keo nha cai dua ra toi nayNews Highlights week: 37 - 2023

Los Angeles/Long Beach, New York/New Jersey, Savannah, Rotterdam, Antwerp-Bruges and Hamburg reported volume reductions of between 5% and 25% in January-June. At keo nha cai dua ra toi nay lower end, Antwerp-Bruge’s 5% drop was artificially boosted by its merger with Zeebrugge in 2022 and would otherwise have been even more severe, while keo nha cai dua ra toi nay three US ports recorded keo nha cai dua ra toi nay biggest declines, a clear reflection of keo nha cai dua ra toi nay economic downturn since keo nha cai dua ra toi nay pandemic.

Los Angeles/Long Beach saw a net loss of 2.6 Mteu in traffic versus keo nha cai dua ra toi nay same period in 2022, or a 25% fall in volumes. It remains to be seen if keo nha cai dua ra toi nay recent signing of a new labour agreement for west coast dockworkers can help keo nha cai dua ra toi nay port claw back some of keo nha cai dua ra toi nay business lost to east coast ports over keo nha cai dua ra toi nay past two years in what is clearly a difficult economic environment. US east coast ports also logged severe declines, with New York/New Jersey reporting a 24% drop in traffic versus a year ago, and Savannah an 18% decline.
China reports very strong first half of keo nha cai dua ra toi nay year. Despite recent export softness, China reported a very strong half year: total volumes processed across keo nha cai dua ra toi nay country’s ports reached 149.2 Mteu, a rise of 4.8%. Shanghai posted an impressive 5.3% year-on-year increase despite a poor performance in keo nha cai dua ra toi nay first quarter following congestion and COVID-related issues.
Chinese throughput may not hold up, however, with export data showing rapidly declining figures. keo nha cai dua ra toi nay country reported its lowest export figures in more than three years in July, although keo nha cai dua ra toi nay decline slowed in August.
Mid-size Asian ports did not perform as well: Kaohsiung and Laem Chabang both reported a drop in traffic in H1, at a rate of –11.2% and –4.8% respectively.

By contrast, Port Klang, which has yet to report half-year figures, predicted it would increase volumes by just over 2% over keo nha cai dua ra toi nay full year to 13.5 Mteu, regaining some of keo nha cai dua ra toi nay 500,000 teu lost in 2022.
Mundra and Dubai rise in keo nha cai dua ra toi nay rankings. In keo nha cai dua ra toi nay Middle East/Indian sub continent, both India’s major ports recorded traffic increases, but Mundra eased further ahead of Nhava Sheva, handling 355,000 teu more than its rival, and consolidating its lead since surpassing its competitor in 2020.
Dubai overtook Rotterdam in keo nha cai dua ra toi nay rankings on keo nha cai dua ra toi nay back of a modest 1.1% increase in throughput to 7.1 Mteu. Rotterdam volumes fell more than 8% in keo nha cai dua ra toi nay same period.
keo nha cai dua ra toi nay Middle East port could potentially overtake Hong Kong in keo nha cai dua ra toi nay rankings in future, as keo nha cai dua ra toi nay latter appears on course to drop out of keo nha cai dua ra toi nay top 10 for keo nha cai dua ra toi nay first time either this year or next following six consecutive years of volume declines.
Hapag-Lloyd blanks twelve Asia-Europe sailings
Following keo nha cai dua ra toi nay example of MSC and Maersk, Hapag-Lloyd has also announced capacity adjustments to its network.
keo nha cai dua ra toi nay German carrier cites forecasted reductions in demand as reasons for keo nha cai dua ra toi nay cuts, especially keo nha cai dua ra toi nay upcoming Golden Week Holidays in China, which will fall into keo nha cai dua ra toi nay first week of October.

Twelve sailings from Far East are cancelled in weeks 39 to 43, seven of which to North Europe and keo nha cai dua ra toi nay five to keo nha cai dua ra toi nay Mediterranean.
Most of these sailings concern voyages of keo nha cai dua ra toi nay Alliance, but Hapag Lloyd also confirmed a voided sailing in week 39 from Qingdao on its ‘FE9’ loop. Hapag-Lloyd offers this connection through a slot charter on keo nha cai dua ra toi nay OCEAN Alliance’s fifth Asia – North Europe loop, operated by CMA CGM as ‘FAL3’.
Spot ocean freight rates from Shanghai to North Europe took another 7% hit last week, according to keo nha cai dua ra toi nay Shanghai Containerized Freight Index (SCFI). Rates were down to USD 1,428/feu. Shanghai to West Med rates maintained a notably higher level at USD 2,612/feu, but were also down 4.1% week-on-week.