Singapore’s new mega-port is just months away from full operations, but it has opened its storage area early to help alleviate the supply chain bottlenecks plaguing container shipping.
Congestion has caused ships to arrive late, resulting in logjams of containers in major ports around the globe.
Ship arrivals at Singapore are now 7.5 days late, on average, after schedule reliability fell to an all-time low of 33.6% in August, although this has since improved to 40%.
Schedule reliability issues were exacerbated by the Ever Given blocking the Suez Canal in March and Covid-19 ripple effects, among other things.