NE Asian ports less congested amid weak demand, improving weather

03 May 2013 04:24  [Source: ICIS news]

SINGAPORE (ICIS)--Ports in northeast Asia are now less congested because of weakening shipping activity and improving weather conditions in the region, according to shipping sources late on Thursday.

“We see fewer ships moving within northeast Asia. So ports are not so congested these days. Weather [is] also better, so ports are not so packed,” according to a northeast Asian charterer.

Ports such as Daesan, Yeosu and Ulsan had been heavily congested in early March because of a heavy fog, typically associated with the spring season. Strong demand for chemical cargoes also added to the congestion.

According to a southeast Asia-based charterer, vessels now take less time to dock because there are fewer ships loading and unloading spot cargoes.

“Ships can now come and go faster than in February or March. But sometimes waiting is inevitable if one or two docks are occupied,” according to the southeast Asia-based charterer.

Freight rates from South Korea to Tianjin, Ningbo and Taiwan were heard at low-to-mid $20s/tonne (€15/tonne) for 5,000 tonne vessels for the week ended 3 May.

($1 = €0.77)

By: Muhamad Fadhil
+65 6780 4356

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