Supply Chain Logistics Solution: Combining Profitability and Cost Management, Port Botany closed due to bad weather conditions. 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. The Southeast Asia to West Coast North America freight was assessed at $4,500/FEU. By Margaret Bux. Discover more about S&P Globals offerings. A number of factors have contributed to the situation, including a pick-up in trade activity as coronavirus-related challenges start to ease, bottlenecks across the supply chain (depots, warehouses and seaports) due to renewed lockdowns and a severe lack of empty containers while full containers are held up in supply chain. This site uses cookies and other tracking technologies to assist with navigation and your ability to provide feedback, analyse your use of our products and services, assist with our promotional and marketing efforts, and provide content from third parties. Speak to us today to see how we can improve your business logistics, freight and customs related issues. 12/11/2021. Shipping lines union blame each other for West Coast port backups, US shipping lines announce congestion surcharge, US West and East Coast Shipping delays continue No hope in sight, General Rate Increase (GRI) United States West Coast to Australia and New Zealand, General Rate Increase (GRI) North East Asia to Australia effective from 15th November 2014, G20 summit Brisbane Delivery delays expected, Contingency plan for the mother vessel Xin Chiwan V.0140S, U.S. ports on-going congestion issues deepen, Vessel MV Xin Chi Wan V0140S collides with MV Bani Bhum at Hong Kong port, Tips on improving your 3PL warehouse productivity, Hyundai merchant marine to pull Southeast Asia Australia service, Congestion worsens at L.A.-Long Beach ports as holidays near, Christmas and New Year closure periods Deliveries, Shipping port of Melbourne & Sydney Industrial action threatened. BMT's Jin said more than 60% or 65% of shippers were remaining on spot rates. ACCC to intervene in Port of Melbournes rental increase: good or bad? China on Tuesday criticised calls made by some COP27 delegations for Taiwan to be included in the annual climate talks process. Major delays have now hit the port of Singapore, with congestion causing vessel turnaround times to more than double and week-long cargo rollovers. GoComet's port congestion tracker analyzes more than 45000 containerized shipments per month at major ports across US, EU, EMEA and SEA regions. Important notice for all Australian Importers from China Shipping delays expected! Customs Clearance and Biosecurity Services, Tianjin Port update and alternative routes, Breaking news: Massive blaze on ship off Port Kembla, Action required on public infrastructure investment. Speak with one of our experts International Airports and Seaports due to experience Delays on 3rd and 4th of August. SINGAPORE, June 16 (Reuters) - Global port congestion is set to continue until at least early 2023 and keep spot freight rates elevated, logistics executives . 5,393 3 minutes read. Shanghai port's Congestion Inflation graph, which monitors changes in transit times to the port, has remained relatively flat throughout the past 24 months, despite many disruptions.Butin September, transit times increased by 25%, reaching their two-year peak, and remained the same in October. 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 . The mainline vessels coming in have been overbooked, severely holding up the containers for transhipment. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. 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Vessels calling at Singapore have not departed on time since September, the freight-forwardersaid. If you have any questions please feel free to refer to your assigned Customer Solution representative. Shippers seek revenge as rates plummet. At this time we are seeing shipping connection delays in Singapore of 2-3 weeks. 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NE - SAE: $3,657. Supported by GoComet platform's real-time container tracking data, our machine learning algorithm calculates congestion/delays at ports based on the turnaround times of these containers at a given . According to PSA International, Singapore has been experiencing an increase in activity. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. The number of vessels staying at Singapore port for more than two days in January, averaged 46 per day, about 59% higher than January 2020, according to data from S&P Global Platts trade flow software cFlow. 