Singapore braces for deluge of container ships sailing from Suez

SINGAPORE (Bloomberg): One of Asia’s busiest ports is preparing for an influx of ships after a week-long blockage at the Suez Canal.

Logjams and delays are expected to worsen in Singapore, which already has 83 container ships waiting in queue, according to supply chain data provider project44. Those ships represent more than 299,000 twenty-foot equivalent units, with at least another 370,000 en-route to Singapore, project44 data showed.