Prolonged Suez blockage may delay vessels, trap goods for Singapore
Freight rates for certain routes and insurance claims could rise, PSA may need to initiate steps to tackle backlogs, say market watchers
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Singapore
MARITIME players and observers are still assessing the impact of the blockage of the Suez Canal, with expectations that freight rates may move up for certain routes, and insurance claims could spike.
For Singapore, there could be short-term impact in terms of delays in arrival times and disruption to supplies.
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