According to reliable sources, cargo ship congestion has spread from the port of Singapore, one of Asia's busiest ports, to neighbouring Malaysia.
According to Bloomberg, a large number of vessels have been unable to complete loading and unloading operations as scheduled, which has led to serious disruptions in the supply chain and delays in the delivery of goods.
About 20 container ships have now dropped anchor off Port Klang on Malaysia's west coast, more than 30 kilometres west of the capital, Kuala Lumpur. Port Klang, along with the port of Singapore, is located within the Straits of Malacca and is a key port connecting Europe, the Middle East and East Asia.
According to the Port Klang Authority, the situation is expected to continue over the next two weeks with delays extending up to 72 hours due to continued congestion at neighbouring ports and unpredictable schedules for shipping companies."
Port Klang is ranked second in Southeast Asia in terms of containerised cargo throughput, after the Port of Singapore. Malaysia's Port Klang plans to expand its throughput capacity up to twice as much. Meanwhile, Singapore is also actively building Tuas Port, which is expected to become the world's largest container port by 2040.
Maritime analysts point out that terminal congestion is likely to continue until the end of August. Container ship freight rates have risen again due to ongoing delays and diversions. According to the WCI (World Containerised Freight Index), the rate for each 40-foot container, which was just over US$1,000 at the beginning of 2024, was close to US$3,000 in May and rose to US$6,000 in July.
Since the Israeli-Palestinian conflict, merchant ships have been avoiding the Suez Canal and the Red Sea, which has caused congestion in maritime traffic. Numerous ships bound for Asia have chosen to bypass the southern tip of Africa because they cannot refuel or load or unload cargo in the Middle East.
Malaysia's Port Klang, near Kuala Lumpur, is an important terminal, and it is not uncommon to see a large number of ships waiting to enter the harbour at present. Meanwhile, although close to Singapore but located in the south of Malaysia, Tanjung Pelepas (Tanjung Pelepas) harbour has also been full of ships, but the number of ships waiting to enter the harbour is relatively small.
https://www.cnss.com.cn/html/gkdt/20240714/354057.html
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