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We want to inform you about the critical congestion levels at Singapore, the world’s second-busiest container port. This congestion is significantly affecting the global shipping industry and compounding the ongoing shortage of ships and containers. Current Situation: -Data from Linerlytica shows containerships face up to a seven-day wait to berth in Singapore. -Recently, up to 450,000 TEU of vessels have been in the queue. -Globally, port congestion has tied up 2 million TEU of ships, nearly 7% of the fleet, driving carrier rate hikes. Causes: -Diversions due to the Red Sea crisis. -Shipping lines are skipping Port Klang in Malaysia. -Normally, ships berth upon arrival or wait only half a day in Singapore. Implications: -Some carriers are omitting planned calls in Singapore, causing downstream port congestion. -Delays result in vessel bunching and schedule disruptions at subsequent ports. -Expected congestion worsening in June, pushing operators to secure new containers and charter ships beyond September. Rate Impact: -Significant upward pressure on rates ahead of planned hikes on 1 June and 15 June. -Asian ports are most affected, with Southeast Asia accounting for 26% of global bottlenecks and north-eastern Asia for 23%. -The congestion impacts Asia-Europe service reliability, raising China's container futures prices by 6% since 20 May. We are closely monitoring the situation and will keep you updated on any significant developments. For any assistance connect with our team at info@aabiport.com. Read More at: https://shorturl.at/ETH3G Source: theloadstar.com #oceanfreight #portcongestion #singapore #aabiport

Nearly half a million containers are waiting at the Port of Singapore. The world’s second-largest container port is experiencing delays of up to seven days. The growing port congestion in Singapore, driven by diversions from the Red Sea and increased transit times, is creating significant challenges for global shipping. As the situation worsens, shipping costs are rising, and delays are becoming more frequent. The congestion at Singapore is leading to vessels waiting outside associated anchorages, further from the port. According to Hong Kong-based market intelligence firm Linerlytica, Southeast Asia accounts for over a quarter (26 percent) of the current congestion, with North-Eastern Asia close behind at 23 percent. Among these, Singapore stands as the epicentre of the backlogs, with up to 450,000 TEU waiting for shipping. Under normal conditions, vessels faced a half-day wait for a berth in Singapore. Now, the wait time has extended to up to seven days. To manage longer transit times and growing delays, carriers are skipping less busy ports like Port Klang, Malaysia. This has caused boxes to pile up or be rerouted to already strained ports like Singapore, increasing vessel bunching along the routes. Linerlytica estimates that two million TEU of ship capacity, or seven percent of the global fleet, is currently caught in congestion. These pressures are contributing to sudden increases in shipping costs, with prices returning to pandemic levels as a new wave of port congestion spreads through the market. #MPA #PSA #redseadiversion #suezcanal #COGH #portklang #portcongestion

🚢 Singapore Port Congestion Reaches Critical Level 🌏📈 Singapore, the world’s second-busiest container port, is facing severe congestion, causing major delays and impacting global shipping. Here’s a snapshot of the situation: 🔹 Current Delays: Containerships are waiting up to seven days to berth, with 450,000 TEU of vessels queued. Globally, port congestion has tied up 2 million TEU of ships, nearly 7% of the fleet, supporting carrier rate hikes. 🔹 Causes: The congestion stems from diversions due to the Red Sea crisis and shipping lines bypassing Malaysia’s Port Klang. Typically, ships would berth upon arrival or wait half a day. 🔹 Impact: Omitted Calls: Some carriers are skipping Singapore, increasing pressure on downstream ports, causing vessel bunching and schedule disruptions. Rate Hikes: Congestion is driving up shipping rates, with planned increases on 1 June and 15 June, putting significant upward pressure on costs. 🔹 Global Effects: Asian ports are hardest hit, with Southeast Asia accounting for 26% of global bottlenecks and northeastern Asia 23%. This impacts the reliability of Asia-Europe services. 🔹 Market Response: China’s container futures closed higher at $4,209/TEU for the EC2406 contract, a 6% increase since 20 May and a 25% premium on the Shanghai Containerized Freight Index. The congestion underscores the interconnected nature of global trade and its effects on shipping rates and schedules. Stay tuned for updates! 📦⛴️ #shippingnews #globaltrade #portcongestion #singaporeport #containershipping #logistics #supplychain #freightrates #martinaliana #maritimeindustry #eximtales

Container prices surge 26%; lines shifting some transshipment from Singapore to regional ports amid congestion Rise from October 2023 to May 2024 reflects spike in demand for capacity amid global port congestion, says Container xChange THE average shipping container prices in Singapore has increased by 26 per cent from October 2023 to May 2024, reflecting a “substantial increase” in demand for capacity amid global port congestion. In Singapore, the average price of 20-foot (ft) dry containers was US$950 in September 2023, but has since risen to US$1,211 in the last week of May.... https://bit.ly/3VkKIYf LetsTalkCity #Singapore #Ports #Shipping #SoutheastAsia Chong Xin Wei Via www.businesstimes.com.sg

