Asia Pacific Market Update - June 2021

To cope with the everchanging landscape of the supply chain and industry wide disruptions, Hamburg Sud Asia Pacific is by your side to provide you with relevant information for your decision making when moving cargo from the countries in Asia Pacific around the globe.

We hope that with the right information we can help you navigate through the current obstacles and focus on opportunities in your business.

- Yantian , South China : The recent flare up in Covid 19 cases in the area and subsequent contingency measures have negatively impacted equipment availability and scheduling. The productivity in Yantian International Container Terminal (YICT) has resumed to full operation as of 24/June. Many vessels have had to omit Yantian and or make diverting calls in nearby ports such as Shekou , Nansha and Hong Kong. As such, the congestion has spread, increased berth waiting times and restricted laden gate in.
The accumulation of delays is having a wider effect forvoyages to most global destinations and empty equipment repositioning. Landside congestion has eased, but we recommend that all trucking services into Yantian Shekou and Nansha are reserved in advance ; the acceptance of export laden containers is still limited.
Customers could consider switching export containers to other ports in the coming weeks and use 20 foot containers to substitute the shortage of 40’foot containers when possible. Hamburg Sud local offices can advise and work with you on alternatives.

- Hamburg Sud as part of the Maersk Group is tripling the number of dry containers in our fleet during 2021 ; during quarter 3 we will begin to see the influx. Strong demand, production bottlenecks and lockdowns have led to congestion across the supply chain infrastructure . Consequently , containers have stayed longer in ports or onboard ships, which has reduced the effective number of containers in active circulation.

-We are excited that TradeLens is now available in China, through collaboration with China Unicom Digital Tech. TradeLens is a neutral and secure digital platform that aims to replace manual and paper based documents with secure blockchain enabled digital solutions. It is supported by Maersk together with other major shipping industry players across the Globe.

Ocean Freight will be an ongoing challenge

We expect strong export demand from Asia to continue in Q3 and vessels to be highly utilized, which will continue to put pressure on space allocation. We will continue to focus on how we can improve equipment and schedule reliability; our local Sales teams are...

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