Global container port throughout is expected to reach a record high of 947m teu
in 2024, with full year growth forecasts revised upwards to 4.7% following 2
consecutive years of lacklustre growth of 0.7% in 2022 and 2023. The sharp rise
in cargo volumes in the first half of 2024 has propelled port congestion to a
new 18 month year high, with notable gains at several key Asian hubs including
Singapore (up 7.7% YTD), Tanjung Pelepas (up 20.1% YTD) and Colombo (up 20.4%
YTD).