The estimated additional days in transit for the average shipment in December 2021 can be compared to an ad-valorem tariff of 0.9 to 3.1 percent. Do you have any other free tools apart from port congestion/port delay? 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. Monthly Port Congestion Report - Europe. 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). In a report on Thursday (June 2), industry news provider The Maritime Executive (TME) said while there were signs of improvements, data from research and analysis firm Sea-Intelligence continued to show persistent scheduled delays with as many as one in 10 container ships . For instance,USPS increased its rates earlier than ever before.At the end of the day, shipping costs are still the number one expense most eCommerce retailers need to keep down to maintain a smooth operation. The cookies is used to store the user consent for the cookies in the category "Necessary". 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. The supply chains have yet to recover or cope with its impact. COVID outbreaks in China and Vietnam further strain the backlog. It also has more than 4000 reefer connections. Westports, being one of the key transhipment ports in the region, could still be punching below its weighting amidst the ports congestion. It handles imports of mainly petroleum goods, iron, steel and sugar and rice. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. In this same page, scroll above and enter a port name under the option Search your preferred port. With Maersk, the largest container ship operator in the world, owning a 30 percent stake in PTP, we believe it will ensure that PTP will remain as its regional transshipment hub, ensuring sustainability of TEUs volume, said MIDF Research. But as of the beginning of January, there over 100 container ships waiting for a berth off the coast of the LA-Long Beach gateway or slow-steaming en route. Port Congestion: Terminal congestion, especially in North America and Europe, is continuing to adversely affect schedule reliability. A recurring problem since the pandemic is that the system does not have time to recover before the next shock hits. Some are doing better than others. There has been improvement in a few micro situations where very targeted efforts to alleviate certain aspects of supply chain bottlenecks were made. Of the nation's ten busiest ports by volume, it is estimated that at least seven face congestion regularly. A naturally protected harbour operated by the Johor Port Authority, it witnessed significant growth since its opening in 1999. We shed light on these issues leveraging a unique data set on maritime transport. It is also the largest palm oil producer, and subsequently the owner of the worlds biggest palm oil terminal. The causes are varied and complex labor disruptions, cargo surges from big ships, infrastructure needs, marine terminal productivity, and equipment shortages, among other reasons. Remark: Numbers are dynamic and subject to change. GoComet Freight Index GoComet freight shipping calculator helps to calculate ocean & sea container shipping rates instantly. 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. It remains unprepared today. West Africa: Overall demand is strong pre-Lunar New Year and capacity remains tight especially into the Northern range of Africa. 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. And while people often look to inventory first, this is not the only solution. A naturally well-sheltered port, it is also a transhipment hub for Brunei, Sarawak and Sabah regions. COVID-19 flareups challenge Greater China supply chains. More than 220 million tonnes of cargo was handled at this port in 2018. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. PUTRAJAYA, April 21 Containers held at Port Klang must be inspected and released within three days if there were no issues or need for further inspection. 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. 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. Live Worldwide Port Congestion Search our database for live data on port congestion across the globe Need access to our entire database? The port congestion has been triggered by the imbalance in the EastWest seaborne trade as economies in the West are reopening faster than in the East. Your email address will not be published. What changed, very simply, was COVID. We translate this to projection of five percent year-on-year growth to 11.01 million TEUs, MIDF Research added. The IMF Press Center is a password-protected site for working journalists. Bernama, Transport Minister Datuk Seri Wee Ka Siong speaks at a press conference after chairing the National Logistics Task Force meeting in Putrajaya, April 21, 2022. The Ports container handling facilities are divided between Westport and Northport. What does the various color schemes in the live data indicate? We would like to be able say that we see signs of the log jam breaking. Among the issues, the long delays that port congestion may have caused in delivering goods to consumers and firms have been gathering increasing attention. In attendance were the Federation of Malaysian Manufacturers Sabah Branch, Federation of Sabah Industries, Kota Kinabalu Chinese Chambers of Commerce and Industry, Sabah Shipping Agents Association, Sabah Logistics and Freight Forwarders and Kota Kinabalu Container Haulier Association. With live updates on the exact location and movement of shipments via advanced track and trace technology, companies will be able to address possible bottlenecks and optimize shipment planning. Sign up to receive free e-mail notices when new series and/or country items are posted on the IMF website. 