Maersk said that at present, the average waiting time of ships in Los Angeles port and Long Beach port ranges from one week to two weeks. And there are about 40 ships queuing in the two ports. Auckland port ships enter the port and wait longer.
Affected by the epidemic
“Affected by the epidemic, many people are hesitant to return to work. Affecting the transportation and distribution of ports and trucks.” Ben Hackett, founder of Hackett Association. And said that the logistics supply chain has been unable to keep up with the growth of demand. And the problems of delay in shipping schedule and shortage of manpower continue. In response, the U.S. Retail Federation warned that the growth of market demand will continue to amplify the shortage of labor, equipment, transportation capacity and other issues. According to the latest “global port tracking monthly report” issued by the Federation, it is estimated that in the first half of this year, the volume of imported containers in US ports will reach 12.8 million TEU, with a year-on-year growth of 35.3%; The annual import volume will be close to 29 million TEU. With a year-on-year growth of 14.5%.
Port backlog
Due to the overstocking and congestion in the port. The container ships can not return in time to load goods. Which affects the effective transport capacity.
According to the data of sea intelligence: a third-party organization, in February, when the peak of shipping delay occurred, about 2.8 million TEU was lost in the global container market due to shipping delay. Accounting for about 12% of the total capacity. At present, the capacity of over 18000 TEU Container Ships in the centralized transportation market is 2.7 million TEU. Which means that the capacity loss caused by the delay of shipping schedule alone exceeds the carrying capacity of all super large container ships. Even though the delayed shipping capacity dropped to 2.1 million TEU in April. About 25% of the trans Pacific (3.490, 0.00, 0.00%) capacity was still lost due to the delay.
Even so, the centralized transportation market is still increasing investment in transport capacity. And the chartering market is even facing the situation of “one ship is hard to find”.
Alphaliner recently released data show that as of April 4, the number of container ships operating in the world was 6220. A month on month increase of 16. The total capacity was 24703100 TEU. With a month on month increase of 133000 TEU.
"Sky-high" rents are behind the capacity growth
Behind the growth of transport capacity is the “sky high” rent. According to the data, the fixed rent of 8500 TEU sold on June 4 has increased from US $15000 / day in the same period last year to US $65000 / day. According to the Baltic International Shipping Association, the term of many chartering contracts on the market has exceeded the traditional standard of six to 12 months. And there are not a few contracts that last for several years.