Singapore, Tg Pelepas, Port Klang could face congestion from Middle East-bound boxships; capacity shortage feared
Bottlenecks will worsen if Strait of Hormuz closure persists, with Colombo likely to be the worst hit
[SINGAPORE] Port congestion in Asia’s key transhipment hubs stemming from the Middle East conflicts is expected.
Some shipping lines have already made requests to Singapore to stage some of their Middle East-bound containers in the Republic, The Business Times has learnt, as the shipments cannot be transported directly to the war zone.
This comes as industry watchers said the military conflicts could cause port congestion in Asian transhipment hubs, such as Singapore and Malaysia’s Tanjung Pelepas and Port Klang.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
As luxury retail goes big, can Singapore’s Orchard Road keep up?
Singapore releases Economic Strategy Review Final Report, with more detailed proposals
Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass