Headlines 

• Global vessel schedule reliability improved for the third consecutive month in July to 40.5 percent, although the gain was a marginal half a percentage point. 
• Last week, the Port of Long Beach’s new cable-stayed bridge was officially named the Long Beach International Gateway Bridge after receiving approval from the Californian state senate.   

UPDATE: U.S./Canada Ports – Number of Vessels at Anchor as of 08-30-22 

• Savannah: 41 Vessels at Anchor (-2) 
• Houston: 39 Vessels at Anchor (+13) 
• Vancouver: 30 Vessels at Anchor (+2) 
• New York/Newark: 19 Vessels at Anchor (+5) 
• San Francisco/Oakland: 11 Vessels at Anchor (0) 
• Los Angeles/Long Beach: 9 Vessels at Anchor (+1) 
• Charleston: 1 Vessels at Anchor (+1) 

Note: This count does not include vessels moored and being unloaded at port docks. Colored numbers in parentheses represents the change from last week over.  

Courtesy: MarineTraffic 

IMPORT: Asia to North America (TPEB) 

Recent Developments:  

• While rates continue a downward trend, U.S. port congestion and intermodal delays remain heavy players to unreliable scheduling.  
• For July, schedule reliability for the TPEB lane was mixed, reports indicate. On-time performance from Asia to the West Coast improved while Asia to the East Coast slipped. 
• Contract negotiations between the International Longshore and Warehouse Union (ILWU) and Pacific Maritime Association (PMA) remain active. The existing labor contract between the two parties expired July 1.  
• Both the ILWU and PMA have commented neither is planning on striking or shutting down operations amid ongoing talks. The two parties state their confidence that there will be no disruptions at USWC ports.  

Rates: Spot rates from Asia to the U.S. coasts continue to decrease as demand from shippers has softened (in large part to over-ordering earlier in the year). The traditional cycle of peak season remains delayed as shipper demand and volumes continue trending downwards as well.  
Space: Space is generally open at this time.  
Capacity: Capacity has tightened in pockets. Shippers continue to divert cargo to the USEC due to fears of disruptions at West Coast ports from ongoing labor talks.  
Equipment: Some inland terminals are reaching max capacity with inventory. Intermodal systems remain stressed with congestion and truck and chassis deficits. 

• North American chassis manufacturers have ran into production delays in 2022 (for the second consecutive year), reports indicate. This stems from difficulties in sourcing raw components and retaining factory workers.  

TIPS: Book at least 2-3 weeks prior to ready date. Strongly consider premium services and, if cargo is ready now, make plans to move as soon as possible with the current openings in space and fallen rates. When possible, shippers with fixed-rate contacts should take advantage of these softened rates on the floating market.  

• Shippers should also reconsider averting West Coast routings. The “hot spots” for ship congestion and vessel wait times has shifted to the East Coast.  

IMPORT: Europe to North America (TAWB) 

Recent Developments:  

• Northern European hubs remain critically congested. Labor-related tensions continue to pose disruptions to ports.  
• The eight-day strike of some 1,900 workers at Britain’s Felixstowe Port concluded Sunday evening, August 28, with no agreement. The port employers’ recent offer was viewed by the representing union as “significantly below” its demands. The union, Unite, warns it would set further strike dates should the port not negotiate further.  
• However, good news for German ports as port employers and the dockworker union have reached an agreement on wage increases. Around 12,000 employees at Germany’s North Sea ports will receive considerable increases in pay packages.  
• USWC ports have seen alleviated congestion and improvements to vessel waiting times.  
• On the USEC, both ports of New York/Newark and Savannah remain having a significant number of backlogged vessels at anchor off their respective shores. 
• The Port of Houston, on the U.S. Gulf Coast, is also grappling with vessel congestion.  

Rates: Rates remain elevated, but consistent, for the foreseeable future. Higher fuel costs are contributing to rate increases.  
Space: Space remains critical to USEC routings. Meanwhile, there’s been slight openings in space for USWC direct routings.  
Capacity: Capacity for both North Europe and Mediterranean services remain gripped.  
Equipment: Equipment at European seaports is not as readily available as it has been for the past few months. Inland terminals in Europe are also still reporting equipment shortages. On the U.S. side, truck and chassis availability remain concerning, especially with the latter.  
TIPS: Book 5 or more weeks prior to ready date. Shippers are strongly advised to use premium service for no-roll options and improved reliability for their cargo.  

EXPORT: North America to Asia 

Recent Developments: 

• For the USEC, port congestion remains an issue for Savannah and New York/Newark.  
• Diminished schedule integrity continues to challenge post earliest return dates. 
• Vessel arrivals remain smooth for USWC POLs. 

Rates: So far, no GRIs announced for September.   
Capacity: Available capacity remains fluid for USWC POLs.  
Equipment: Truck, container, and chassis availability remains dire and has significantly contributed to congestion of the intermodal system and IPI origins. Standard equipment at ports remains available unless carriers advise otherwise.  
TIPS: Book 4 to 5 weeks prior to time of departure to secure necessary equipment and vessel space.