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Seow Hwee, head of cargo solutions, South-east Asia for PSA, added: Closer collaboration and increased cargo movement visibility will go a long way towards keeping supply chains flowing smoothly and safely.. Singapore's new mega-port is just months away from full operations, but it has opened its storage area early to help alleviate the supply chain bottlenecks plaguing container shipping. 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Typically, pricing between these regions is similar, a source said. Container ships in Singapore's port are facing turnaround delays amid a global shipping congestion since the COVID-19 pandemic began. Africa to be Worlds low cost manufacturing hub? A TEU is a Twenty-foot Equivalent Unit, the measurement used to determine cargo capacity for . Singapore remains in pole position as the world's busiest container transhipment port. Japan-Australian economic partnership agreement a snapshot, General rate increase South East Asia, South Asia, Indian Subcontinent and Middle East Gulf/ Australia 15th August, Saving you time and money with our warehousing solution in Melbourne, Melbourne shipping terminals Closed due to bad weather, Impact of changes to zero VAT tax scheme for indirect exports for South Africa, Equipment imbalance surcharge (EIS) Containers to Darwin, Cash rates remains unchanged at 2.5 per cent, Biosecurity fee review and implementation 2014, BR International Melbourne Change of address, 2014 Federal Budget How it will effect you, Shipping lines ex United States East Coast, Gulf Coast, & West Coast to Australia/New Zealand General Rate Increase (GRI) July 1, 2014, DP World Brisbane upgrades terminal operating system including slot booking procedures, Shipping lines announce rate restoration ex China, Hong Kong, Korea and Taiwan effective 15 May 2014, Local: Customs officers thrown in jail for organised crime links, drug smuggling, corruption, Another initiative from BRi to make the importing process even easier, BRi announces new initiatives to assist all customers with account reconciliation and management, BRi launches smart warehousing services, General Rate Increase - North East Asia to Australia - Effective 1 April 2014, General rate increase South East Asia to Australia Effective 1 April 2014, Victoria Patrick terminal infrastructure fee effective 10th March 2014, Local exclusive: New DP World boss sets out policy agenda Potential for improvement at DP World, High temperatures force container slot cancellations in Melbourne. M&A radar: DSV countdown to 15 November, Liverpool strike cancelled with union and employers close to deal, Founder Alexei Isaikin leaves Volga-Dnepr after management buyout, From Flexport's KKR dealto credit losses at Kuehne, FedEx et al, Supply chain disruption alchemy turns shipping line returns to gold, M&A-hungry Rhenus 'now we're really global' aims to double in size. today to see how we can help Congestion Hits Port of Singapore. Spot chartering rates have held firm so far this year, with supply chain disruptions and port congestion affecting ships globally, particularly in the United States and China. To all our Valued Customers, We have been advised that the port of SINGAPORE is said to be struggling to cope with the increasing demand for container shipping services that now stretch its handling capacity of 25 million TEU to the limit. The number of vessels staying at Singapore port for more than two days in January, averaged 46 per day, about 59% higher than January 2020, according to data from S&P Global Platts trade flow . ", PSA said that PSA Singapore has been ramping up additional capacity and resources "and is working closely with shipping line customers and cargo owners to alleviate the situation.". "We believe the current congestions, not only the ports but also the landside infrastructure, will be there at least till Q1 2023," said Peter Sundara, head of global ocean freight product for the global logistics division at Visy Industries. 7/10/2015. With this in mind and the transit delays being experienced we have immediately changed our shipping offering so shipping lines calling Singapore are not selected at least until the congestion issue is resolved. 17-2021: Khapra Beetle Actions for Sea Containers Introduce offshore treatment requirements for target risk sea containers from 12th April 2021. Reports said for some, . To combat congestion, Singapore introduced the Area Licensing Scheme in 1975. Congestion in one port delays other vessel services including its sea routes. Congestion has caused ships to arrive late, resulting in logjams of containers in major ports around the globe. To assist in moving cargo through the supply chain, Singapore terminal operators are increasing value added services for priority discharge, top stowage and express delivery for time-critical cargo as well as enhanced tracking and data visibility. INDUSTRIAL ACTION ALL MELBOURNE TERMINALS CLOSED! 