CONTAINER congestion at Singapore's port has reached a record high, the worst since the Covid crisis, due to rerouted vessels avoiding the Red Sea, reports Reuters.
This disruption has led to port backups, surging rates, and container shortages across Asia and Europe.
Retailers and manufacturers are struggling with increased rates, delays, and shortages of empty containers.
The average cargo offload volume in Singapore jumped 22 per cent from January to May, impacting port productivity.
The average wait time to berth a container ship in Singapore is now two to three days, with some delays lasting up to a week.
To address the congestion, Singapore's Maritime and Port Authority (MPA) has reopened older berths and yards and will open more berths at Tuas Port.
The annual peak shipping season has exacerbated the situation, driven by restocking activities and early shipping of goods in anticipation of higher demand.
SeaNews Turkey
This disruption has led to port backups, surging rates, and container shortages across Asia and Europe.
Retailers and manufacturers are struggling with increased rates, delays, and shortages of empty containers.
The average cargo offload volume in Singapore jumped 22 per cent from January to May, impacting port productivity.
The average wait time to berth a container ship in Singapore is now two to three days, with some delays lasting up to a week.
To address the congestion, Singapore's Maritime and Port Authority (MPA) has reopened older berths and yards and will open more berths at Tuas Port.
The annual peak shipping season has exacerbated the situation, driven by restocking activities and early shipping of goods in anticipation of higher demand.
SeaNews Turkey
