Despite shortage, containers rotting in depots?

Container availability across China is still at a record-low, while US ports are overwhelmed by a surge of shipping containers from Asia, full of products retailers are eager to get on shelves for the holidays.

CAx 40HCs for Shanghai | Above 0.5 indicates a surplus and below 0.5 indicates a deficit of containers Source: Container xChange

Due to the fastest increase in demand after months full of blank sailings, container availability for 40HCs is only at 0.05 CAx points compared to 0.63 at the same time last year, according to the Container Availability Index.

Although the US East Coast is usually a surplus location of equipment (last year’s CAx value for 40DC was 0.7), this, the container availability dropped to 0.43 indicating actually less containers than needed.

Containers spend 45 days on average in depot

Average and median time of containers (in days) between “empty in depot” and “empty dispatched” | Source: Research Project FraunhoferCML & Container xChange

Although containers are very much in need, they still spend on average 45 days empty at depots according to a research project by FraunhoferCML and Container xChange.

Especially in regions with low container availability such as China and the US, the average is comparably high with 61 and 66 days compared to the global average of 45 days.

The high standard deviation of 85 days in North America and 129 days across Asia indicates many cases where containers spend far more days inside depots than the average suggests.

Compared to the Middle East (21 days on average) and Europe (23 days on average) it takes more than 30 extra days to move containers out of the depots and make money with them.

December 16, 2020
Freight

Top Ocean Freight Forwarders 2020

Rank
Company
Headquarters
Ocean Containers
1
Kuehne + Nagel
Switzerland
4,861,000
2
Sinotrans Ltd.
China
3,740,000
3
DHL Global Forwarding
Germany
3,207,000
4
DB Schenker USA
Germany
2,260,000
5
DSV Panalpina A/S
Denmark
1,907,126
6
Kerry Logistics Network
Hong Kong
1,325,000
7
Expeditors International of Washington
United States
1,125,137
8
C.H. Robinson Worldwide
United States
1,000,000
9
Hellmann Worldwide Logistics
Germany
955,800
10
Fr. Meyer’s Sohn
Germany
850,000
11
Bollore Logistics
France
839,000
12
Yusen Logistics/NYK Logistics
Japan
815,000
13
Geodis
France
798,137
14
Ceva Logistics
Switzerland
786,600
15
Agility Logistics
Kuwait
740,000
16
Nippon Express
Japan
703,061
17
Kintetsu World Express
Japan
700,043
18
Logwin Logistics
Luxembourg
690,000
19
AllCargo Logistics
India
684,000
20
OOCL Logistics
Hong Kong
650,000
21
Leschaco
Germany
636,000
22
Worldwide Logistics Group
China
630,218
23
UPS Supply Chain Solutions
United States
620,000
24
Damco/Maersk Logistics
The Netherlands
577,084
25
Cargo Services Far East
Hong Kong
556,000
26
Dachser
Germany
536,900
27
Toll Group
Australia
533,600
28
China Resources Logistics (Group)
Hong Kong
500,000
28
LF Logistics
Hong Kong
500,000
30
Honour Lane Shipping
Hong Kong
418,630
31
Kingway Transportation Company
China
400,000
31
Mallory Alexander International Logistics
United States
400,000
33
Mainfreight Ltd.
New Zealand
342,741
34
Cargo-Partner
Austria
314,067
35
CJ Logistics
South Korea
309,851
36
BDP International
United States
302,000
37
Chinatrans International Logistics
China
300,000
38
Noatum Logistics
Spain
289,100
39
Hitachi Transport System
Japan
260,000
40
Zhejiang Jiulong International Logistics
China
250,000
41
Nissin Corp.
Japan
230,000
42
Dimerco Express Group
Taiwan
225,800
43
De Well Group
China
210,000
44
EFL
Sri Lanka
201,958
45
Odyssey Logistics & Technology
United States
200,000
46
Horizon Air Freight
United States
200,000
47
Asia Shipping Transportes Internacionais
Brazil
195,000
48
Sino-Ocean Group
China
192,000
49
Zhejiang Chasen Freight Forwarding
China
180,000
50
CWT Ltd.
Singapore
170,000
December 15, 2020
Freight