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Container ships keep piling up at Singapore port, sending sea freight rates soaring
https://www.scmp.com/news/asia/southeast...es-soaring
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CONTAINER volumes continue to see strong growth, with Singapore handling 16.9 million 20-foot equivalent units (TEU) worth of container volumes in the first five months of 2024.
This was 7.7 per cent higher than in the same period last year, the Maritime and Port Authority of Singapore (MPA) said on Saturday (Jun 8).
Major container lines, including CMA CGM and ONE, have moved more container volumes through Singapore from January to May this year compared to the year-ago period, MPA added.
Huat Ah!!!!!🤭