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Shipping container prices soar by 26% in Singapore

Singapore-container-rates

Recent data indicates significant impact of congestion on the average container prices and leasing rates at the port of Singapore. Average container prices in Singapore have surged by 26% from October 2023 to May 2024, reflecting a substantial increase in demand for capacity amid global congestion. Furthermore, container leasing rates on key routes, such as China to the US, have […]

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