🚢 Singapore Port Reopens Terminals to Combat Congestion The Maritime & Port Authority of Singapore (MPA) has reopened older berths at Keppel Terminal to address congestion at the world's largest transshipment hub. This move increases the port's weekly handling capacity from 770,000 TEU to 820,000 TEU. Despite an 8.8% year-on-year growth in container volumes, reaching 13.36 million TEU, carriers' efforts to catch up on schedules have caused delays and increased vessel wait times. Currently, 47 vessels are waiting for a berth, with 53 undergoing cargo operations. Global schedule reliability has dropped to just over 50%, worsening delays and costs for carriers and forwarders. Stay updated on these changes and plan accordingly to navigate the ongoing supply chain disruptions. #Shipping #Logistics #SupplyChain #SingaporePort #consolalliance Read the full article from The Loadstar https://lnkd.in/eng4SN_n
Consol Alliance’s Post
More Relevant Posts
-
Authorities battling congestion in Singapore port have reopened shuttered terminals to alleviate the mounting pressure on the world’s largest transhipment hub. The increase in container vessels arriving off-schedule and the increased container volumes handled resulted in longer vessels’ wait time for a container berth. The increased demand on container handling in Singapore is a result of several container lines discharging more containers as they forgo subsequent voyages to catch up on their next schedules. The number of containers handled per vessel has also increased. Meanwhile, new schedule reliability data released by Sea-Intelligence today says global schedule reliability has fallen to just over 50%, compared with around 65% at this point last year. https://lnkd.in/gjZEyrjg
Singapore Reopens Defunct Container Terminals to Tackle Vessel Bunching
https://gcaptain.com
To view or add a comment, sign in
-
Singapore Port Reopens Defunct Container Terminals to Handle Increasing Port Congestion Check out this article 👉 #Singapore #ContainerTerminals #Port #Shipping #Maritime #MarineInsight #Merchantnavy #Merchantmarine #MerchantnavyShips
Singapore Port Reopens Defunct Container Terminals to Handle Increasing Port Congestion
https://www.marineinsight.com
To view or add a comment, sign in
-
Red Sea crisis continues to disrupt shipping schedules..! Singapore’s transport minister said in parliament yesterday that the Maritime and Port Authority of Singapore (MPA) and port operator PSA were in discussions with liner operators to optimise vessel arrival times and operations to improve turnaround. Chee Hong Tat said nearly all containerships bound for Singapore were arriving late, as the Red Sea crisis continues to disrupt shipping schedules. So far this year, 90% of boxships calling at the world’s second-busiest port were not berthing on time – the 2023 average was 77%, he said. Using a just-in-time system could allow delayed ships to refuel and replenish supplies while waiting to berth. #shipping #logistics #freightforwarding https://lnkd.in/etCDnNQP
With almost all box ships arriving late, Singapore acts to reduce time in port - The Loadstar
https://theloadstar.com
To view or add a comment, sign in
-
Since the start of 2024, Singapore has seen a 4.5% increase in vessel arrivals year-on-year, totaling 1.04 billion GT from January to April. Chief Executive of the Maritime and Port Authority, Eng Dih Teo, reported that while tankers and bulk carriers operate smoothly, container vessels, which account for about a third of arrivals, face longer waiting times for berths due to an 8.8% rise in container volume to 13.36 million TEUs. Container vessel tonnage increased to 72.4 million GT monthly, partly due to vessels diverting around the Cape of Good Hope, causing congestion. To manage this, PSA Singapore collaborates with liners to adjust schedules, although average waiting times remain 2-3 days. With rising volumes, older berths at Keppel Terminal are reactivated, and PSA's capacity increased. The Drewry index for container shipping rates soared 151% year-on-year, reflecting high demand and anticipated further rate increases. #SingaporeShippingSurge #MaritimeGrowth #VesselArrivals #ContainerVolumeUp #PortCongestion #PSACapacityBoost #TonnageIncrease #FreightRatesRising #SupplyChainAdjustments #MaritimeAuthorityUpdate #logupdateafrica
Port of Singapore boosts capacity to meet surging demand
logupdateafrica.com
To view or add a comment, sign in
-
BUCKLE UP, WE'RE IN FOR A BUMPY RIDE! Singapore reopens old terminal to tackle congestion ....... but is it a case of "the horse has bolted"? This week has seen a flood of freight rate increase notices from almost every ocean carrier. In these increasingly challenging times, many will see this as another bitter pill to swallow. The combination of congestion at key transhipment ports, equipment shortages & the EU, UK & US trades achieving much higher returns suggests another "perfect storm" is heading our way? It's a certainty, the 2nd half of 2024 will be full of challenges for Australian importers & exporters alike! However, without information how can we possibly plan ahead? If you'd like further insights, advice & supply chain support, please feel free to reach out at any time. [email protected]
Singapore Reopens Defunct Container Terminals to Tackle Vessel Bunching
https://gcaptain.com
To view or add a comment, sign in
-
To staunch the severe congestion building up at the world’s largest container transhipment hub, PSA Singapore has reactivated older berths and yards that have previously been decanted at Keppel Terminal, while also adding significant manpower to battle the box build-up. “Port congestion has returned to haunt the container markets, with Singapore becoming the latest chokepoint,” warned a report from Asian container consultancy Linerlytica, published on Tuesday, which noted berthing delays are now up to seven days at the world’s second largest container port with the total capacity waiting to berth rising to more than 500,000 teu in recent days. Carriers will continue to push for higher and higher freight rates. https://lnkd.in/efTmu7j5
Singapore brings shuttered terminals back online to battle severe box congestion - Splash247
