Chinese New Year rush and threat of tariffs leaves box ports congested
The Chinese factory rush to get goods out before the new year holiday, and the ...
Congestion in Singapore, the world’s second-busiest container port, has reached a critical level, compounding the shortage of ships and containers.
Data from Linerlytica indicates that containerships have to wait up to seven days to berth in Singapore, recently seeing up to 450,000 teu of vessels in the queue.
And port congestion globally is worsening and has tied up 2m teu of ships, nearly 7% of the fleet, which is lending support to carrier rate hikes.
The bottlenecks at Singapore are mainly due to ...
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