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Ship Queues Worsen Port Delays From Singapore to Greece

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The world's largest shipping hubs are suffering elevated levels of congestion as containers pile up at seaports from Singapore to Greece's ... Clickheretocontinuetothenews Thisadwillcloseinseconds Skiptomaincontent Share BusinessLogistics KevinVarley|BloombergNews November2,202110:45AM,EDT ShipQueuesWorsenPortDelaysFromSingaporetoGreece CMACGMSAcargoshipsaremooredasshippingcontainersstackedamonggantrycranesintheBNCTCo.containerterminalatBusanNewPortinBusan,SouthKorea.(SeongJoonCho/Bloomberg) [Stayontopoftransportationnews:GetTTNewsinyourinbox.] Theworld’slargestshippinghubsaresufferingelevatedlevelsofcongestionascontainerspileupatseaportsfromSingaporetoGreece’sPiraeus. NearSingaporeonNov.1,thebacklogwas22%abovenormalwith53containershipsanchoredoffthefinancialandcargo-transithub,thehighestcountsinceBloombergNewsstartedtrackingthedatainApril. Thepileupisthelatestlogisticalknotinglobalsupplychains,withsatelliteshippingdataallowingforreal-timemonitoringofportissuesglobally. ThecontainervesselwaitimmediatelyoffSingapore,whichdealtwithanunusualsurgeinCOVID-19caseslastweek,startedOct.29andcontinuedovertheweekend,toppingthepreviouscountof45waitingshipsrecordedonJuly21,whenTyphoonIn-faroaredthroughShanghai. Likeallmajorcontainerhubs,Singaporereliesonadelicatelogisticalecosystem,whereastormoraCOVID-19outbreakinanotherport,transitwayortransportationsectorcanripplewidely.TyphoonKompasuscatteredshipsoutofHongKongandShenzhenovertwoweeksagoandcongestionratesoffthatportwerestill10.4%higherthannormalNov.1. SupplyChainStories BackupswerealsoseeninseveralotherportsinSoutheastAsiaonNov.1,withPortKlanginMalaysiareportingcongestionrates14.5%abovenormalandTanjungPelepasat29.9%morethanusual.Jakarta’scontainerhubofTanjungPriokwas6.7%abovenormal,andManila’s6.5%higher. OntheothersideofthePacific,thedualportsofLosAngelesandLongBeachkeptatleast79vesselswaitingoffthecoastofsouthernCaliforniaNov.1,asAmerica’sbusiestimporthubcontinuestoworkthoughabacklogaroundtheclock. PresidentJoeBidenoutlinedseveralstepstoalleviateglobalsupplychaindisruptionsinameetingwiththeG-20Oct.31,declaring“solvingthisisgoingtotakeallofus—governmentandprivateindustry,laborunionsandresearchinstitutions.” Savannah,America’sfourth-largestport,hasdealtwithcongestionissuesformostof2021andtiedahighof28shipswaitingtodockOct.27. InEurope,theGreekportofPiraeussawanApril-to-Octoberhighof18anchoredshipswaitingonNov.1,asalineofvesselsdestinedfortheportstretchedoutintotheAegeanSea.ThiscomesafterChina’sCoscoShippingHoldingsCo.raiseditsstakeintheportto67%lastweek. Wantmorenews?Listentotoday'sdailybriefingbelow orgohereformoreinfo:   MoreArticlesAbout:oceanshipping,supplychain RelatedArticles ContainerShippingRatesMayTakeTwoYearstoFalltoNormal HolidayShoppingSeasonWillTestSupplyChain,ExpertsSay FMCChairmanDanielMaffei:PortCongestionLikelytoLastThroughSummer FollowUs Facebook Twitter YouTube LinkedIn Thissite(RSS) Trending 1 BorderCongestionFearedasVaccinationRequirementsChangeinJanuary 2 TruckDriverShortageLoomsOver2022 3 Wabash,PurduetoFocusonSpeed-to-Market 4 MoreTruckingAcquisitionsAheadfor2022 5 SchneiderAcquiresMidwestLogisticsSystems NewsletterSignup EmailAddress* Submit SubscribetoTransportTopics Subscribe GiftaSubscription HotTopics Coronavirus ExtremeWeather Midwest drivershortage YearinPreview Acquisitions TweetsbyTransportTopics

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