1.9m teu of capacity from Suez Canal blockage set to swamp ports

According to supply chain visibility company project44 the 1.9m teu in capacity held by the six day closure of the Suez Canal from 23 – 29 March is set to swamp ports that were already at the limits of their capacity following the boom in the container trades from the second half of last year.

The largest volumes are, not surprisingly, set to hit some of the main hubs on the Asia – Europe trade.

According to project44 there is some 370,000 teu of capacity were en route to Singapore, with 83 vessels representing 299,310 teu already anchored or at berth as of 12 April.

Chief Executive of the Maritime & Port Authority of Singapore Quah Ley Hoon said on Monday thaPot the world’s largest transhipment hub was readying itself as a catch-up port to handle the anticipated shipping backlog.

https://www.seatrade-maritime.com/ports-logistics/19m-teu-capacity-suez-canal-blockage-set-swamp-ports