The port of Singapore is blocked by ships, causing container shipping prices to rise

Singapore is the second largest container port in the world, and the recent severe congestion at the port of Singapore has attracted the attention of the industry. Data show that the number of containers waiting to berth in Singapore surged in May, and at the peak in late May, the maximum number of containers waiting to berth reached 480,600 20-foot standard containers. The latest report from S & P Global shows that congestion at major Asian ports, especially in Singapore, has also contributed to the rise in container shipping prices.