https://splash247.com
To view or add a comment, sign in
-
Singapore Port Expands to Meet Growing Demand As global trade intensifies, Singapore's Maritime and Port Authority reports significant increases in vessel arrivals and container handling in the early months of 2024. To keep pace with escalating demands, PSA Singapore has implemented several strategic enhancements to its capacity: Vessel Arrivals: Overall vessel arrival tonnage increased by 4.5% year-on-year, reaching 1.04 billion gross tonnage in the first four months. Container Growth: Container volumes rose by 8.8%, with a total of 13.36 million TEUs handled. Waiting Times: Despite most container vessels being berthed upon arrival, the average waiting time has reached 2-3 days due to increased traffic. Capacity Enhancement: Reactivation of older berths at Keppel Terminal has raised PSA’s weekly container handling capacity from 770,000 TEUs to 820,000 TEUs. New Berths: The opening of three new berths at Tuas Port is being expedited to further increase capacity. Freight Rates: The Drewry world composite index has surged 151% year-over-year, indicating a sharp rise in freight rates amid growing container demand. For detailed insights into how Singapore is adapting to these challenges, read the full article: https://lnkd.in/gz8hmy7u #shippingnews #singaporeport #oceafreight #aabiport
Singapore Port increases capacity to meet growing demand
itln.in
To view or add a comment, sign in
-
Montreal port terminal has first direct call from China. Heavy-lift vessel marks historic route. Supply chain issues brought together a Dutch-operated ship chartered by a U.S. forwarder to make a historic call at a Canadian port. Montreal Gateway Terminals Partnership, a terminal operator at the Port of Montreal, announced its first vessel call originating directly from China. The heavy-lift vessel Happy Rover arrived in Montreal Nov. 14 under charter agreement with Houston-based forwarder Fracht FWO Inc., MGTP said in a release. The 453-foot ship had departed Taicang, China, on Sept. 29 and transited the Panama Canal on Oct. 29 after calling Busan, Korea. It was operated by Biglift Shipping B.V., a heavy-lift specialist headquartered in Amsterdam. The call marked the first time in its 50 years that MGTP had received a direct China call. After discharging unspecified cargo for routing inland by truck, the Netherlands-flagged Happy Rover departed a day later for the Great Lakes with a final destination of Thunder Bay, Canada, the release stated. “The first direct shipping link, without transshipment, between Asia and the Port of Montreal demonstrates the fluidity of the trade and the availability of our installations in Montreal,” said Guillaume Brossard, vice president, growth and development, for the Montreal Port Authority, in the release. The port said Fracht and Fracht Canada Freight Inc., earlier this year had reached out to MGTP to evaluate the option of moving their customers’ freight through Montreal. The MGTP complex comprises the Sections 62 and 77 container facilities. A total of nine ship-to-shore gantry cranes handle dry and refrigerated containers across 134 acres. https://lnkd.in/e-CFkadT #Montreal #portofMontreal #containershipping #imports #shipping #china
Montreal port terminal has first direct call from China
freightwaves.com
To view or add a comment, sign in
-
Singapore Boosts Container Handling Capacity As More Ships Call #maritimenews #shippingindustry #marineinsight #singaporebusiness #shipsupplysoftware #shipsupplysolution #supplylogic365 #supplychainmanagement #singapore #containerhandling #capacityboost #tuasport
Singapore boosts container handling capacity as more ships call
straitstimes.com
To view or add a comment, sign in
-
I’m so glad that I spent some time down at Gage Roads last weekend when there was some movement in Fremantle’s Inner Harbour. Not much was happening there yesterday with the 48 hours protected industrial action starting from 0530hrs on Sunday 18 August. Neil Chambers' Container Transport Alliance Australia (CTAA) has given this detailed wrap up of the goings on at the terminals: "As far as container vessel movements are concerned, as of today (Sunday, 18 August), the Sydney Express (Hapag Lloyd) is alongside at Patrick Fremantle Terminal having arrived yesterday morning (17 August 2024). No vessels are alongside at DP World Fremantle Terminal, and coincidently the DP World Terminal is closed for scheduled maintenance work with road receival & delivery operations recommencing at 0600hr Tuesday, 20 August 2024. According to expected container vessel arrival schedules, the Maersk Yellowstone is due to arrive in Fremantle from Singapore in the early hours of Monday, 19 August, the OOCL Panama in the evening of 19 August, and the MSC NURYA G, in the early hours of Tuesday, 20 August. It is presumed that these arriving container vessels will be impacted by the withdrawal of Vessel Traffic Services (VTS) at the Port and their berthing will be delayed. It is also presumed that Sydney Express will not be able to depart the Port until VTS resumes. This industrial action comes at a time also when Western Australian importers & exporters are experiencing changing container shipping patterns and capacity allocations by international shipping lines servicing Fremantle, higher ocean freight rates and surcharges, and cargo congestion delays in the major transshipment port of Singapore. It is hoped that the parties to the Fremantle Ports’ industrial dispute are able to continue good-faith negotiations to reach an enterprise agreement solution without the need for further protected industrial action” It certainly feels like the Maersk Yellowstone has suffered delays on delays since the vessel joined this service. Here’s hoping that the MH Green and Xiamen are able to remain on schedule following on from this set back. Interim changes have to the Asia port rotations have been made for this service. Vessels now call Singapore, then Tanjung Pelapas and onto Fremantle. Previously the port calls were Tanjung Pelapas – Singapore then Fremantle. Fingers crossed for a quick resolution 🤞
To view or add a comment, sign in
839 followers