Ships Queues Worsen Port Delays From Singapore to Piraeus
- Supply knots are tightening, adding costs and delays to trade
- Satellite tracking allows a near real-time view on bottlenecks
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The world’s largest shipping hubs are suffering elevated levels of congestion as containers pile up at seaports from Singapore to Greece’s Piraeus.
Near Singapore on Monday, the backlog was 22% above normal with 53 container ships anchored off the financial and cargo-transit hub, the highest count since Bloomberg News started tracking the data in April.