Port congestion

Russell Group has warned US$131 billion in trade is at risk of being disrupted by port congestion at Singapore, Port Klang and Tanjung Pelepas. Analysis identified the commodities like crude oil ($7.3 billion) and integrated circuit boards ($11 billion) are the most likely to be impacted by delays at the ports. All three ports have faced significant port congestion since the middle of June, with vessels avoiding the Red Sea because of the Houthi attacks in the area, following the outbreak of the Israel-Hamas conflict last year. The diverted vessels have been arriving at ports, either behind schedule, or using the port as an alternative, which is creating large queues.