Weekly Update Week 33: Aug 14th-18th

Seattle LCL Service From Italy and France, Panama Canal Update, LCL Space Availability

 

Operations Update

Seattle LCL Service From Italy and France
We are thrilled to announce the reopening of our Seattle LCL service.  This service offers the ability to preserve retail and glass placements, eliminate waiting to fill FCLs, and the opportunity to ship LCL for importers in the Pacific Northwest area.  Please reach out to your sales rep or support@elentenyimports.com for pricing and further details.

Panama Canal Update
Wait times have gone from an average of 15 to 21 days with 150 vessels waiting to transit the canal after a 20% cut instituted last month.  Container ships are being given preference over bulk, and despite the summer rains finally picking up, there is no projected revision to the current restrictions. Authorities estimate that at the current rate, it will take months to get caught up. Surcharges may become more widespread.  Currently, due to the priority being given to container ships, we anticipate that delays will be no more than 1 week for Europe to West Coast shipments.  We will continue to monitor the situation and keep you updated.

Low Volume Lanes LCL space (cases) is available on the following lower volume lanes:

France to OAK:  400 cases

France (FOS):  Full, building a new container ~800 cases

Spain to OAK: 100 cases (closing soon)

Italy to OAK:  1050 cases

Portugal to NY:  575 cases (Estimate loading in early Sept)

Portugal to OAK:  Booked full, we are building a new container for Sept

South America to NY:  150 cases (closing soon)

New Zealand to OAK:  900 cases

Australia to NY:  700 Cases

Germany to NY:  700 cases

Austria to NY:  725 estimated late August/early Sept

High Frequency LCL Lanes:

Italy to NY:         Multiple shipments per week

France to NY:    Multiple shipments per week

Spain to NY:      One shipment per week

News to Know

Could South Korea be the next big spirits market in Asia? South Korea shows promise for spirits

Why this Portuguese white wine keeps getting accolades. 7 Things You Need To Know About Vinho Verde | VinePair

For containerized imports the rate of year-on-year decline is expected to shrink. US container imports still on the decline, but the slope is easing – The Loadstar

Gallup Poll reveals who drinks and how often More Than Six in 10 Americans Drink Alcohol

Backlog of ships continues to grow outside of the Panama Canal. Shippers look for alternatives as Panama Canal delays lengthen – Splash247

 

The man who moves a mountain begins by carrying away small stones.

— Confucius

Cheers, Elenteny Imports