Shipping congestion in Singapore port increases 10 times container prices on some routes

Securities Times e company news, as the epidemic continues to repeat, port congestion has been staged in many countries around the world this year. The Port of Singapore is one of the largest container ports in the world. This year, the port congestion is very severe. The waiting time for sea ships at the port has changed from 2-3 days to 7-10 days; the price of containers has increased by 3-5 times. Some routes even turned 10 times. In order to shorten the waiting time at the seaport, many container ships are transferred to inland ports for customs clearance, and then transported to their destinations by rail and road. (CCTV Finance)