Asian Ports Congested with 4.3 Million TEU, Ringgit Holds at 4.04, Port Klang Adds New SBS Transshipment Route in October

Daily Industry Briefing

Today's three stories each move one of your key numbers. First, capacity stuck at Asian ports has risen to 4.3 million TEU, with carriers gradually turning back to Suez—this directly affects September-October capacity and container rates. Second, the Ringgit is at 4.0420/0480, and next week's Fed rate decision will determine what exchange rate you use to settle this batch of USD freight. Third, CULines will launch an SBS route from Port Klang to Kolkata in October, adding another layer to Port Klang's transshipment volume—local container pickup and yard turnaround will shift accordingly.

Today's Top 3

1. Asian Port Congestion Pushes Carriers Back to Suez; Asia-Europe Rates Pull Back While Schedules Grow Harder to Predict

Linerlytica data shows capacity stuck at Asian ports has reached 4.3 million TEU, exceeding the pandemic-era peak of 4 million TEU

Hellenic Shipping News · 2026-09-09 · Read Original ↗

2. Ringgit Holds Firm Amid Fed Rate Hike Expectations, Opens at 4.0420/0480

At 8am on September 8, the Ringgit was quoted at 4.0420/0480 against the US Dollar, versus the previous close of 4.0440/0485

BusinessToday Malaysia · 2026-09-08 · Read Original ↗

3. CULines Launches New SBS Route, Using Port Klang as Hub to Directly Connect to Kolkata from October

The new SBS Service is scheduled to launch in October 2026, connecting Port Klang and Kolkata

India Shipping News · 2026-09-09 · Read Original ↗

HASTE Take

Congestion Isn't News—What Matters Is How It Turns Into Extra Cost Per CBM For You

Let's start with how congestion filters through to LCL quotes. Capacity stuck at Asian ports, per Linerlytica's figures, has reached 4.3 million TEU, surpassing the pandemic-era peak of 4 million TEU; Drewry's September 3 intra-Asia container index jumped 9% week-on-week to USD 1,312 per 40-foot container, up from USD 1,199 the week of August 27. The core freight cost in LCL shipping is essentially container cost divided by sellable CBM: for a 40-foot container calculated at 55 to 60 CBM, every USD 100 increase in container rate adds roughly USD 1.7 to 1.8 per CBM. But what really eats into profit usually isn't that USD 1.7—it's the warehouse storage, re-booking, and last-minute air freight switches caused by unreliable schedules.

This is a condensed version. The full briefing, with every key point, the cost comparison table and the recommended actions, is published on the Haste website:

Read the full analysis, with data table and action points →

This article is compiled from publicly available reports for reference only, and does not constitute a quotation or business decision recommendation. Actual freight rates, capacity, and customs clearance outcomes are subject to same-day confirmation.