Singapore port to help ease global supply chain crisis, but it comes at a ‘cost’: Chee Hong Tat

Global supply chains have been under pressure amid the COVID-19 pandemic, which has reduced manpower, delayed ships and caused bottlenecks at major ports worldwide.

But the minister said Singapore’s reputation as a “catch-up” port means it wants to help ease some of this congestion, by ramping up its port capacity and resources, as well as helping shipping lines reroute their cargo and better plan their logistics. “By relying on our excellent connectivity, and our strong reputation for efficiency and reliability, we have become the go-to port for shipping lines to catch up on lost time and connections, and also to untangle some of their operational challenges,” he added.

The operator is also working with small- and medium-sized enterprises in Singapore to facilitate cargo flow from China to Singapore, enabling several local projects to complete on schedule. “Because what it means is that the boxes now stay in our yard much longer than before ... and also, long-dwelling boxes in our yard then put additional pressure on our operations,” he said.

When asked whether the supply chain disruptions would affect food prices in Singapore, Mr Chee said Singapore has always sought to reduce its reliance on a single source.

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