Singapore Port Container Logjam Worsens as Ships Avoid Red Sea

-- Singapore ’s port, already one of the busiest in the world, is facing a sustained period of congestion as vessel diversions to avoid the Red Sea push more container ships to the Asian maritime hub.The attacks by Yemen’s Houthi rebels have resulted in shipowners opting not to transit the Suez canal and taking the longer route around the Cape of Good Hope at the southern tip of Africa.

Container volumes in Singapore totaled 16.9 million twenty-foot equivalent units, or TEUs, in the first five months of the year, almost 8% higher than the same period in 2023, the Maritime and Port Authority of Singapore said in a statement. Container lines including CMA CGM SA had moved more tonnage through the city-state’s port, the authority said.

“While these inefficiencies are largely centered in the exporting regions in Asia and some trans-shipment hubs, it will only be a matter of time before these issues relay on to the importing destinations in EU and the US,” they said. “The bull has further to run” for container freight rates, they said.

The logjams are only emerging now, months after the Red Sea attacks intensified in January, Krishna said. That’s because “there’s always some spare capacity in ports and container yards, so it took time for the Singapore port to reach its maximum utilization level.”Crude quality issues on TMX pipe may hamper flows from Canada to US West Coast refiners

Container Ships Singapore Container Port Jayendu Krishna

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