Singapore’s port congestion is showing signs of abating

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Singapore’s port congestion is showing signs of abating - Economic Times

Quick Summary:

Port congestion in Singapore shows signs of easing: container ship arrivals reached a yearly low, vessel arrivals dropped 10% to 241 million tons, and throughput fell 5% to 3.4 million TEUs in June.

Average wait times at the port are also getting shorter, according to The Business Times, as measures including the reactivation of some berths and yard space were implemented.

Sales of shipping fuel in the city-state also fell in June, with consumption down 11% from a month earlier to 4.27 million tons, the MPA data showed.