Port of Singapore Dealing With Extensive Congestion
There’s been reports that the Port of Singapore is experiencing significant amounts of congestion.
According to Linerlytica, berthing delays at the port have been up to 7 days and total capacity waiting to berth at the port has been at 450,000 TEUs in recent days.
They have reactivated some of their older berths and yards to help mitigate this backlog. This will allow the Port to handle 50,000 more TEUs weekly. The Port also plans to add three new berths with operations for those set to begin later this year.
It’s been a busy year so far for the Port of Singapore. In a statement, the Port says they have continued to see a significant increase in vessel arrivals since the start of this year. They noted they have handled 13,390,000 TEUs from January to April – an 8.8% increase in container volumes compared to the same period last year.
Global Schedule Reliability in April Reverts to January 2024 Levels
Global schedule reliability in the month of April decreased by 2.5 percentage points when compared to the month prior (March).
This is only 0.6 percentage points higher than the lowest point this year (January), per data compiled by Sea-Intelligence. However, when compared on a year-over-year basis, the month of April 2024 is still 12.1 percentage points higher than in April 2023.
Schedule reliability is important because it provides a sense of security that your goods will arrive on their scheduled time. The on-time scheduled arrival of your goods plays a crucial role in the shipping process and can ultimately play a role in your customers satisfaction.