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Asia Pacific Market Update | Vol. 4

What’s New? Visit us at China’s Largest Import Fair

We are ready to meet you at this year’s - China International Import Expo (CIIE) IN Shanghai on 5-10 November 2021!

Our booth is located at the National Exhibition and Convention Center (Shanghai), Hall 8, 2/F, Booth No. B6-22.

The Latest Market Update

China’s October Golden Week, Christmas and Chinese New Year will bolster strong demand for container shipping for the last quarter of 2021. But port congestion, especially in the US and Europe, and service delays are expected to create headwinds for service schedules. Extra loaders and ad hoc port omissions will be implemented to help improve reliability.

Disruptions in sailing schedules and congestion in ports throughout Europe, the US and Asia are perpetuating equipment shortages, particularly in the major exporting countries of China and Vietnam. Hamburg Sud has taken measures to alleviate the impact by rationalizing our schedules, repositioning empty containers and tripling the number of dry freight containers in our fleet over the last few months. However, in-fleeting new containers is not sufficient to meet the overall demand, especially when operational bottlenecks slow repositioning. It is critical that import containers are returned as quickly as possible.

The latest COVID situation in Vietnam: The hundreds of factories that had closed under the recent lock-down rules are reopening in October. Factories in south Vietnam are scheduled to reopen from early October. Most key depots and ports are operating normally, but with lower productivity. The shortage of equipment and space is worse in the north than the south due to reduced cargo volumes.

To know more on the Global Demand & Supply Market Update, please read the page 6.

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