![]() The maps below show the ships at anchor in San Pedro Bay, and at the bottom, courtesy of eeSea, all boxships heading to Los Angeles and Long Beach in the coming 28 days. ![]() The Marine Exchange of Southern California has been forced this month to open drift areas as both the bay’s primary and overflow anchorages are full.ĭrewry’s weekly World Container Index, published today, registered more steep climbs on the transpacific, with rates from Shanghai to Los Angeles climbing by nearly $400 over the past week to stand at $11,362 per feu while rates from Shanghai to New York leapt by more than $600 to $14,136 per feu. The port boss advised consumers to get their Christmas shopping plans in place far earlier this year or risk having some very disappointed family members come December 25. Giving an update on operations earlier in the month, Gene Seroka, the executive director of the Port of Los Angeles, said the challenge facing the entire supply chain amounts to “squeezing 10 lanes of freeway traffic into five lanes.” The reason why little green dots on the satellite show dozens of ocean vessels trying to berth.” This ratio currently stands at just 1.08.Ĭommenting on this lack of inventory, Steve Ferreira, CEO of New York-based Ocean Audit, wrote on LinkedIn: “This is the reason importers/retailers are paying top dollar for private vessel charters and $15,000 / 40′ space. For example, a ratio of 2.5 would indicate that the retail stores have enough merchandise on hand to cover two and a half months of sales. These ratios can be looked at as indications of the number of months of inventory that are on hand in relation to the sales for a month. The inventories to sales ratios show the relationship of the end-of-month values of inventory to the monthly sales. Retailers in the US are battling record low inventories, likely meaning the container crunch will worsen in the coming weeks. “As yard density is now quite high, the efficiency of the logistics comes down,” Sand explained.Ī lack of chassis across the US is also making the line of ships waiting longer. Sand said longshoremen at both ports have been unable to get containers out of the port – loaded inbound as well as empties outbound – fast enough. Peter Sand, chief shipping economist at global shipowning organisation BIMCO, told Splash: “Shippers, some of which are already low on inventories, are frontloading to secure goods in stock for upcoming key sales seasons such as Black Friday and Christmas.” The Los Angeles port data for August showed that 90% of vessels headed straight to anchor, joining a queue averaging 7.8 days of anchor time. Splash has identified 41 containerships at or near to the San Pedro anchorage awaiting a berth today in a peak season like none other in the 65-year history of containerisation. When the ports of Los Angeles and Long Beach were locked out for 10 days and eight days in 20 respectively, ship queues never exceeded 30 vessels, and yet the the port lockdowns caused significant economic chaos. The extraordinary congestion seen at America’s main two west coast ports is far worse than the port lockout days of 20. In essence, lockdowns in China have nearly doubled the congestion outside the country’s ports.The number of ships at anchor, waiting for berth space to open up at America’s two largest boxports has hit a new record today with more than 40 ships now forming queues further and further away from the terminals at Los Angeles and Long Beach. As of Friday, MarineTraffic data showed 11 container ships offshore, bringing the grand total waiting for berths along all three U.S. The trend is very clear – in the April and March snapshots, there were 506 and 470 vessels, respectively, stuck outside of Chinese ports. The ports of New York and New Jersey are now home to the largest queue on the East Coast. The images below show a 48-hour snapshot of container vessels waiting outside of China’s ports in April, during which Shanghai went into lockdown, March, during which Shenzhen was locked down, and February, during which no lockdown was in place. As data pulled from Windward’s Maritime AI platform clearly shows, lockdowns in China are heavily impacting the congestion outside the country’s ports, as the number of container vessels waiting outside of Chinese ports today is 195% what it was in February. The city’s port is the largest in the world in terms of container throughput and the effects on global shipping were soon to follow. Shanghai became the largest city to go into lockdown since the beginning of the COVID-19 outbreak. On April 5, 2022, Chinese authorities decided to expand a previously limited lockdown in Shanghai to put the entire city of 26 million residents into quarantine.
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