Singapore Port Congestion Alert! As of June 10, 2024: Berthing delays up to 7 days 380,000 TEU of container vessels delayed Global container freight index surged 30% in May 2024 Container volumes in Singapore increased by 8.8% in Q1 2024 63% of shipments delayed in Singapore region MSC (Maritime Container) has the highest on-time shipments in Singapore region Singapore port congestion doubles in May 2024 Stay informed, stay ahead! Keep an eye on these developments and plan your shipments accordingly. #oceanfreight #shipping #supplychain #logistics #singaporeport #portcongestion"

“*Singapore Port Congestion Update* As of June 19, 2024, Singapore port congestion continues to be a major issue, with: - Berthing delays of up to seven days - Approximately 450,000 TEU of container vessels delayed - 6.8% of the global fleet affected - Carriers skipping calls to Singapore and Port Klang in Malaysia - Other Asian ports like Shanghai, Qingdao, and Port Klang also experiencing congestion The main cause of the congestion is ships returning to Asia off-schedule after longer voyages around the African Cape due to the Red Sea crisis and missed weekly sailings. *Stay ahead of the supply chain curve with A2S!* Contact us to learn how our expertise can help you navigate these challenging times. #A2S #SingaporePortCongestion #SupplyChainSolutions”

Port congestion in Southeast Asia has escalated to unprecedented levels, particularly impacting #Singapore. The region is facing significant berthing delays as vessels are diverted due to unrest in the Red Sea and carriers bypass Port Klang, Malaysia. Vessels calling at Singapore are now experiencing delays of four to five days, a stark increase from the usual half-day wait. Data from S&P Global Commodity Insights highlights a sharp rise in container ship arrivals, with 140 vessels arriving within just four days in May, compared to 639 throughout April. This congestion is exacerbated by ships returning to Asia out of schedule due to extended journeys around the Cape of Good Hope. The longer supply chains caused by these diversions have left carriers with insufficient tonnage to manage effectively. As a result, Singapore has been hit by a shortage of ships and containers, leading to more than a doubling of shipment delays. https://lnkd.in/diMkmx9a

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 the diversions caused by the Red Sea crisis and shipping lines skipping the less busy Port Klang in Malaysia. In normal circumstances, ships can berth upon arrival in Singapore, or wait half a day at most. Linerlytica’s report today says: “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 bunching, which is causing spillover congestion and schedule disruptions at downstream ports.” The consultancy says port congestion is expected to worsen in June, compelling liner operators to secure new containers and commit to chartering ships beyond September. And ahead of box lines planned rate hikes for 1 June and 15 June, the port congestion is putting significant upward pressure on rates. Asian ports are the most congested, with ports in South-east Asia accounting for 26% of global bottlenecks, while north-eastern Asian ports make up 23%. As congestion in Singapore has a considerable impact on the reliability of Asia-Europe services, trading of China’s container futures closed at a higher price of $4,209/teu for the EC2406 contract, which expires on 24 June. The price is 6% higher than on 20 May and a 25% premium on the Shanghai Containerised Freight Index. #Singapore #ContainerNews #SouteastAsia #China #Europe #Shanghai #Freight #Asian

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 the diversions caused by the Red Sea crisis and shipping lines skipping the less busy Port Klang in Malaysia. In normal circumstances, ships can berth upon arrival in Singapore, or wait half a day at most. Linerlytica’s report today says: “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 bunching, which is causing spillover congestion and schedule disruptions at downstream ports.” The consultancy says port congestion is expected to worsen in June, compelling liner operators to secure new containers and commit to chartering ships beyond September. And ahead of box lines planned rate hikes for 1 June and 15 June, the port congestion is putting significant upward pressure on rates. Asian ports are the most congested, with ports in South-east Asia accounting for 26% of global bottlenecks, while north-eastern Asian ports make up 23%. As congestion in Singapore has a considerable impact on the reliability of Asia-Europe services, trading of China’s container futures closed at a higher price of $4,209/teu for the EC2406 contract, which expires on 24 June. The price is 6% higher than on 20 May and a 25% premium on the Shanghai Containerised Freight Index. #Singapore #ContainerNews #SouteastAsia #China #Europe #Shanghai #Freight #Asian

PORT CONGESTION - June 4, 2024 Congestion at Asian ports remain at elevated levels Container port congestion at key Asian ports continue to worsen, with berthing delays worsening at China and Southeast Asia hubs. Although the total capacity waiting at Singapore has eased slightly from 450,000 teu a week ago to 380,000 teu, the strain has shifted to Port Klang and Tanjung Pelepas. Waiting times have also risen across all main Chinese port regions with Shanghai and Qingdao experiencing the longest delays. Overall congestion globally has edged up further to 2.10m teu with further - SOURCE BY https://lnkd.in/gxbG4EUz