Port Congestion Update 06/11/2021

Congestion at the Port of Los Angeles and Long Beach continues with an average 4.2 day wait before a container vessel can reach a terminal. Hapag-Lloyd will cut vessels scheduled into Oakland for two months due to congestion. The carrier has removed the PS5 service, beginning in week 26 (June 20th) with the sailing of Argus Voyage 113W. It will also cut the PS8 service with the sailing of Hyundai Neptune Voyage 18W, also beginning week 26. The skipping of service will continue until week 33 (August 8, 2021), however, calls may be reinstated sooner depending on the reduction of congestion at the Port of Oakland.

Port of Yantian Update: Lars Jensen, CEO, Danish Consultancy Vespucci Maritime published on LinkedIn: “Around 40 ships are waiting in anchor and some carrier lines have rerouted ships to alternate south China ports such as Mansha, Skekou, and Hong Kong. Shippers should not underestimate the magnitude of the anticipated ripple effects from the 30% reduced operating efficiency since the Covid 19 outbreak was detected over two weeks ago.” Jensen estimates 25k TEU per day have not been processed and at 17 days (about two and a half weeks) represents as an estimated 433,500 TEU’s have been delayed. Yantian handles one-fourth of China’s trade with the U.S. and it could take weeks to reduce the congestion build-up.

Carrier vessels will continue to experience difficulties with arrival/departure delays along with equipment shortages, now projected into 2022.

Please contact your Western Overseas representative if you have any questions.