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. Here's what you can expect from our newsletters: *Maritime Fairtrade newsletter is 100% free, and you can always unsubscribe with one click. See here for a complete list of exchanges and delays. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. In case we do see low utilization on vessels, we will use the opportunity to recover schedules (e.g. Heard on: President Joe Biden addressed was at the Port of Los Angeles on Friday. And customers throughout the country experience shipment delays lasting weeks. Sailing will resume in Week 7. 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. The result is chronic gridlock at many ports. . Since mid-December, Malaysia has been experiencing unusually heavy rainfall resulting in nationwide floods. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. A specially designed information technology system offering real-time container tracking and automated scanning has increased the ports productivity manifold. Labor shortages The cookie is used to store the user consent for the cookies in the category "Analytics". It handles imports of steel coils, rods, wires, billets, fruits, grains, machine equipment etc. But you cant flick a switch and get new capacity back on. Labor After two years, experts agree that there isnt an end in sight: Port congestion is still very much with us. At the onset of production, it is essential to keep track of the inventories dimensions. Shipping capacity was quickly exhausted at the start of the pandemic because everyone planned for a big decline in demand but in fact there was a surge because people wanted to buy things. The port congestion has been triggered by the imbalance in the East-West seaborne trade as economies in the West are reopening faster than in the East. Value Added Services (ECO delivery, Flex Hub, Maersk Accelerate, Sales on water) are available for customers' choice and can be discussed in ocean contracts negotiations. 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. Our delay calculation logic takes into account the time spent by vessels in proximity to the port (ideally, anchorages or queues) and the time taken by the container to gate-out (be cleared) from the port once the vessel arrives at the port to build real on-ground delays. In regards to vessels having to wait up to three to 10 days for berth space, SPSB informs that the company adopts a windows berthing system which is used by ports across the world. 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. Trucks wait to load containers at Yangshan Deepwater Port on April 27, 2022 in Shanghai, China. AmInvestment Bank projects Westports container volume to grow by a stronger five percent in 2022 from a mere two percent this year. You have now signed up for newsletters. Port Congestion in 2022: Whats Happening and How is it Affecting Businesses? Kasim said PDRM will also take action to disperse congestion by activating the SmartLane route at several locations on the North-South Expressway through collaboration with PLUS Bhd. The midpoint of this range is approximately equal, in absolute value, to the global applied tariff reduction achieved over the 14-year period from 2003 to 2017. No blanking plan for Latin America after Lunar New Year, so capacity is expected to remain unchanged. Strong agricultural demand in Australia continues to expand and is expected to do so for the remainder of Q1-2 as grain exports continue and a large cotton crop is expected. More than 5000 vessels frequent this port every year. For details of the latest operational constraints click here: Operational constraints in key regions | Maersk. We will continue to seek ways to improve reliability and service levels. What Do I Need To Know About the Upcoming SEC Regulations on GHG Emissions and How Might It Affect My Companys Operations? 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. 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. * Preparations continue for Lunar New Year with export space open for exports to Greater China Area. The industry leader for online information for tax, accounting and finance professionals. You will find the live port congestion data for that particular port. This cookie is set by GDPR Cookie Consent plugin. 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. Global ports were struggling to keep up with the influx of orders even before the pandemic. Most of the container ports in Malaysia are showing positive year-on-year throughput growth this year and the positive momentum will continue into 2022, said Syed Muhammed Kifni Syed Kamaruddin, an analyst at MIDF Research, in an interview with Maritime Fairtrade. 