June 8, 2021
Elzra May 2021 Update
This is my May (now late) update covering everything I’ve been busy working on this past month. Shipping Capacity Challenges Continue Shipping and logistics challenges continued throughout May and show no signs of abating. Here is the latest ocean freight update from Apex Logistics: OCEAN FREIGHT AND US PORT UPDATES Carriers announced new FAK (Freight All Kinds) rates from June 1st onward Market rate for East and North China continue to increase Demand remains strong for all lanes. Space showing no improvement, vessels are full with heavy roll over. Carriers are restricting weight due to Panama Canal low water levels. Delay is worsening in South China due to port closure as well as the Covid situation in Yantian. Vessel delay remains around 7-14 days for all lanes Bookings to LA/LB (Los Angeles/Long Beach) are still overbooked with heavy roll over through at least mid June Bookings to PNW (US Pacific Northwest) remains full often with double rolling Bookings to USEC (US East Coast) no space guarantees even with Premium, and double/triple roll may occur Significant drop in vessels anchored in LA/LB, shifting to anchoring in Yantian due to terminal closure Port of LA/LB remains congested, but making progress. Truck power is challenging, taking up to 12 days lead time to secure local trucker. Port of OAK (Oakland) wait times reduces from 12 to 10 days, one of five berths at OICT is scheduled to be available next week with 3 new cranes operational, which will provide relief of the backlog soon. Port of Seattle/Tacoma drayage (trucking) challenges continue, shippers need 10+ days to secure trucker Dallas ramp chassis availability is tight at BNSF Alliance ramp, but adequate supply at UP Dallas Chicago ramp rail congestion and chassis shortages continue Port of NY strong volume continues with some berthing congestion, with truckers and chassis in […]