Global port congestion intensifies! 2 million TEU capacity trapped! This freight rate is hopeless. The freight rate will increase again in June
Currently, Singapore has become the latest congestion hotspot. Singapore is the world's second busiest container port, and its congestion has reached a critical level, exacerbating the shortage of ships and containers. According to Linerlytica data, container ships must wait up to 7 days to berth in Singapore, and the total capacity waiting for berthing has risen to 450,000 TEUs in recent days. The bottleneck in Singapore is mainly due to diversions caused by the Red Sea crisis, and