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. Wee said the implementation of the second phase will first be implemented in Peninsular Malaysia. Health GoComets port congestion tracker analyzes more than 45000 containerized shipments per month at major ports across US, EU, EMEA and SEA regions. We also use third-party cookies that help us analyze and understand how you use this website. The system did not have a chance to recover from the six-day Suez closure in March 2021 or the shutdown of the Yantian port in South China in the spring, one of the largest marine terminals in the world. While more vessels could be added to the global fleet next year, this does not mean that freight rates will drop broadly as it depends on how ship carriers allocate increased vessel capacities, he told the S&P Global Platts Bunker and Shipping Summit. 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. With the rise in risks of a global recession and slowing global demand, we can expect European ports to maintain . In today’s globalized world, logistics management plays a crucial role in the success of businesses engaged in international trade. How does GoComets Port Congestion tool help in supply chain visibility? However, it is pleased to inform that all backlogs have been cleared and SBCP manpower are operating at an optimal level. Container shipping: Supply chains will remain disrupted well into 2022. Listen (2 min) South Carolina's Port of Charleston says a backup there could take six weeks to clear. This puts further constraints on sailing schedules, capacity, and . The pandemic has disrupted the logistics industry on such a massive scale. Merchandise exports continued to record moderate expansion in . DHL Ocean Freight Market Update Outlook 2022-2024 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. Supply shocks This cookie is set by GDPR Cookie Consent plugin. What are the formats in which I would be able to export port delay reports? Global manufacturing showed signs of firming in December according to global Purchasing Managers Index (PMI) figures released in January indicating that manufacturing sentiment remained upbeat in the fourth quarter despite a raft of challenges including delivery delays and the continuing threat from COVID-19. Use the free Adobe Acrobat Reader to view this PDF file. In general, the export price recorded a relatively flat trend pattern. However, in its wake lies the incredibly challenging global supply chain crisis issue. However, Robert Swinney, operations professor of the Fuqua School of Business, believes the most operations should focus on developing resiliency strategies moving forward: Companies need to reevaluate their disruption-mitigation strategies and be prepared to invest more in resilience, he said. In. Some headlines over the past couple of weeks have said, The supply chain crisis is easing. As 2022 begins, we do not see the evidence for that, at least not in terms of fluidity of container flows. In order to get custom post congestion reports for your team or customers, you can click here and contact our solutions expert. Your email address will not be published. Now port congestion and delays are back and could be around for a while. Resize. Yes, you can. The Container Terminal has achieved commendable growth with a current container handling capacity of more than 2 million TEUs. The views constitute only the opinions and do not constitute any guidelines or recommendations on any course of action to be followed by the reader. 2020 saw the perfect storm. Similarly, Aaron Alpeter, founder of Izba Consulting, a supply chain consulting, outsourcing, and technology firm, believes that companies will spend more resources for restructuring. 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. . The cookie is used to store the user consent for the cookies in the category "Performance". We will get in touch with you. The global supply chain is a complex system, and so is the current crisis. Download now If we cant integrate well, a delay of a day or two will result in a loss in terms of production, he said. Johor port is situated at the southern tip of the Malaysian Peninsula, near Johor strait. SINGAPORE, June 16 (Reuters) - Global port congestion is set to continue until at least early 2023 and keep spot freight rates elevated, logistics executives said on . The shortage caused many vessels to miss their connective route and had to reschedule calls to a later date. Stay ahead of the curve with valuable supply chain trends sent directly to your inbox. It wont be until 2023 and beyond before we see a more stable situation: Theres a lot of fundamental restructuring going on as a result of the pandemic-induced demand shifts and geopolitics that we are probably 12 to 18 months away from being in a new steady-state,. 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. 