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The Port Klang Authority on Wednesday (Dec 23) said the congestion at the terminals in Northport and Westports was mainly due to vessels bunching up after facing delays at preceding ports and the situation is made worse by bad weather during the monsoon season. Share. The COVID-19 outbreak has lengthened ship delivery times since 2020, pushing up freight costs, while the Russia-Ukraine conflict and lockdowns in Shanghai have added to supply chain disruptions this year. In attendance were the Federation of Malaysian Manufacturers Sabah Branch, Federation of Sabah Industries, Kota Kinabalu Chinese Chambers of Commerce and Industry, Sabah Shipping Agents Association, Sabah Logistics and Freight Forwarders and Kota Kinabalu Container Haulier Association. It may take a lot of effort, emails, and phone calls, but the diligence is well worth it. Maersk intending to acquire Hong Kongs LF Logistics. The pace of growth was the most pronounced in December 2022 an increase of 16% m-o-m. As a result, the export price reached the peak level of $35,915 per ton. Disclaimer:The authors views expressed in this article do not necessarily reflect the views of Marine Insight. Among the issues, the long delays that port congestion may have caused in delivering goods to consumers and firms have been gathering increasing attention. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management. This enables us to give accurate port congestion data as opposed to historic coverage given by other data providers in the market. To provide you with the right tools and information to manage your supply chain, please sign up for our newsletter on global logistics. Trucks wait in line for hours (up to eight or nine hours in some cases) to pick up a single container. "With the end of the health restrictions, we regained a degree of normality. With the rise in risks of a global recession and slowing global demand, we can expect European ports to maintain . The former comprises 9 container handling facilities capable of handling the worlds biggest container ships and handles around 75% of containers arriving at Port Klang. Since mid-December, Malaysia has been experiencing unusually heavy rainfall resulting in nationwide floods. Exclusive news, data and analytics for financial market professionals, Reporting by Jeslyn Lerh; editing by Richard Pullin, JP Morgan to buy First Republic's assets and assume deposits, PNC, JPMorgan putting in final bids for First Republic Bank in FDIC auction, Oil drops as US rate hike concern, weak China data offset OPEC+ cuts, UBS looks to bring Naratil back and mulls Swiss bank spin-off, NZZ am Sonntag reports. New disruptions such as COVID manufacturing and port closures in China ahead of the approaching Chinese New Year and winter Olympics could further disrupt the system and further delay a return to normal container flow. Malaysia is the biggest exporter of LNG in the world and possesses the worlds first floating LNG facility. Klang port deals with exports of commodities such as timber, automobiles, rubber, liquid bulk such as latex, palm and coconut oil, petroleum goods, fuel and containerised goods. Flooding in Malaysia, Supply Chain Delays and Congestion And while people often look to inventory first, this is not the only solution. Exacerbating the crisis in container supply chains is capacity. Jan. 28, 2022 2:12 pm ET. Operated by the Labuan Liberty Port Management, it handles cargoes of container goods, oil, rattan, wood, textiles, decorative items, fruits, maize, hardware goods, canned food, electrical appliances etc. We believe this has been supported by the recovery in demand for consumer and industrial goods such as apparel, accessories, machinery parts and automotive parts in the West; the restocking activities by big retailers such as Amazon and Walmart; and increased semiconductor production in response to the acute chip shortages worldwide especially in the automotive industry.. In week 52, the three-week average wholesale prices of bananas from Latin America stood at 109/100 kgs . The cookie is used to store the user consent for the cookies in the category "Performance". Malaysia Port Congestion: Port Stay Duration: Port Klang: Container Ships data is updated weekly, averaging 0.850 Day from Feb 2022 to 18 Apr 2023, with 64 observations. What Is the Difference Between Marine Recovery, BAF, Bunker, Fuel, and Low Sulphur Surcharge? Maersk launched the Polaris service in January 2022 connecting Brisbane, Australia to New Zealand ports Lyttelton and Timaru. The data reached an all-time high of 10.300 Day in 20 Dec 2022 and a record low of 0.100 Day in 11 Apr 2023. GoComet Freight Index GoComet freight shipping calculator helps to calculate ocean & sea container shipping rates instantly. Last week, supply chain visibility platform Project44 claimed rollover rates were rising at ports around the world and labelled Malaysia's Port Klang as the worst performer, with 64% during April.. AmInvestment Bank projects Westports container volume to grow by a stronger five percent in 2022 from a mere two percent this year. Malaysia's seaports end 2021 on a high, hit new milestones | Hellenic Shipping News Worldwide Got it This website uses cookies to ensure you get the best