As a result, container prices in Singapore have risen by 26% since October 2023
SINGAPORE: Prolonged congestion at Singapore’s port is expected to continue through June and possibly beyond due to three main factors.
This surge in container volume has caused substantial berthing delays of up to two to three days. Off-schedule arrivals have further worsened these delays.Another major factor contributing to the congestion is vessel bunching. Disrupted global shipping schedules have caused ships to arrive in clusters rather than at staggered times, overwhelming terminal operations.The broader global shipping environment is also a significant factor.
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