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. The Penang Port Commission, responsible for port operations and management also operates a ferry terminal that connects the Penang island to mainland Malaysia. How do I use GoComets Port Congestion tool for free? Youll need to partner with logistics experts that can help you at every turn. Jan. 28, 2022 2:12 pm ET. Wee said the SOP was designed to enhance coordination between agencies such as the Royal Malaysian Customs Department (JKDM) and the Malaysian Quarantine and Inspection Services Department (MAQIS) for container management. Rainbow Warrior: On a mission to rid world of plastic waste. 2022 January (English) PDF (2805KB) Maersk Asia Pacific market update - 2022 January (Chinese) Take the time to negotiate with the shipping companies to get the best prices. 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. Diego A. Cerdeiro 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. These cookies will be stored in your browser only with your consent. What is the accuracy of GoComet's port delay data? It may take a lot of effort, emails, and phone calls, but the diligence is well worth it. Xi Jinping scores another own goal, further damages Chinas reputation, and aggravates confrontation. Non-mainlane East-West routes such as South Asia-Mediterranean accounted for 12.9%. It is also a transhipment hub of the Asian region and a preferred point of entry into the South East Asian Market. Strikes in Germany, especially at Bremerhaven, Hamburg and Wilhelmshaven, have exacerbated the disruption caused by vessel delays. Is Malaysia ready for IMO decarbonization goals? 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 surge of Covid-19 cases among port workers. As vessels are on a connective route, any delays occurring at a previous port of disembarkation will affect arrival time thus leading to missed berthing allocation. Its location amidst the industrial region of Klang makes it pivotal for the national economy. With your permission we and our partners may use precise geolocation data and . Labuan has 5 privately owned wharves handling specific cargoes. These have also highlighted issues with port congestion. For example, US intermodal rail off the West Coast has seen substantial improvement due to the railroads simply accepting fewer container shipments. No congestion, Sepanggar Bay Container Port operating efficiently, Sabah PH reps support limiting CMs term to two terms. How do I sign up for GoComets free Port Congestion tool? Since it is located near the LNG manufacturing plants, about 76% of the cargo handled at this port comprises liquid bulk. Slide sailings may continue if port omissions and changes in rotations are not able to mitigate increased waiting times. Another container handling facility spanning 40 hectares is being constructed along with a 25-hectare container storage yard. In Shenzhen, there are gate entry restrictions at the citys Shekou terminal as health officials carry out testing after cases in Shenzhen. This measure is based on the additional time that ships need to complete a trip between the same origin and destination ports compared to the pre-pandemic baseline. In 2021, around 40% of total containerized trade was on the main East-West routes - between Asia, Europe and the United States. Retailers would still need to deal with congestions and price hikes. Apart from a 70 percent equity in Port Tanjung Pelepas (PTP), MMC Corp also owns Johor Port Northport (Malaysia), Penang Port and Tanjung Bruas. Now you can sign up as a new user either using your company email ID or your Google account. What Is the Difference Between Marine Recovery, BAF, Bunker, Fuel, and Low Sulphur Surcharge? Median delay indicates the average number of days your shipment could be delayed due to port congestion. But supply chain congestion isn't going away soon. These cookies track visitors across websites and collect information to provide customized ads. Prolonged port delays can disrupt production cycles, thus causing an impact on the delivery schedules. SPSB had taken a further step to assist the industry by waiving Late Gate In charges and Re-planning fee for users.. Kuantans annual handling capacity is around 600,000 TEU and in 2018 its total annual cargo throughput stood at 26 million tonnes. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". New disruptions such as COVID manufacturing and port closures in China ahead of the approaching Chinese New Year and winter Olympics could further disrupt the system and further delay a return to normal container flow. 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. 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. It is an important regional port serving mainly the oil and gas industries. PETALING JAYA: The boss of Mydin hypermarkets has questioned why importers were . 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. More than 60% of cargo that passes through this port is dry bulk including ores and minerals such as Bauxite. ; We and our partners store and/or access information on a device, such as cookies and process personal data, such as unique identifiers and standard information sent by a device for personalised ads and content, ad and content measurement, and audience insights, as well as to develop and improve products. Neither terminal operators nor ocean carriers have advised when operations will return to normal. 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.
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