experience on our website. Your email address will not be published. Between shutdowns and labor shortages, as well as the increase of eCommerce activity, it isnt difficult to see how the global supply chain was bound to struggle through the pandemic. Download the cold chain logistics brochure for fish & seafood deliveries all the way, Announcement of vessel name change on Southern Star service, A.P. You will shortly receive an email which will explain how to set your newsletter preferences. Port Dickson Municipal Council: Avoid swimming activities at sea during The terminal has 3 berths capable of accommodating ships weighing more than 100,000 DWT and a storage space spanning 70,000 sq m for keeping containers. By 2023, rates are expected to slowly stabilize but at far higher levels than pre-Covid periods. Most of the container ports in Malaysia are showing positive year-on-year throughput growth this year. Some headlines over the past couple of weeks have said, The supply chain crisis is easing. As 2022 begins, we do not see the evidence for that, at least not in terms of fluidity of container flows. We translate this to projection of five percent year-on-year growth to 11.01 million TEUs, MIDF Research added. The planned acquisition of LF Logistics is the latest in a series of deals since the middle of last year which also includes two e-commerce logistics companies - Visible Supply Chain Management and B2C Europe Holding in the US and Europe. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. The port dates back to the 18th century and was crucial for the British Empire. Port congestion will continue well into 2022 from port closures on short notice due to local COVID-19 outbreaks. It is an important regional port serving mainly the oil and gas industries. *OCE capacity remains available to GCA as customers return from the Christmas break. The calculated congestion index is a median value which would hold true for a maximum number of cases (excluding outliers). We have also started to collect the post Lunar New Year pipeline and are taking Lunar New Year slack to push for schedule recovery by sliding. Apart from a 70 percent equity in Port Tanjung Pelepas (PTP), MMC Corp also owns Johor Port Northport (Malaysia), Penang Port and Tanjung Bruas. In regards to vessels having to wait up to three to 10 days for berth space, SPSB informs that the company adopts a windows berthing system which is used by ports across the world. More than 5000 vessels frequent this port every year. The port also has a cruise terminal with 4 wharves catering to the worlds largest cruise ships carrying more than 3000 tourists. REUTERS/Lucy Nicholson. However, unexpected COVID surges might constrain logistic supply and capacity. Due to its strategic position offering maritime connections to the nearby Borneo island as well neighbours like Indonesia and the Philippines, it is expected to emerge as the regions significant LNG trade centre. AE12 and AE15 are doing structurally port omissions to limit the impact of berthing delay. KUALA LUMPUR (June 3): Port and terminal congestion continues to impact the operations of major container carriers in 2022. Smart Schedule This tool provides instant access to the latest sailing schedules, benchmarked freight rates & carrier performance. The ports cargo handling capacity is more than 69 million tonnes and it can handle more than 390 TEU annually. In a report on Thursday (June 2), industry news provider The Maritime Executive (TME) said while there were signs of improvements, data from research and analysis firm Sea-Intelligence continued to show persistent scheduled delays with as many as one in 10 container ships . The irregular sailing schedule had also caused multiple vessels to arrive simultaneously., The peak of Covid-19 cases at SBCP occurred in mid-February with almost 120 staff being quarantined. Flooding intensified over the weekend causing extreme damage throughout seven Malaysian states; Kelantan Terengganu Pahang Johor Malacca Negeri Sembilan Sabah The flooding is impacting all major ocean termina . Klang port lies on the western shores of the Malaysian Peninsula, at the northern tip of Malacca Strait, linking the capital Kuala Lumpur with the South China sea. However, Robert Swinney, operations professor of the Fuqua School of Business, believes the most operations should focus on developing resiliency strategies moving forward: Companies need to reevaluate their disruption-mitigation strategies and be prepared to invest more in resilience, he said. You can eliminate the need for manual container tracking and can stay updated with real-time automated notifications on the movement of your freight. In Ningbo, transport and warehousing operations are operating normally after a cluster of cases in early January in the citys Beilun district led to extensive trucker delays as drivers had to undergo testing and quarantine before being allowed into Beiluns three container terminals. Copyright 2018 Green Worldwide Shipping, LLC | All Rights Reserved. After two years, experts agree that there isnt an end in sight: Port congestion is still very much with us. As 2022 begins, the container shipping supply chain remains in the deepest crisis it has ever seen.
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