Keeping the spirit alive of achieving more by working together, MatchBox Exchange (MB) Singapore hosted an evening for our customers, at Fame Entertainment in Jurong on Saturday, October 8th, 2022.

A strain on shipping capacity is adversely affecting the availability of containers, leading to longer delays, and an unprecedented rise in ocean freight rates. One of the most detrimental consequences of this squeeze is a potential surge in container detention costs each time containers aren’t returned empty in time under shipping lines’ terms and conditions. Industry analysts expect these challenges to grow in peak seasons and continue through 2021 and 2022.