Yantian to return to full operations from midnight, box backlog expected to take many weeks to clear
Sunny Worldwide Logistics brings you Yantian terminal logistics news and helps you get to know the story behind the international cargo port.
"Following a COVID-19 outbreak and consequent month-long disruption, the Port of Yantian in Shenzhen, China, is expected to return to normal operations on June 24. However, shippers have been warned it will take time to clear the significant container backlog. Lars Jensen, CEO of container consultancy Vespucci Maritime has gauged it will take Yantian 82 days to clear the more than 700,000 TEU queuing outside its quays in addition to the normal flow of export cargo out of Asia.
It is also expected to take weeks for land-based operations to normalize around Yantian said, Peter Sand, chief shipping economist at BIMCO. “Getting the cranes to operate may be the easy part but, moving the boxes around inside the clogged-up port perimeter and getting ships to berth as a part of a normal routing takes days and weeks,” Sand told Splash.
Meanwhile carriers are contending with growing congestion in the major European ports of Hamburg and Rotterdam. Judah Levine, research lead at container platform Freightos observed, “Port officials point to late and unpredictable arrival times as the culprit for the congestion, providing another sign of how interconnected ocean freight is: delays elsewhere from other causes – like the Suez and now Yantian – throw off operations at other ports leading to further delays and disruptions as they have done for the past year.”
Demand for space is unflagging. However, with no extra capacity to address the issue, it continues to put pressure on rates. The FBX Global rate is more than triple its level this time last year and carriers are planning additional increases for peak season. Even many recently signed and highly elevated annual contracts are not guaranteeing enterprise shippers that all their containers will move without paying premiums first."
The epidemic broke out a month ago and the Yantian terminal was congested. For international freight forwarders, Sunny Worldwide Logistics was not spared either. The sales department worked with colleagues from the commerce department and the operation department to find space for customers and negotiate prices. Now operations are basically fully resumed, and we also look forward to getting everything back on track as soon as possible. Faced with the current rising freight rates, we are also actively discussing solutions to strive for the greatest benefits for customers.
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