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 Wednesday, urging charterers to switch to long-term contracts to manage shipping costs. 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However, port congestion is putting a brake on some deals, as charterers hold off committing to expensive tonnage that could be held up, waiting outside congested . All Rights Reserved, VIC, Australia. Delays are currently being experienced . General rate increase USA to Australia and New Zealand April 1 2014, Big brands Discount sale Womens and mens footwear and clothing sale Special offer for BRi Melbourne customers, Shipping terminal operating hours Xmas New Year period 2013, Merry Christmas and a Happy New Year thanks for your support, Shipping lines plan rate restoration program ex South East Asia trade from the 15th January 2014, Southbound Rate Restoration (RR) in the South East Asia Australia trade 15th January 2014, Shippers and importers face New Year rate rises Shipping Asia to Australia, Import processing charges amendment bill 2013 has passed through both Houses of Parliament without amendment, General Rate Increase (GRI) North East Asia to Australia, Australia is set to sign off on a free trade agreement (FTA) with Korea, OPINION: Federal government introduces bill to increase customs fees effective 1 January 2014, Christmas and New Years eve delivery instructions Important, Further information concerning India congestion shipping delays expected, Strike leads to major congestion at Jawaharlal Nehru Port Indias largest container port, General Rate Increase ex Nth East Asia to Australia 14th November 2013, Our Sydney warehouse and new developments, Timber trade required to exercise due diligence, Typhoon Fitow lashes China Chinas Zhejiang Province Shipping delays expected, General Rate Increase (GRI) North East Asia to Australia 24th October 2013, North & East Asia shipping lines settle on rate rise effective September. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. For further information, please dont hesitate to contact the team at Clarke Global Logistics on 9854 3000 or email enquiry@clarkeglobal.com.au. With the announcement that negotiations over the Australia China free trade agreement have concluded, are you interested to discover how this new FTA may affect you? WoW 1.11% MoM 1.14%. SINGAPORE - Global port congestion is set to continue until at least early 2023 and keep spot freight rates elevated, logistics executives said on Wednesday, urging charterers to switch to long-term contracts to manage shipping costs. If you are a trader from the manufacturing and logistics industry, you will know that the Asian ports of Singapore, Shanghai, Busan and Vietnam are heavily congested. There is congestion at the port with feeder vessels waiting for mainline vessel connections. Platts Container Index, a weighted average of spot prices on key global routes, was $4,226.32/FEU on Feb. 26, more than quadruple what it was in the same period of 2020. Where are we at? "It's unlikely to happen in 2022. The global cascading effect of port congestion is playing havoc with intra-Asia trade lanes, with large amounts of cargo stuck at transhipment hubs in the south-east. Volumes rose 1.6% year on year, according to preliminary data released by the Maritime and Port Authority of Singapore on Jan. 13. Real-time updates about vessels in the Port of SINGAPORE SGSIN: expected arrivals, port calls & wind forecast for SINGAPORE Port, by MarineTraffic. The COVID-19 outbreak has lengthened ship delivery times since 2020, pushing up freight costs, while the . Are traditional supply chain logistics models coming to an end? Spot freight rates are continuing to slide as demand falls back. Peter Sundara, VP global ocean product at LF Logistics, told The Loadstar: Theres a lot of vessel bunching, which is causing delays, and we see feeders coming in from South-east Asia missing connections with mainline vessels. This comes as major . This congestion has had a knock-on effect on spot container freight prices, where exports from Singapore to North America have attracted higher pricing relative to other ports in Southeast Asia. 2022 by S&P Global Inc. All rights reserved. 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Delays continue, BRi Global News - Shipping Companies Look at Sailing Away From Choked Southern California Gateways, BRi Global News - Major U.S. