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Importers fear raw materials crisis as Chittagong\-bound containers stranded in Singapore

Importers fear raw materials crisis as Chittagong-bound containers stranded in Singapore Some 6,000 TEUs (20-foot equivalent unit) of Chittagong- bound containers of COSCO Shipping Lines remained stranded in Singapore caused by severe congestion in the busy transhipment port, sources said. The increased bookings by COSCO and non-availability of required feeder vessels also created the stockpile of containers, which will need more than a month to clear the backlog by the operator. The importers ...
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