INDIA TERMINAL UPDATE, 11/25/2013

ALERT – Trade notice

Please note the go slow strike at GTI terminal at Nhava Sheva port by section of the workers have been called off with effect from midnight yesterday (21/11/2013).

With the announcement of this – GTI terminal authorities have informed that the gates will now be opened for vehicular movement. However they have announced that priority will be given for movement / removal of import containers that are struck at the terminal during the slow down. At the same time they will also start taking in export containers in due course.

Please note the congestion on the roads leading to the port terminals is still not resolved. This situation will take some more time / days to normalize by possibility of more containers being accepted by the terminals and operation of all planned vessels.

We estimate that it may take from 5 – 8 days for normalcy to return in operations at Nhava port.

We are closely monitoring the situation and will update you regularly.

Source JOC – Journal of Commerce

Web link http://www.joc.com/port-news/asian-ports/port-nhava-sheva/congestion-closes-export-gates-nhava-shevas-gateway-terminals_20131115.html

 

UPDATE ON Mumbai Port Congestion

Further to our previous advisory. We would like to inform you that the operational go-slow

agitation (strike) by the labor parties at Nhava Sheva APM Terminal still continues which is

adversely affecting all cargo operations at the port.

 

Priority remains with discharge of import containers and only the balance

available moves (if any) can be used for loading of export cargo.

 

We sincerely request your comprehension for the consequences arising from the prevailing

situation at APMT at Mumbai/Nhava Sheva Port that is entirely beyond our control.

 

We will advise you of any further delays to your cargo.

NOVEMBER 15th GRI

Please note carriers in the ASIA TO USA trade have filed a Nov 15th GRI (GENERAL RATE INCREASE) with the hope of lifting their current rate levels, which have been weakening during the past several weeks. Through enforcing winter schedules, many carriers have opted to take vessels out of the trade in order to create demand.

 

The suggested amount from the Transpacific Stabilization Agreement (TSA) is $400 per 40’ cntr, but so far we have been notified of rate increases between $250 to $350 per 40’ cntr for the East Coast, West Coast and IPI (inland points) cargo depending on the carrier.

 

It seems that many carriers are following these recommended increases. We are waiting to finalize the total amount filed by the end of this week.

 

With an earlier Chinese New year (January 31) and space becoming tight, it would very unpredictable how long would this increase last, it will depend on how the market will revolve  in the next few weeks.

 

We will keep you informed of any developments.

Thanks,

Team WWL