From worsening port congestion, to the Long Beach Container Terminal expansion, to the Port of Ningbo’s phased reopening, to post-Brexit trade imbalances, to DFW Airport’s new infrastructure plans, it’s time for The Weekly Roar.
Increasing port congestion at Asian and North European terminals on both sides of the tradelane is quickly diminishing any remaining hopes of seeing a recovery in global carrier schedule reliability any time soon. According to The Loadstar, “Asia-North Europe loops with a pro-forma round-trip transit time of around 75 days are now taking 100 or more, with carriers obliged to juggle schedules at the last minute.”
Trans-Pacific carriers, on the other hand, can look forward to experiencing a little relief in the form of the long-awaited Long Beach Container Terminal (LBCT) expansion. After 10 years in the making, “the project, which will increase the fully automated LBCT’s annual capacity by more than 40 percent to almost 3.4 million TEU, features a third berth that will accommodate vessels up to 24,000 TEU, expansion of the on-dock railyard, and the opening of a second truck gate,” according to JOC.
As for the situation developing at the Port of Ningbo, it seems that things haven’t escalated quite as much as industry insiders were expecting. Based on project44’s latest data, “there were 41 vessels at anchor waiting for a berth Tuesday morning and the average number of weekly port calls to Ningbo fell 22% from nearly 188 container vessels to 146 last week, but the total nominal vessel capacity calling the port only dropped 7.8% to 572,052 twenty-foot equivalent units.”
Also, post-Brexit trade imbalances are making an appearance again with British exporters getting the worst of increased border checks while other trade partners continue to enjoy a 12-month transition period. And shippers looking to get away from all the ocean shipping chaos may be happy to hear of Dallas/Fort Worth International Airport’s (DFW) plans to turn itself “into a key gateway airport, both for the U.S.-bound cargo and for the intercontinental cargo flows,” according to The STAT Trade Times.
Compliments of Jaguar Freight – a member of the EACCNY.