Shipment delays double as ships clog up Singapore's ports
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- čas přidán 27. 05. 2024
- Shipment delays in Singapore have more than doubled, hit by a shortage of ships and containers, and congestion at ports. This could translate into higher prices for consumers, amid an impending supply chain crisis. One analyst says some sectors in Singapore are expected to come off worse from container and ship shortages. These include firms in the manufacturing industry, especially those involved in producing heavy goods, like consumer electronics or electric vehicles. Nasyrah Rohim and Charlotte Lim report.
All these tariffs are disrupting world trade.
So are trade sanctions, especially on the world second largest economy. It is all about productivity, stupid!
PAP and PSA should have anticipated a more disruptive market environment and have spare capacity for it. Know who to blame.
@@xianlonglee-ty6qe quite alarmist reporting from CNA. The exporters are rushing now to beat Aug 2024 when many of the tariffs kick in. After that the shipment volumes will come back down. Building so much spare capacity to address a 3-month "boom" period, especially much of it in capex-heavy investment, and much of it would probably lie idle afterwards - perhaps we might blame them for low utilization at that point
@@widgeni Hahaha exactly. These aim to make people angry one is either shortsighted as fook or exactly want to do like that. Kau bey dun have, then have already, kau bey got too much become expensive
This is the current trend with protectionism involve.. no one can predict wat policies may follow.. it's laughable tat the ppl in this comment thread thinks singapore has a magic crystal ball in its pocket to predict wat politicians wil do and enact😂
When a few disrupt the life of the many..
another year of stagflation for singapore?
Any reason why they cannot go to Pasir Gudang, Malacca, Penang or Klang? Any excuse to inflate prices.
please come to klang
I bet Amazon will have to increase shipping
ports in Asia do not need pay traffis that usa impose it hv to be those buyer in usa to pay the extra not asian
The CCP has to rely on the US to buy its goods and hire Wumaos to complain about tariffs instead of growing its own domestic consumption.
Singapore is making 💰💰💰💰💰
Wat goes up wil come down. And they already said it, china is rushing to get rid of inventory b4 the policy comes into play.. it's gonna b down hill after tat😂
Because of situations like this, Singapore would welcome the Kra Canal.
Because if everybody prosper with increase trade, Singapore would also prosper along.
Expected long long time ald
usa traffis on china not asian ,it usa buyer that needs to pay the extra not sg to pay more wake up
Pasir Panjang open up again?
No use, more problems.
Time to convert Tekong to handle containers, free labor there too
I already switched to truck and rail freight at the start of the year... 😁
buyer will need to pay the traffis
Yes, most likely bulk purchase in China would be F.O.B. Shanghai, Guangzhou, Hong Kong, Shenzhen, etc...
shipping business, buy-sell, mergers-acquisitions, with vessels, delayed unordered shipment with banking LC issues to hanoi inner rive, next to china, by sea-waves skipping-skipper sail-mode, is an option. laos-mekong will be a later consideration-option. anchorage, habour, port, wharf, berth.
Singaporean accent is so interesting
S-E-X-Y LAH
Prepare for higher prices down the road. While fiat across the world buying power drop further to their true value, zero. PREPARATIONS IS KEY.
No wonder I've been losing packages.
More excuses to raise prices, nothing new.
You could be right.
Excuses,a nah, tariffs give legitimate reason to raise prices
Increase INDIAs air fares increase rental 🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉
Still want increased population?
Too much FTA..
HongK liao loh!
Imagine biden saying "just kidding, ain't gonna increase tariff"
More delay is good so that no unnecessary consumption. More movements of any kinds will have more impact to global warming. Let the world slow down for nature to grow , more development more disasters directly or indirectly one way or another to all species
So Biden is doing a good thing for shipping industry. 😊
He should be awarded the Nobel Pee Prized.
FARMING AS A CAREER🤣🤣🤣🤣🤣
U want to farm? I can join you
wah so rich landowner.
Humans must involve so we choose China Goods.
No worry.
Ice melting , the north route for cargo ship will increase.
Less and less come to Singapore.
*Be nice to Hooties then we be fine*
It is Ansar Allah or Houthis, not Hooties.
That's why Thailand's land bridge is not such a crazy idea after all.
💯💯💯The day Singapore as Asia financial hub and shipping hub may be compromised by the US lose cannon foreign policy.
