Congestion at the Port of Singapore has slowed docking of trade vessels and boosted spot market prices.
That is according to a recently published “Supply Chain Market Pulse” report by global consulting firm AlixPartners. It finds that the demand/supply dynamic for ocean trade has reversed in recent months. The June report says that while demand is not up, supply constraints have severely restricted available ocean vessels, resulting in higher spot market prices for now.
Compared with...