Maersk Europe Market Update – June 2024

Ocean Update

The effects of the situation in the Red Sea continue to cause industry-wide disruptions – as from January 2024, around 25% of the Global Shipping Capacity was diverted from the Red Sea, adding thousands of miles and one to two weeks to transit times. Likewise, we have seen a number of operational constraints, such as increased vessel waiting times and high yard densities at transhipment hubs.

To minimise disruptions for our customers, our teams have taken a number of actions, including adding between two and three vessels to our services from Asia to North Europe, and between three and four vessels to our services from Asia to Mediterranean. Our teams have also worked on adding over 125,000 containers to the market to avoid equipment shortages, and our terminal teams continue to work at full capacity to safeguard cargo flows across our terminals. For the latest service updates, please click here. For information on Red Sea / Gulf of Aden-related surcharges for cargo from Far East Asia, click here.

Key Ports Update

In the north of Europe, hubs and terminals are showing an overall healthy performance, with no expected weather disruptions in the coming weeks. In Rotterdam, Hamburg, and Aarhus, we are seeing an increase in yard densities and longstanding units. Customers are kindly asked to clear their longstanding units and pick up import containers as soon as possible after discharge.

Our teams are keeping a close coordination with the terminal to reduce the impact and currently assessing options to reduce the congestion.

Likewise in the Adriatic, ports of Koper and Rijeka are seeing some waiting times and increased yard density of both full and empty containers. To avoid the cost of storage on the container yard, and help alleviate the situations, we kindly ask customers to clear their longstanding import units.

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Air Freight Update

Please click here to find helpful information about our air freight network and our services to and from Europe.

Inland Update

Heavy floods in the south of Germany are having an impact on our inland network and resulting in train cancellations and stoppages, as well as road closures in several areas. As the situation is ongoing and flooding is expected to continue, it is difficult to assess the full extent of its impact.

As demurrage and detention charges can pose significant cost to customers, our Inland Container Yard products include pick-up and drop-off charges to reduce the risk of these charges, as well as add a level of reliability to our customers’ supply chains. To easily view our inland network across rail, road, or barge from European ports to your destination, visit our Inland Services page.

Customs Update

The second release of the EU’s Import Control System (ICS2) went into effect on 3rd June 2024, with the goal of enhancing the user experience through better data processing, advanced security, and a more intuitive interface. ICS2 requires detailed data on imported goods, including 6-digit HS codes, descriptions, and details of the buyer and seller.

Businesses importing into the EU, Norway, Switzerland, or Northern Ireland must now submit a complete Entry Summary Declaration (ENS) dataset to ICS2, covering all modes of transport, including postal and express carriers. Non-compliance may lead to delays, disruptions, fines, and penalties. Click here for more information.

Last year, Carbon border Adjustment Mechanism (CBAM) began its transitional phase during which European businesses must submit quarterly reports for goods imported under the CBAM scope. Recent reports suggest many companies have not submitted their required reports – potentially causing difficulties for their business further down the line. Find out more about the impact of CBAM and what European importers need to know going forward.

Ecommerce Update

The European Parliament has adopted new measures that will see empty space in parcels decrease significantly, meaning businesses should already start to monitor how much of their parcel space is left unused. While this regulation aims to tackle growing waste, reducing the amount of unused space in parcels could lead to further savings with carriers that already charge volumetric weight for their last mile deliveries. Businesses should consider adapting their packaging to four to six different sizes that are able to hold most of the products while maintaining logistics efficiency.

In France, for example, 70% of online shoppers say they prefer retailers that offer eco-friendly delivery options. Despite the existing demand, carriers able to offer such solutions are quite rare, or only located in the big cities with high population count. So far, businesses have not ventured out into more sustainable delivery solutions due to them being seen as more expensive – however offering them along other solutions allows businesses to test their appeal and compare their usage and cost with express and standard delivery options.

Elsewhere in online sales, marketplaces are seeing significant growth particularly in Germany, where marketplace sales account for over half of all online sales. While marketplaces offer more opportunities for brand discovery and increase in online sales, an adapted IT integration with all involved platforms and marketplaces is key to being able to collect data and orders from all channels and use them to inform decisions going forward.

At Maersk, our teams are able to advise customers on the solutions most suited to their business and customer profile. To find out more about how our teams can help provide the best last mile solution for your business, meet us on 5 and 6 June at DELIVER in Amsterdam, or head to our E-Delivery page.

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