PSA Singapore, the PSA International Group Company which handles a large part of the container traffic in the port of Singapore, announced a significant reduction in congestion of the Asian port of call, with an average waiting time for ships that dropped to less than two days thanks to the measures adopted by the company, first and foremost the commissioning of new docks in the new port area of Tuas and the restoration of the activity of quays and areas at the Keppel Terminal.

PSA Singapore recalled that since the beginning of 2024 it has had to to cope with a high demand for berths to the quays and to unscheduled ship arrivals, resulting in high concentration of ships arriving on certain days of the week that caused a significant increase in the time of expected despite the availability of the entire capacity at PSA terminals. This has been determined by various factors, including the crisis situation in the Red Sea, with the attacks on ships transiting the region, congestion in several ports and the cancellations of ship calls at ports by shipping companies with the aim of making up for delays, with a consequent substantial change in the arrival schedules of ships and volumes of cargo unloaded and loaded during the of stopovers.

Confirming that in recent months in the port port of Singapore About 90% of container ships arrived outside of planned programming compared to an average of about 77% in 2023, as announced in recent days by the Minister of Transport ( of 5 July 2024), PSA Singapore specified that in recent months also the permanence of the ships at the company's quays increased by 22% compared to the same period of the year and that this is due to the greater number of containers handled for each port of call both because of the greater demand and because of the need to move more containers because some containers are unloaded ship to make room for other containers in view of the port where they are to be disembarked, weight and stability of the ship, and then they are loaded back onto the ship. In first half of 2024 this increased number of movements of containers on the mega container ships moored at the quays of PSAs are up 8% from last year.

"The Red Sea crisis - explained the administrator delegate of the PSA International group, NGO Kim Pong - has distorted maritime transport and global trade, and We expect this difficult situation to persist for a long time. period, potentially extending congestion of ports from Asia to Europe. PSA - Pong announced - is establishing partnerships with like-minded customers and stakeholders on a number of Node-to-Network initiatives for better coordination between upstream and downstream ports, so as to increase the the reliability of maritime transport schedules and the overall efficiency of the network. At the same time, we are constantly trying to expand our network fabric port ecosystems in order to increase our global presence in places that can add value and improve the flow of goods".

When communicating the measures taken to mitigating congestion, PSA also announced that it has moved in the first half of 2024 7% more than containerized volumes compared to the same period of the year last.