Since the first case of COVID-19 infection was reported at Shenzhen Yantian Port, there is a high-frequency word that has always touched people’s hearts: Shenzhen Yantian Port.
Yantian Port, as the world’s largest single container terminal, is responsible for 1/4 of China’s trade volume with the United States.
Affected by the epidemic, Yantian Port suspended container exports for five days. At 0:00 on May 31, Yantian International Container Terminal resumed receiving ETA-3 export containers. .
However, port operations have slowed down across the board, and frontline workers at Yantian Terminal need to be quarantined for a long time. Only after obtaining the negative certificate can you return to work at the dock.
Yantian Port issued the “Instructions on the Orderly Promotion of Export Heavy Container Reservations” yesterday (June 4). The instructions stated that since May 31 Starting from now, Yantian International Gate has resumed receiving 5,000 ETA-3-day export heavy containers every day, aiming to provide customers with more effective and convenient services under the current limited operation of the terminal, and to minimize the impact on social road traffic.
After the implementation of the plan, some criminals appeared to make reservations on behalf of others and collect fees, which had a negative impact on the reservation management order of Yantian Port. In response to this phenomenon, Shenzhen police have quickly arrested relevant personnel and imposed administrative detention and other penalties.
Yantian International severely condemns the above illegal acts and has immediately improved the system and strengthened the relevant supervision system. At the same time, it has invited the tow truck association to supervise the implementation of port entry reservations and ” The established policy of “No appointment, no entry” has been implemented.
The fall of Nansha Port
Obviously, Yantian Port’s shipping schedule was severely delayed, resulting in container loading and unloading The round trip cycle has been lengthened several times, and the shortage of containers may worsen. At the same time, the jumping of ships has caused a large amount of South China cargo to flow to the surrounding Shekou Port and Guangzhou Nansha Port.
According to feedback, Guangzhou Nansha Port was overwhelmed by the surging cargo, and there was an unprecedented long queue. Some freight forwarders said that Nansha trailers need to be queued at least 5 days in advance. .
Due to the high storage density in the terminal yard recently, in order to ensure the safe production and service standards of the terminal, Nansha Port Container Terminal has updated its opening period policy for foreign trade containers: From 0:00 on June 7, 2021, the foreign trade container opening time limit policy will be restored. Based on the berth plan reception information, export heavy containers (ETA-7) within 7 days before the expected arrival date of the ship will be received. The specific notice is as follows:
Dear customers:
Recently, the storage density of our terminal yard has been relatively high. To ensure safe production and service standards at the terminal, our company’s policy on the opening time limit for foreign trade containers has been updated as follows:
The policy on the opening time limit for foreign trade containers will be restored from 0:00 on June 7, 2021, based on berths The planned reception information shall prevail, and export heavy containers (ETA-7) within 7 days before the expected arrival date of the ship will be received.
Dear customers, the ETA time can be checked through the Yigangtong APP. The download link is as follows: m.goct/apphtml/yigangtong/appdownload.html
This is to inform you, thank you for your support!
Guangzhou Nansha Port Co., Ltd.
Guangzhou Nansha Seaport Container Terminal Co., Ltd.
June 04, 2021
Shekou and Chiwan have adjusted the time for receiving and exporting heavy containers
Based on the current period, in order to further ensure terminal production and service standards, CCT/MCT and SCT will adjust the time for receiving and exporting heavy containers from 0:00 on June 6, 2021. Only ships will be accepted For export heavy containers within 3 days of the expected arrival date (abbreviation: ETA), customers are requested to hand over the heavy containers into the terminal within 3 days before the ship’s ETA. This measure will be implemented from 00:01 on June 6 to 23:59 on June 13.
Freight rates soared by 11% in a week
The closure of China’s hub port Yantian last week gave the country Broken supply chains have added another layer of chaos, causing container freight rates from Asia to surge further. Although export operations at Shenzhen Port officially resumed on Monday, unloading cargo at the terminal is still “almost impossible”.
Westbound Logistics, a non-vessel operating carrier headquartered in the UK, told customers on the 3rd: “So far, ships planned to call at Yantian by various shipping companies have been canceled. Canceled (View article: Urgent! Many shipping companies have suspended calls at Shenzhen Yantian Port, affecting Shekou Port and Shanghai Port). The number of containers backlogged in the port, surrounding roads and suburbs is staggering.” The freight forwarder said that it is still trying to understand the shipping company Plan and how to deal with the backlog.
Meanwhile, spot rates from Asia to Northern Europe rose another 11% this week to 10,492 per 40 feet, according to the Baltic Freight Index (FBX) Dollar. That’s a staggering 533% higher than the same period last year, and shippers on this route are still paying much higher premiums to secure their equipment and get some shipping coverage.
Westbound said: “Due to many problems with container equipment, freight rates at any port in China are fixed before the final voyage. However, Yantian is now giving an increase to the entire rate, especially the FCL and LCL cargo rates of Yantian itself. creating further uncertainty.”
FBX Mediterranean rose just 1% this week to $10,241 per 40 feet, still higher than a year ago About 400%. “Things are only going to get worse” for struggling shippers on the trans-Pacific route, said Monroe of Jon Monroe Consulting in Washington state. He said importers have started pushing forward orders to give them more time to bring products to market and are now starting to prioritize products based on profit margins.
In addition, on June 1, cargo owners from Asia to the United States were hit by another round of GRI from shipping companies. There have been reports that some transpacific shipping lines are raising rates to more than $2,000 per 40 feet, and shippers must pay thousands of dollars in additional fees to secure equipment and space on their ships.
This week, the FBX freight index from Asia to the US West increased by 3%, reaching US$5,560/40 feet, and to the US East increased by 2%. Comes to $7521/40ft. Compared with 12 months ago, the spot freight rates for this route to the US West and US East increased by 154% and 161% respectively.
Capacity tightness and the spread of interest rate hikes have also affected shipping companies on both sides of the Atlantic. Previously normal and stable routes initially seemed unaffected by problems on other routes.
Shipping lines desperate for capacity are redeploying some transatlantic vessels to other, more lucrative routes, with the inevitable effect being a spike in freight rates as cargo owners in the U.S. Competition for cabin space amidst strong consumer demand. In fact, spot rates from Northern Europe to the U.S. East Coast have surged about 100% since the end of March, with the current FBX index sitting at $4,286 per 40 feet. Carriers on this route have also been quick to introduce premiums here, which has added huge profits to the current container liner services.
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