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The regular topics in port operations this past week were typical (equipment breakdowns and shortages, adverse weather, backlogs, network challenges, and congestion). For instance, due to network issues in Cape Town on Tuesday, 11 hours were lost, and on Thursday, NCT was wind-bound for about 16 hours. An incident with a straddle carrier happened on Wednesday, which caused the Durban’s operations to be delayed for two hours. Additionally, this week saw the start of the theoretical training for the new Cape Town coast tensioner. Two more practical training sessions must be completed before the tensioner can be fully utilized.

Key Notes:

  • An average of ~7 900 containers was handled per day, with ~9 789 containers projected for next week.
  • Rail cargo handled out of Durban amounted to 3 309 containers, ↑60% compared to last week.
  • Cross-border queue times were ↑0,01 hours, with transit times ↑2,1 hours, SA borders ~7,6 hours (↑3%).
  • The dry bulk industry has experienced a ↓0,7% (y/y) decline in trade across all sectors this year.
  • The “WCI” decreased for the 39th consecutive week, with spot rates down ↓7% ($187) to $2 404 per 40ft.
  • Blank sailings continue, with Drewry’s “Cancelled Sailings Tracker” hovering at a ~14% cancellation rate.
  • Container charter rates have stabilised after falling ↓70% since August, as liners look to sub-let surplus space.

Port operations – General:

  • Port operations this past week were typified by the usual subjects (equipment breakdowns and shortages, adverse weather, backlogs, network challenges, and congestion).
  • For example, 11 hours were lost on Tuesday due to network challenges in Cape Town, while NCT was windbound for around 16 hours on Thursday.
  • On Wednesday, an incident involving a straddle carrier occurred, which stalled operations at the Durban for 2 hours.
  • Furthermore, theoretical training regarding the new Cape Town shore tensioner kicked off this week, with two practical training sessions still to be completed before the tensioner can be fully utilised.

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