with the removal of more than 2% of container ship supply since March. Singapore, Dubai, and the Mediterranean have been identified as major hotspots.
The Port of Singapore, the world’s second-largest container hub, is facing vessel docking delays of up to seven days, with the total capacity of containers waiting to berth reaching 450,000 TEUs.
This severe congestion has forced several shipping lines to omit scheduled port calls in Singapore, worsening the situation at subsequent ports that must now handle these additional volumes. Inefficiencies in cargo movement have led carriers to cancel regional calls and blank sailings on longer routes to restore schedule reliability, driving spot freight rates to their highest levels seen outside the COVID-19 era.
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