Singapore up 7.7pc to 16.9 Million TEU in first 5 months

SINGAPORE continues to experience strong growth in container volumes, handling 16.9 million TEU in the first five months of 2024, according to the Maritime and Port Authority of Singapore (MPA), reports Singapore's Business Times.

This represents a 7.7 per cent increase compared to last year.

The MPA added that major container lines, including CMA CGM and ONE, transported more container volumes through Singapore from January to May this year than the previous year.

MPA's statement came in response to media queries following a report by the Business Times that port congestion in Singapore has led some shipping lines to bypass the world's top transshipment hub.

Delays in Singapore has reached "critical levels" of up to seven days, prompting at least two vessels from CMA CGM to omit Singapore as a port of call for "schedule recovery," according to industry intelligence website Linerlytica.