kết quả dữ liệu bongdaso collapse of kết quả dữ liệu bongdaso Francis Scott Key Bridge in Baltimore is wreaking havoc on logistics and freight movements in kết quả dữ liệu bongdaso immediate region, but kết quả dữ liệu bongdaso incident has yet to have any impact on shipping rates, and costs for shipping containers from Asia to kết quả dữ liệu bongdaso US continue to fall, highlighting this week’s logistics roundup.
PORT OF BALTIMORE
kết quả dữ liệu bongdaso Port of Baltimore remains closed to all vessel traffic following kết quả dữ liệu bongdaso bridge collapse early Tuesday morning.
kết quả dữ liệu bongdaso unified command (UC) said on-scene crews continue to assess and monitor for spilled oils and hazardous substances to prevent further discharge or release into kết quả dữ liệu bongdaso marine environment as 14 containers on kết quả dữ liệu bongdaso Dali that were holding hazardous materials were impacted during kết quả dữ liệu bongdaso collision.
kết quả dữ liệu bongdaso chemical components assessed were soap products, perfume products, or not otherwise specified resins, kết quả dữ liệu bongdaso UC said.
Salvage efforts have begun but will take some time and according to kết quả dữ liệu bongdaso local US Coast Guard authorities kết quả dữ liệu bongdaso port is officially closed for kết quả dữ liệu bongdaso near future.
Some of kết quả dữ liệu bongdaso chemical products most likely impacted are caustic soda, veg oil, base oils, ethanol, biodiesel and a variety of others.
South African producer Sasol told ICIS that a terminal inside kết quả dữ liệu bongdaso port with kết quả dữ liệu bongdaso company’s name has not been used by kết quả dữ liệu bongdaso company since it opened its major facility in Lake Charles, Louisiana.
Specialty chemical producer WR Grace has a terminal in kết quả dữ liệu bongdaso port, according to a map of kết quả dữ liệu bongdaso port on kết quả dữ liệu bongdaso Maryland state government’s website. kết quả dữ liệu bongdaso company did not immediately respond on Friday to questions about kết quả dữ liệu bongdaso terminal.
kết quả dữ liệu bongdaso port is one of kết quả dữ liệu bongdaso largest in kết quả dữ liệu bongdaso US for auto imports and exports.
Global shipping major MSC is advising customers that passage to and from kết quả dữ liệu bongdaso port will not be established “for weeks if not months”.
Containers already on kết quả dữ liệu bongdaso water will be rerouted and discharged at an alternate port where they will be made available for pick-up upon completion of kết quả dữ liệu bongdaso usual import documentary procedure, MSC said.
Customers with containers at kết quả dữ liệu bongdaso origin, whether gated in or booked but not yet gated, need to contact kết quả dữ liệu bongdaso origin booking office immediately to decide whether they wish for kết quả dữ liệu bongdaso cargo to be carried to kết quả dữ liệu bongdaso alternate ports in kết quả dữ liệu bongdaso US.
Judah Levine, head of research at online freight shipping marketplace and platform provider Freightos, said more vessels arriving at alternative ports, or longer port calls as vessels offload more containers, could cause some congestion at those ports, meaning delays for shippers.
“But ocean freight is now in its slow season between Lunar New Year and peak season that typically starts in June or July,” Levine said. “And at kết quả dữ liệu bongdaso moment there is no significant congestion at any of kết quả dữ liệu bongdaso major East Coast ports.”
CONTAINER RATES FALL FURTHER
Average global rates for shipping containers continue to fall after surging in December when Houthi rebels began attacks on commercial vessels in kết quả dữ liệu bongdaso Red Sea.
Shippers began to divert away from kết quả dữ liệu bongdaso Suez Canal because of kết quả dữ liệu bongdaso attacks, which added days and sometimes weeks to traditional trade routes and tightened available capacity.
Shippers brought all floating capacity online, increased sailing speeds and brought into service newbuilds to help alleviate kết quả dữ liệu bongdaso situation.
Softer overall demand also helped ease stressed supply chains.
Average rates and rates from Shanghai to kết quả dữ liệu bongdaso US and Europe have fallen steadily since kết quả dữ liệu bongdaso first of kết quả dữ liệu bongdaso year according to supply chain advisors Drewry and as shown in kết quả dữ liệu bongdaso following charts.
Levine said kết quả dữ liệu bongdaso Baltimore closure could put some upward pressure on rates but that he expects it would be temporary.
Container ships and costs for shipping containers are relevant to kết quả dữ liệu bongdaso chemical industry because while most chemicals are liquids and are shipped in tankers, container ships transport polymers, such as polyethylene (PE) and polypropylene (PP), which are shipped in pellets.
They also transport liquid chemicals in isotanks.
LIQUID TANKER RATES STEADY
While many tanker shipping routes from kết quả dữ liệu bongdaso Americas remained subdued with no significant price changes, kết quả dữ liệu bongdaso Transatlantic eastbound route remains firm as there continues to be a lot of interest seen in kết quả dữ liệu bongdaso market this week, although space remains tight.
On kết quả dữ liệu bongdaso bunker side, fuel prices have been steadily decreasing as well on kết quả dữ liệu bongdaso back of softer energy prices; however, week over week remain relatively mixed.
PANAMA CANAL
Wait times for non-booked vessels ready for transit edged higher this week, according to kết quả dữ liệu bongdaso PCA’s vessel tracker and as shown in kết quả dữ liệu bongdaso following image.
Wait times last week were 1.2 days for northbound traffic and 1.4 days for southbound traffic.
Source:https://www.icis.com/explore/resources/news/2024/03/29/10985676/logistics-no-impact-yet-on-shipping-rates-after-baltimore-bridge-collapse-asia-us-container-rates-fall-further/
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