Actually, this highlights why Thailand's land bridge idea is ridiculously stupid. It completely wouldn't be able to handle this scenario at all. Can you imagine how high the additional costs will run if Thailand got hit with this kind of crisis? Air freight might end up being cheaper. For every incoming ship, there's always going to be an additional ship at the other end that must remain idle, waiting for the cargo transfer. And both sides must build up the capacity to handle the container surge. Double the ships, double the port size, double the manpower, double the investment for a single shipment. And to have all of it bottlenecked during cargo transfer over land.
How about Malaysia 'land bridge' ECRL ? Set to launch January 2027 will it work ? Or fail
please dont complaint about rising living cost if you are you are pro-trade war and american protectionism
We must ensure Kra Landbridge dont win
Everything about costs spiraling. The causes by the despicable US greedy hegemony is so deplorable and sick today. The world is suffering too.
Excuses 3
Come to HK. We have a lot of spare capacity.
You d not get it. The ships does not have space to allow for loading ... got nothing to do with spare capacity. Plus why would a product ship all the way to HK to load ... not to mention, spare capacity of port, means that the port is NOT loading nor discharging cargo i.e HK port has been taken over by China's ports ... duh
They are cargo ships not cruise ships, why would they go to a ruin.
Go to HK for what? The ships with all the stuff are trying to get across to the other side. You tell China to move stuff to HK to load onto a ship makes more sense, but who wants to pay more to move it there when there are no ships there anyway? Singapore is, and will always be, the bottleneck. Unless somebody cuts across land, which won't last for long anyway, because Singapore can simply increase capacity by expanding its ports, which is already being done.
Singapore is the winner of deglobalisation
Maybe, as you say ing
I read it differently, we may lose edge
@@TOKARA I am interested to learn more from you, as I am surprised. I am from Hong Kong, a dying city.
Shortage of engineers
How, after more than 50 years of uninterrupted PAP rule, Singapore now finds itself short of Engineers, a situation which “poses a national risk”.
Is not shortage of engineers but qualified engineers
@@kengng8797 LOL, that's correct. Although there are many "Talents" around.. 😂😂
because singapore has been using the short term method of hiring many foreign engineers, instead of encouraging and helping local citizens to become engineers.
@@blacksheepshepherd FakeT
GIC/Temasek non-transparency
The non-transparent manner in which the GIC and Temasek Holdings are managed and the related issue of the retention of CPF funds through the Minimum Sum Scheme.
Show us your savings and other accounts first lah ....also your salary. Then we can demand GIC to reveal its assets and investment strategy.
Let's go Brandon
Uhhhhhhh…. Shouldn’t the government have learnt from covid to have leeway in the system? Why was capacity not stepped up after? Or at least have the ability to scale up quickly. This is a government oversight.
Maybe you didn't hear it's due to sudden increase in shipment to rush cargo to beat the tariffs.. blame Biden
Leeway is how many percent? This massive outflux of goods from China equates to how many percent increase? You talk cock sia, nobody has contingency for this kind of volume one lor. Container ships also not enough, who kept spare ships to be used now? ROFL!
They have - both learned from Covid and have spare capacity - more than almost any other port. That said, I suspect you don’t want them to have empty capacity sitting idle 95% of the time. Nobody expected this and problems primarily coming from the shipping lines pushing their issues onto the port.
USA should not do that
China relations
The mishandling of relations with China leading to Mr Lee Hsien Loong's exclusion from the OBOR summit in Beijing.
OBOR is just a scam, like 1MDB.
Never use chinese ports
Yeah, Singapore is 70% Chinese
Yes, use India ports!
Crap made in India😂
Interesting userid.
How to delivered goods to China if you don't use China's port?
Singapore should end freezing certain Russian banks so that we can join Russia - China many projects in Eastern Russia. A new sea route may start soon. An agreement was reached between Russia, China, and North Korea to open up the Turmen River so that it can accommodate big container ships using the widen river to reach northern and Western Russia and in future to Europe, because it is very costly and not productive to build railroad across the harsh cold Siberia. Perhaps, in the near future, Russia's Vladivostok Naval Base may move inland which is much safer from external threat. A new higher bridge that connects Russia and North Korea will be built to allow big container ships pass through the river. And Vladivostok City will be developed.
PAP government cannot get anything right, can it? Don't blame indirect factor such as tariffs for your own failure and inefficiency. If PSA cannot handle more complex market operating environment in a competitive manner, feel free to privatize port operation to professional companies. If PAP government continues managing our ports, Singapore may one day lose out to more innovative foreign operators overseas, such as China, Thailand, or even Malaysia.
Yup
You have great foresight la...set up a party...we will vote for you!!!!!
That is why Singapore is building a Mega Port to accommodate more shipments. The current case is due to US tariffs on China as such the shipments divert to SG.