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Please use the button below and we will bring you back here when complete. -. However, container throughput at the port in December declined by 2.2% year on year. By Cichen Shen and James Baker. SINGAPORE - Container vessels are continuing to arrive late at Singapore's terminals due to congestion at other ports, port operator PSA Singapore said on Wednesday (Oct 13).. Asia-Australia/NZ Services Consolidate to Kill Overcapacity, SINGAPORE PORT CONGESTION CONTAINER TRANSHIP DELAYS, Maersk General Rate Increase USA to Oceania, USA to Australia, NZ & Pacific Islands GRI. Ports, BRi USA NEWS - Container Cargo Imbalance from COVID-19 Deepens, BRi USA NEWS - Danish Shipping Receives Aid While Criticizing South Korean Aid, BRi USA NEWS - US Maritime Regulators Formalize Detention and Demurrage Rule, Temporary By-law covering goods to be used in response to COVID-19 Pandemic, BRi USA NEWS - Global Port Authorities Commit to Stay Open Amid Coronavirus Pandemic, BRi USA NEWS - Containership Owners Continue Scrubber Retrofits Despite Oil Crash, Decimating IMO 2020 Savings, BRi USA NEWS - Carriers Warn of Widespread Disruption from Indian Port Congestion, BRi NEWS - U.S. Global container freight costs have attracted significant attention globally, especially over the past year, with rates rising to multi-year highs and schedule reliability falling amid logistical issues. Global port congestion skyrockets double sailings. The mainline vessels coming in have been overbooked . The average number of vessels staying at Singapore port for more than two days each day peaked in November, at 49, compared with 17 in the same month of 2019. 2 min. Currently, the Port of Singapore is the latest post that has been hit by this congestion crisis. July 14, 2021. Related News Port of Virginia Rides COVID-19 Imports Surge to Record Year in FY2021 July 19, 2021; Container vessels planning to berth at Singapore port are now facing longer wait times, market sources said, with one source estimating that this has grown to five to seven days from a maximum of two days to turn around an 18,000 TEU vessel. Very few vessels are operating according to schedule currently. Ship arrivals at Singapore are now 7.5 days late, on average, after schedule reliability fell to . Pty Ltd Bunker Recovery Charge & Global Fuel Surcharge Southbound Asia Trade March 2019, COSCO Shipping Lines Southbound Rate Restoration Effective 1st April 2019, ANL Southbound Bunker Adjustment Factor (BAF) Effective 1st April 2019, EXPORT AIRFREIGHT 100% PIECE LEVEL SCREENING COMMENCING 1ST MARCH 2019, ONE Bunker Surcharge (OBS) for Asia Oceania Effective 1st January 2019, Sydney Container Logistics & Associated Additional Cost, Industrial Action Sydney & Brisbane Hutchinson Ports, North America to Australia / New Zealand General Rate Increase (GRI) Effective 15th February 2019, Brisbane FCL Deliveries subject to Toll fees, Major Fumigation Delays - Import Containers, Revised Low Sulphur Surcharge (LSS) - All Trade Routes to/from China, Taiwan & Hong Kong, OOCL Rate Restorations on New Zealand Trade Effective 1st January 2019, Adelaide Channel Widening Project - Dredging Levy Effective 1st January 2019, BRi WAREHOUSE CLOSURE DATES OVER CHRISTMAS 2018 & NEW YEAR 2019, OOCL Rate Restoration Effective 1st January 2019 for China, Korea, Taiwan and Hong Kong Australia Trade, Low Sulphur Surcharge (LSS) Shanghai & Ningbo ports affected, Implementation of China Emission Control Area (ECA) Surcharge Effective 12/12/18, Low Sulphur Fuel Charge (LSS) Effective from 15th November 2018, Brown Marmorated Stink Bug (BMSB) update re: Emerging Risk Countries, Christmas and New Year 2018/19 - Customer Closing Dates, OOCL SOUTHBOUND RATE INCREASE - SOUTH-EAST ASIA TO AUSTRALIA TRADE, COSCO Implementation of a Southbound Rate Restoration (RR), DP World Announces further increases to their Terminal Infrastructure Levy & VBS Fees, Brown Marmorated Stink Bug (BMSB) creating clearance delays, North East Asia to Australia General Rate Increase Effective 16th October 2018, Southbound General Rate Increase (GRI) United States & Canada to Australia & New Zealand Effective 15th October 2018, BROWN MARMORATED STINK BUG (BMSB) SEASON UPDATE RE LCL CONSIGNMENTS, Brown Marmorated Stink Bug (BMSB) Season - Update for Importers, Changes to Chinese Treatment Certificates for Import Clients, BRi Melbourne Branch Postcode change, effective 31st August 2018, ANL General Rate Increase for South East Asia, South Asia, Indian Sub-Continent and Middle East Gulf to Australia, effective 1st September 2018, Hamburg Sud General Rate Increase for North East Asia to Australia, effective 1st September 2018, ANL General Rate Increase for Southbound Trade, effective 2nd September 2018, National increase in Shipping Line Port Service fees, Department of Agriculture and Water