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Congestion has led to a 300% increase in blank flights and an increase in delays in surrounding ports; Freight rates continue to soar

2021-06-23

The congestion of Yantian Port has extended to the surrounding ports. Due to the cancellation of a large number of ships' attachment to the severely congested Yantian port, it has brought a serious burden to the surrounding ports - the delays of Nansha port and Shekou port continue to increase.

Affected by the congestion of Yantian port, the number of blank flights increased by 300% in the first half of June, and container freight continued to soar to an unprecedented level.

Project44 analysts said that from June 1 to 15, the global container liner stopped 298 voyages, with a total capacity of more than 3million TEU, which means that the number of discontinued voyages within one month increased by 300%. Although not all air navigation is caused by Yantian international container terminal, its impact is obvious.

Josh Brazil, vice president of marketing of project44, said: "although Yantian port is the epicenter of the accident, these figures have brought trouble to the entire shipping industry, especially those companies that rely on these routes. Even freight that is not directly affected by the situation in Yantian will be implicated because operators adjust their networks to avoid congestion."

Josh Brazil said that as of June 24, the number of blank voyages was still rising, and then it would decline, depending on the continued control of the epidemic in the port and South China.

Maersk said that as of June 21, the density of Nansha parking lot has reached 100%, and it is expected that the ships in Nansha port will continue to be delayed for 4-5 days in the next week. Nansha only accepts export containers loaded seven days before the estimated arrival time of the vessel, and only accepts them when the terminal confirms the advance booking of the truck transport company. The supply of 40 foot containers in Yantian and Shekou is still tight. Maersk recommends that customers use 20 foot containers instead.

Shekou port, including Chiwan container terminal, Mawan container terminal and Shekou Container Terminal, has tightened regulations to accept only locks loaded with export goods within 4 days before the estimated arrival time of ships.



Affected by the congestion of Yantian port, the number of blank flights increased by 300% in the first half of June, and container freight continued to soar to an unprecedented level.

Project44 analysts said that from June 1 to 15, the global container liner stopped 298 voyages, with a total capacity of more than 3million TEU, which means that the number of discontinued voyages within one month increased by 300%. Although not all air navigation is caused by Yantian international container terminal, its impact is obvious.

Josh Brazil, vice president of marketing of project44, said: "although Yantian port is the epicenter of the accident, these figures have brought trouble to the entire shipping industry, especially those companies that rely on these routes. Even freight that is not directly affected by the situation in Yantian will be implicated because operators adjust their networks to avoid congestion."

Josh Brazil said that as of June 24, the number of blank voyages was still rising, and then it would decline, depending on the continued control of the epidemic in the port and South China.

Maersk said that as of June 21, the density of Nansha parking lot has reached 100%, and it is expected that the ships in Nansha port will continue to be delayed for 4-5 days in the next week. Nansha only accepts export containers loaded seven days before the estimated arrival time of the vessel, and only accepts them when the terminal confirms the advance booking of the truck transport company. The supply of 40 foot containers in Yantian and Shekou is still tight. Maersk recommends that customers use 20 foot containers instead.

Shekou port, including Chiwan container terminal, Mawan container terminal and Shekou Container Terminal, has tightened regulations to accept only locks loaded with export goods within 4 days before the estimated arrival time of ships.


Congestion in South China has led to congestion surcharges imposed by shipping companies, and FAK and premium continue to rise. In the week ended June 18, s&p global Platts said that the premium service charge for goods from North Asia to the Pacific coast of the United States was $9000-10000 /feu. The freight rate to the Atlantic coast of the United States (Transatlantic to the east of the United States) is much higher than that to the Pacific Ocean. All premium booking prices are more than $15000 /feu, but the source said that the freight rate is close to $18000 to $20000 /feu. "Premiums are approaching FAK rates for March and April," said a North American shipper The inland container circulation at the destination port is slow, the number of empty containers increases, and the freight rate rises further. Even the premium service can not guarantee the shipping space. It is recommended to book the space four weeks in advance.

Asia America (trans Pacific route): the West / east coast of North America is short of shipping space; Due to port congestion, shipping delays, capacity imbalances, inland transport delays, and the continued strong demand for imports in the Americas, many shipping companies announced that they would increase and levy gri and PSS in July; It is inevitable that freight rates will rise further in July. It should be noted that: due to port congestion, the transport capacity is in short supply, and the turning pressure of empty containers increases; The shipping company is limited to goods at inland points.

Asia Europe route: the European and Mediterranean markets have strong demand, and the shipping space is very tight. The SCFI index of the European route has risen steadily, and the freight rate has reached a record high; Due to the epidemic prevention and control measures in South China, the operation process of the wharf has been tightened and the operation is slow; The ships have canceled their attachment to Yantian wharf one after another, and some goods have chosen to go north to ship from East China. The shortage of containers in the East China market will further intensify in the next few weeks. Freight rates will continue to rise.

This part is from the shipping network



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