port
SG port congestion eases, northern Asia delays persist
SG port congestion eases, northern Asia delays persist
Carriers are rerouting to alternative ports in Malaysia, India, and Sri Lanka.
Prolonged shipping disruptions raise inflation risk: Nomura
Year to date, freight costs have already risen by 97% YoY.
Port wait time falls, but the Red Sea crisis causes delays
The average wait time at the port has declined to two days at most.
3 factors causing prolonged congestion at Singapore’s port
Global congestion raised container prices in Singapore by 26% since October.
PSA International’s net profit dwindles to $1.5b in FY2023
The decline was caused by inflation and higher finance costs.
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