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 will now get there containers much later than the scheduled date and fear a possible crisis of vario...
Source: hellenicshippingnews.com