Weekly Update Week 45: Nov 6th-10th

Operations Update

As demand has remained consistently off the pace of prior years on the Europe to U.S. lane, steamship lines have begun reducing capacity by decommissioning older vessels and, increasingly, blank sailings and port of call omissions. In some cases re-booking of containers is required, adding a week or more to the expected arrival date. In the U.S., we have recently experienced a vessel skipping the port of New York and being re-routed to other ports of call before being routed back into New York – adding an additional week of transit time. Last week, we also experienced Blank Sailings (the ship did not stop at a port as scheduled) for both France and Italy.  Please consider additional transit times when planning for Q1.

Global Reliability Schedules
The global supply chain continues to improve, however, the shipping schedule reliability remains significantly below pre-pandemic times.

Source: Sea Intelligence Maritime Analysis / Global Liner Performance Report – September 2023

FDL Delays
A roof collapsed on November 7th, in a warehouse adjacent to Fond du Lac.  No one was injured, but the building and nearby buildings were evacuated and orders were canceled for that day.  It has caused delays today and for the remainder of the week. There is a one day delay for order pick-ups.

For the rest of the week, please expect 2 business days for new releases due to the backlog. We apologize for any disruptions this may cause and will update you with any additional information as it becomes available.

Low Volume Lanes Update  LCL space (9L cases) is available on the following lower volume lanes:

France to OAK:   500 cases

France (FOS) to NY:   700 cases (building a new container)

Spain to OAK:   Building a new container

Italy to OAK:  Building a new container

Germany to NY:  450 cases

Portugal to NY:  900 cases

Portugal to OAK:  Building a new container

Austria to NY:  950 cases

New Zealand to OAK:  Building a new container

Australia to NY:  800 Cases

NEW LANES

Italy to Seattle:  1100 cases (building a new container)

France to Seattle: 600 cases

South America to NY:  1200 cases (building a new container)

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

Read this interesting look at how pure ammonia fuel is powering the ships of the very near future, in the pursuit of green alternatives to traditional fuel sources. Green Shipping: World’s First Ammonia -powered box ship set to delivery in 2026

There are over 300 grape varieties in Greece!  Greek wines are gaining favor across the US. While Assyrtiko, Moschofilero, Agiorgitiko, and Xinomavro are well known this article explores a few lesser-known varietals you may be interested in. Grapes by Greece: 8 Lesser Known Greek Grapes on the Rise | SevenFiftyDaily 

Podcast Throwback: Celebrating Alexi as our sole female founder and CEO we revisit one of Alexis first podcasts celebrating women CEOs in the wine industry.  Listen to her podcast with Kate Laughlin, CEO of Iconic Martine’s Wines on Becoming a Wine Industry Entrepreneur

Last week we reported on the ACP’s decision to impose various passage restrictions to conserve scarce water, including cutting vessel draft and daily passage authorizations. Panama Canal to slash booking slots due to drought over coming months | Reuters  This week we look at the likely impact on container ships in this deeper dive by FrieghtWaves.  Shipping braces for impact as Panama Canal slashes capacity |Freightwaves

 

“Change is the law of life. And those who look only to the past or present are certain to miss the future.”

— John F. Kennedy

Cheers, Elenteny Imports