USA – market update

WEST COAST

  • Currently a 4-week gap in sailings – there has just been a sailing on the 26th of May which was heavily overbooked. Every second sailing continues to omit N.Z. Bookings are continuously cancelled, not rolled, which means the entire booking process needs to be started again. Pre-booking for space is not a safe option.
  • All direct shipping lines remain heavily overbooked with anything from 2-6 weeks out, depending on carrier.
  • Transhipment shipping lines are intermittently accepting bookings, but also overbooked and continually close or cancel bookings due to congestion at origin and at transhipment ports.
  • Truckers remain heavily overbooked: many not accepting bookings for over two weeks.
  • Currently 19-21 container ships at anchor of Long Beach; average wait time for berth space currently 6.1 days.
  • Sourcing of both chassis and empty containers for export is extremely difficult – in some location’s equipment is non-existent.  
  • California ports hit record volumes for April, predominantly import cargo, with the downside being continued weak export levels.
  • Port of Los Angeles is predicting improvements with reduction in back logs / delays – we are not seeing this yet.

EAST COAST

  •  All direct shipping lines, including CMA are advising they are over-booked by 4-6 weeks.
  •  Bookings are continuously cancelled, not rolled, which means the entire booking process needs to be started again. Pre-booking for space is not a safe option.
  • Shipping lines have implemented a new rule that they will not book more than six weeks out.
  • Truckers remain heavily overbooked, and this is further impacted by vessel cut-off dates continuously changing. Important to note that the trucker situation makes it near impossible to book with any Maersk Spot rates even if they are available, as they have filed a USD 500 roll/cancellation fee if the booking is not used OR the container is not gated at ramp/port for the booked sailing.
  •  Major equipment deficit advised at many inland ramps / depots. Ohio, Kansas and Tennessee are advised as worst case, most truckers will not accept any bookings from / to Memphis/Nashville rail ramps.
  •  Sourcing of both chassis and empty containers for export is extremely difficult – in some location’s equipment is non-existent.  

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