regions. Overpaying for your shipments, not anymore. 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. It is an important regional port serving mainly the oil and gas industries. In a statement on Tuesday, SPSB acknowledges that operational challenges emerged early February 2022 from the ripple effect of manpower shortages experienced at West Malaysian ports due to the. We shed light on these issues leveraging a unique data set on maritime . Tariffs Weitere. What changed, very simply, was COVID. It may take a lot of effort, emails, and phone calls, but the diligence is well worth it. How does GoComets Port Congestion tool help in supply chain visibility? We reckon this situation may recur even in next year if we are faced with more pandemic-induced lockdowns or controls. We are supply chain and logistics experts, and we can help you navigate through these trying times. GoComet Freight Index GoComet freight shipping calculator helps to calculate ocean & sea container shipping rates instantly. 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. Klang port deals with exports of commodities such as timber, automobiles, rubber, liquid bulk such as latex, palm and coconut oil, petroleum goods, fuel and containerised goods. Despite t Tinna Rubber and Infrastructure has established a specialized block train service for APM Terminals Pipavav, Maersk, and Pipavav Rail Corporation Ltd (PRCL). It is an important transhipment container facility that is linked with Singapore and Indonesia and is in close proximity to the international shipping routes of the Malacca Strait. COVID-19 flareups challenge Greater China supply chains. November 14, 2022. The port has 5 container terminals and 10 container berths spanning more than 1600 m. It has ample storage space covering more than 200,000 sq m. The breakbulk terminal comprises 4 dedicated berths while its 4 oil terminals handle refined oil, fuel and petroleum. Gap loaders have been deployed to cater to Ramadan. In Q1 we expect additional space to be available from Australia to New Zealand. Though the . Maersk will also enter into a strategic partnership with Hong Kong-headquartered trading company Li & Fung to develop logistics solutions, as part of the acquisition. Malaysia is the biggest exporter of LNG in the world and possesses the worlds first floating LNG facility. Maersk to further pursue 40' laden and empty containers back to Asia to support equipment supply in Asia. These cookies track visitors across websites and collect information to provide customized ads. Look up rates for new shipments and inland tariffs. 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. Its favourable geographical location made it the 18th busiest container facility in the world, as it handled around 9 million TEU in 2018. In this article, let us have a look at the 7 major ports in Malaysia. Take the time to negotiate with the shipping companies to get the best prices. Use the free Adobe Acrobat Reader to view this PDF file. According to AmInvestment Bank, seaports have not been able to realize their full potential due to the congestion at the ports which hurts efficiency. As vessels queue outside ports and turnaround times increase, it could be a real challenge to secure cargo space. Can I get port congestion data via direct integration? DHL Ocean Freight Market Update Outlook 2022-2024 Another reason is the longer turnaround time at seaports in the East due to various restrictions as the pandemic is still raging on in the East, the investment bank said. To mitigate the impact of missing sailings, we have called 4 gap loaders in Dec and 5 gap loaders in Jan to cover pre-Lunar New Year demand from customers. This cookie is set by GDPR Cookie Consent plugin. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. 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..