Suez Canal jam may further strain Singapore manufacturers amid shipping container shortage

Singapore has also reported longer wait times at its port due to the surge in vessel calls and increased container volumes.
Singapore has also reported longer wait times at its port due to the surge in vessel calls and increased container volumes.ST PHOTO: LIM YAOHUI

SINGAPORE - The shortage of shipping containers, which has hit Singapore manufacturers in recent months, may be exacerbated by the jam at the Suez Canal.

Shipping container costs have already jumped from anywhere between 20 to 200 per cent amid disruptions stemming from the Covid-19 pandemic, industry players told The Straits Times.

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