Port congestion has returned to haunt the container markets, with Singapore
becoming the latest chokepoint. Berthing delays at the world’s second largest
container port of up to 7 days with the total capacity waiting to berth rising
to 450,000 teu in recent days.
The severe congestion has forced some carriers to omit their planned Singapore
port calls, which will exacerbate the problem at downstream ports that will have
to handle additional volumes. The delays have also resulted in vessel bunc