Resources ( DAWR ) manufacturer declaration requirements for customs clearance clients, ATTENTION all importers ex Europe and USA - Brown Marmorated Stink Bug ( BMSB ) season, Continued delays in relation to the return of empty containers, Hamburg Sud GRI Notice - North East Asia to Australia trade effective 1 August 2018, COSCO SHIPPING Lines A.P.B. Peter Sundara, VP global ocean product at LF Logistics, told The Loadstar: "There's a lot of vessel bunching, which is causing . Australia & China free trade agreement As early as November 2014! You exceeded the limit of bookmarked content(only 15 bookmarks are allowed).Please remove one of the bookmarks. Total Views: 5626 . Singapore port faces container congestion amid surge in vessel calls. :Vessel: Kota Lahir 081s, 10 questions about the China-Australia free trade agreement, A further update on vessel Maersk Gironde V 435s, Vessel Xin Chi Wan 0142s has been delayed ex Shekou, China port, US carrier backflip on port congestion surcharge, Delays expected Vessel Maersk Gironde voyage 435s and Safmarine Nomazwe 436s. Design & Development by Salt & Fuessel User testing by TestMate. Double sailing is the situation when two or more vessels are sailing within the same week on the same . STORAGE DECLARATIONS FOR TREATED WOODEN ARTICLES, OOCL Southbound Rate Increase - Southeast Asia to Australia Trade - Effective 8th December 2017, Illegal Logging Update - End of the "Soft-Start" Compliance Period - Reminder, DP World Announces further increases to their Terminal Infrastructure Levy, NSWNF 2017/033 Stop Work Meeting DP World Australia Sydney, Christmas and the New Year Closures - Reminder, K LINE SOUTHBOUND RATE RESTORATION EX CHINA, HONG KONG, TAIWAN, KOREA TO EC AUSTRALIA, SHIPMENT MARKING REQUIREMENTS IN THAILAND, CFS Depots - introduce Infrastructure levies, UPDATE on shipping from Asia to Australia, OOCL Customer Advisory - Rate Restoration - China, HongKong, Korea, Taiwan to Australia Trade - 15th November 2017, OOCL - Southbound Rate Increase - Southeast Asia to Australia Trade - Nov. 1, 2017, General Rate Increase for North East Asia to Australia trade effective 15th October 2017, OOCL Customer Advisory - BAF - North East Asia to / from Australia - Effective Date 15th October 2017, CHANGES TO IMPORT CONDITIONS FOR MANUFACTURED WOODEN ARTICLES, OOCL Rate Restoration - South-East Asia to Australia Trade - Effective 01 Oct 17, Delays due to environmental protection ex Zhejiang, China and surrounding areas, OOCL Southbound Rate Restoration - Japan to Australia Trade - Effective 01 Oct 17, Typhoon Hato causes flight havoc, shipping delays (rolled containers, terminal congestion etc) and domestic transport problems in Hong Kong and South China, OOCL Southbound Rate Restoration South East Asia to Australia Trade - Effective 01 Sept 2017, General Rate Increase on North East Asia to Australia trade effective September 1st 2017, K-Line Southbound Rate Restoration ex China, Hong Kong, Taiwan and Korea to East Coast Australia implementation, Important News Regarding Changes to Shipping Line Container Free Time, Bangladesh Update - Serious delays in Chittagong port, Patrick Terminals - Infrastructure Surcharge and Ancillary Charges - effective 10 July 2017, NEW PACKING DECLARATION FORMATS FOR CONTAINERISED CARGO FINAL 7 DAYS, OOCL Customer Advisory - Rate Restoration ex North East Asia to Australia Trade - Effective 01 July 2017, NEW PACKING DECLARATION FORMATS FOR CONTAINERISED CARGO FINAL 30 DAYS, Dense Fog and Port Congestion Causing Massive Delays in Shanghai Yangshan Port, NEW MELBOURNE TERMINAL OPERATING ADDS FURTHER FEES TO CUSTOMERS DELIVERY, OOCL Customer Advisory - Southbound Rate Restoration ex South East Asia to Australia Trade - Effective 01 May 2017, Rate Restoration China, Hong Kong, Korea and Taiwan Australia Trade, OOCL Rate Restoration China, Hong Kong, Korea and Taiwan Australia Trade, AUSTRALIAN BORDER FORCE MONITORING OF ASBESTOS, UPDATE DP World Infrastructure Charge - Sydney and Melbourne, TOLL FEE INCREASE - MELBOURNE DELIVERIES, ANL KOREA, CHINA, TAIWAN AND HONG KONG TO AUSTRALIA GRI, PRODUCTION ASSIST COSTS FORMING PART OF CUSTOMS VALUE, K LINE SOUTHBOUND RATE RESTORATION EX CHINA+HONG KONG+TAIWAN+KOREA TO EC AUSTRALIA, Patrick Terminals - Container Damage Reports, Hamburg Sud - North East Asia to Australia General Rate Increase (GRI), OOCL Rate Restoration China, Hong Kong, Korea and Taiwan Australia Trade, China still Australias biggest trading partner, Fremantles container throughput above years average in November, Whitehouse lodge notification of intent to withdraw the USA from the TPP - Australia/US deal to be cancelled. 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