The congestion has led to severe disruption to the vessels' schedules, equipment shortages and longer transit time as well as an increase in freight rates. The situation is anticipated to worsen throughout June and July, with more rate hikes expected.

The disruption has led some carriers to skip the Singapore and Port Klang (Malaysia) calls, resulting in congestion and delays at alternative ports too, worsening port congestion globally and affecting almost 7% of the container fleet worldwide.

Given the disrupted supply chain scenario, shippers are placing orders further in advance to try and mitigate the effects of increased transit time and rates over the next months. We strongly advise customers to plan shipments and secure bookings as soon as possible to cope with upcoming disorders.

At Woodland Group, we will continue to monitor the situation and provide updates. Please do not hesitate to reach out to us if you have any questions about your supply chain.