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| Published：2021.07.28 News Sources：Qingdao Gute Ship Supplies Co., Ltd. Views： | |||
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Maersk: Demand for Asian seaborne exports will remain strong
Maersk has released its Asia Pacific Market Update (July 2021) report, which provides an updated analysis of market trends and focuses on current issues and challenges in the industry. According to the report, while global logistics demand remains strong, the recurrent outbreak continues to cause a number of supply chain problems, such as reduced container availability, tighter air capacity, longer ship docking times, and bottlenecks in trailer capacity and warehousing and distribution. The market outlook for the second half of this year remains uncertain due to the imbalance between global trade supply and demand. On the demand side, high household savings among American and European consumers helped to boost consumer demand. As global vaccination rates increase and lockdown measures are lifted, demand for travel will gradually increase, helping to rebalance supply and demand by boosting travel and lifestyle spending. As a result, demand for restocking is expected to continue at least through the end of the year. In terms of supply, commodity lead times remain long and it is difficult to predict when container shortages and capacity shortages will ease. Maersk said shipment delays in Europe were affecting Asian exports and expected the situation to continue to worsen. Container traffic from Asia to Europe has soared due to surging demand in Europe and the negative impact of epidemic control measures in Europe has caused congestion at major ports, causing delays on several asia-Europe routes. The continued delay in the shipping schedule resulted in a delay of more than seven days between the expected and actual departure date of the container. The problem is particularly acute in the major ports of Northern Europe. Worsening container shipping delays in Europe, coupled with slower connections between trailers and rail, will affect the speed at which container ships can return to Asia, further delaying imports and empty containers returning to Asia. In the North American market, empty container inventory continued to build up. The amount of inventory in empty containers in North America has waxed and waned due to recent global supply chain disruptions that have made it more complicated and difficult to repatriate empty containers to Asia. Previously, the congestion of Yantian Port led to a decrease in the import volume of North America, and the North American ports had the opportunity to clear the excessive inventory of empty containers. However, the subsequent wrong flight of the US line resulted in no ships transporting empty containers back to Asia. Continued congestion at North American ports as the peak season approaches will slow the flow of empty containers back to Asia. Congestion at North American ports is not only affecting trailer utilization, which is bad for North American exporters, but is also underloading ships and potentially worsening container shortages in Asia. To cope with the shortage of containers in Asia, Maersk has deployed a number of overtime vessels and replacement vessels to readjust its shipping network and move empty containers from North America back to Asia as quickly as possible. Maersk expects Asian seaport export demand to continue to be strong and overall shipping space is tight. To ensure smooth supply chains for our customers, Maersk will focus on vessel docking rates, container conditions and reliable capacity solutions. At the same time, Australia and New Zealand export demand remains strong, shipping space is tight, terminal operation bottleneck. Due to the impact of reduced operational efficiency in Australian ports, ongoing port strikes and cancelled berthing and port congestion in Auckland, the ship punctuality rate remains low. This has led to at least nine days of delays at the Port of Sydney and continued high load operations at Auckland's inland container yards. Maersk noted that container shortages remained an industry-wide challenge in the Asia-Pacific region. 20-foot dry containers are in plentiful supply, but 40-foot containers and 40-foot freezers are still in short supply. Due to strong demand, Maersk expects space to remain tight on all routes. |
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