News
2 min read

Weekly Supply Chain Update: 6

Published on
3 June 2024
Written by
George Perkins
Share on

Severe Congestion at Singapore's Transshipment Hub

To address severe congestion at Singapore's container transshipment hub, PSA has reactivated older berths at Keppel Terminal and increased manpower. Linerlytica reported that berthing delays at the port have reached up to seven days, with over 500,000 TEU waiting. This congestion, along with the closure of the Suez Canal and early peak season, has pushed freight rates to near-record highs. The Maritime and Port Authority of Singapore noted increased container handling as lines discharge more containers to catch up on schedules. PSA plans to open three new berths at Tuas Port later this year to boost capacity. Meanwhile, MSC is using Indian ports due to congestion in Singapore and Colombo. Analysts warn that freight rates may continue to rise before the situation improves.

Chinese Firms to Develop $600 Million Deepsea Port in Anaklia, Georgia Amid Growing Trade Demands

Two Chinese firms have secured the rights to build and operate a deepsea port on the Black Sea in Anaklia, Georgia. The initial phase involves constructing a berth capable of handling 7 million tons of cargo and a 600,000 TEU container terminal, with a total investment of $600 million. The Georgian government will hold a 51% controlling stake in the port. Anaklia, a seaside resort town in western Georgia's Samegrelo-Zemo Svaneti region, is strategically located where the Enguri River meets the Black Sea. This new development comes as Georgia’s top two existing ports, Batumi and Poti, are nearing capacity due to increasing trade from China to Europe.

Deutsche Bahn Shortlists Final Bidders for Schenker Sale

Deutsche Bahn has shortlisted Maersk, DSV, Bahri, and a consortium including CVC, ADIA, and GIC for the final round of the sale process for its logistics subsidiary Schenker, sources told Reuters. Final bids are expected in July. Deutsche Bahn's spokesperson confirmed the selection, stating the bidders will make binding offers in the coming weeks. Bids have reached up to 15 billion euros ($16.21 billion), with proceeds aiding in reducing Deutsche Bahn's 34 billion euros debt. The sale is anticipated to be completed in 2025. Schenker employs over 70,000 people globally, including 15,000 in Germany.

Drewry Multipurpose Time Charter Index Rises to $9,094 per Day, Exceeding Forecasts for May

The Drewry Multipurpose Time Charter Index tracks one-year period charter rates for various vessel types and sizes, including breakbulk and project cargo ships, forecasting market movements for the coming month. For May, the index exceeded the forecasted value of $9,054 per day, reaching $9,094 per day. Larger MPVs saw rate increases, while smaller vessels remained stable. Drewry's latest assessment, including the June forecast, predicts a 0.5% rise in the index to $9,136 per day, which is 2.5% higher than in June 2023. The index is a weighted average of day rates for three vessel size bands: 5-7.5k dwt, 10-15k dwt, and 15-20k dwt.

China's Container Throughput Rises 9% in First Four Months of 2024 Amid Foreign Trade Expansion

China's container throughput at its ports increased by 9 percent year-on-year in the first four months of this year, driven by the expansion of foreign trade, according to official data. The Ministry of Transport reported that 104.03 million twenty-foot equivalent units (TEUs) of containers were handled during this period. Cargo throughput at China's ports totaled 5.55 billion tonnes, a 5.2 percent increase year-on-year. Foreign trade cargo throughput specifically rose by 9.1 percent compared to the same period last year. Additionally, China’s total goods imports and exports grew by 5.7 percent in yuan terms during the first four months, up from 5 percent in the first quarter.

Subscribe to newsletter

Subscribe to receive the latest blog posts to your inbox every week.

By subscribing you agree to with our Privacy Policy.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Related posts

Waypoint's outlet to help you navigate global markets.

Insights
2 min read

Navigating Fertiliser Importation: Boosting Sub-Saharan African Agriculture

Explore key challenges and opportunities in fertiliser importation for sub-Saharan Africa, focusing on logistics, regulations, and market potential. Learn best practices to boost agricultural productivity and navigate complex compliance frameworks to ensure food security across the region.
Insights
4 min read

The Evolution of Fertilizers in LATAM

Explore the evolution of fertilizers in Latin America, from ancient organic methods to modern water-soluble innovations. Learn how fertilizers have shaped agriculture, boosting crop yields and sustainability, while helping LATAM remain competitive in global markets.
Insights
3 min read

BHP's Jansen Project: A New Frontier in the Global Potash Market

BHP’s Jansen Project in Canada may transform the global potash market, offering a new supply source amidst geopolitical disruptions. With a $10.6 billion investment, Jansen aims to meet rising global demand for agricultural growth and food security, positioning BHP as a key player in the industry by 2026.
News
2 min read

Weekly Supply Chain Update: 17

Waypoint Supply Chain Update
Insights
2 min read

Fertiliser Market in Ukraine: 2024 Overview

Ukraine's fertiliser market faces challenges from geopolitical tensions and logistical disruptions but is adapting. This article explores key trends, rising imports, price shifts, and the outlook for the country's agricultural needs.
Insights
4 min read

The Increasing Demand and Consumption of Fertilizers in Japan: A Growing Focus on Sustainability and Water-Soluble Fertilizers

Explore the growing demand for fertilizers in Japan as the country navigates challenges like limited arable land, food security, and sustainability. Learn how water-soluble fertilizers are shaping the future of precision agriculture, boosting productivity, and aligning with eco-friendly practices.
Insights
3 min read

Navigating the European Fertiliser Market: How New Regulations Are Shaping the Future

Explore how new EU sustainability regulations, including the European Green Deal and Farm to Fork Strategy, are transforming the fertiliser industry. Learn about reduced chemical inputs, eco-friendly fertilisers, and the shift toward greener production and innovation.
News
3 min read

Weekly Supply Chain Update: 16

Waypoint Weekly Supply Chain Update
Insights
3 min read

Innovative Agriculture Solutions: How Greenhouses Are Boosting Food Security in MENA

Greenhouse farming is transforming agriculture in the MENA region, addressing climate challenges and boosting food security. Discover how controlled environments, water-soluble fertilizers, and sustainable practices are reshaping the region's reliance on imports and paving the way for a self-sufficient future.
Insights
2 min read

The French Fertilizer Market in 2024: Trends, Challenges, and Opportunities

Explore the dynamic 2024 fertilizer market in France, where rising imports, pricing fluctuations, and regulatory shifts are shaping agricultural practices. Discover key products, market drivers, and expert insights on the future of nitrogen, phosphate, and potassium fertilizers.
Insights
4 min read

The Rising Demand for Water-Soluble Fertilizers in India

Discover how water-soluble fertilizers (WSFs) are transforming Indian agriculture by improving water efficiency, boosting crop yields, and supporting sustainable farming practices. Learn about the growing demand, government support, and precision agriculture technologies driving this shift.
Insights
4 min read

The Future of Sustainable Agriculture: How Ammonia is Transforming the Fertiliser and Energy Industries (September 2024)

Waypoint Opinion: The Future of Sustainable Agriculture: How Ammonia is Transforming the Fertiliser and Energy Industries (September 2024)
News
2 min read

Weekly Supply Chain Update: 15

Waypoint Weekly Supply Chain Update
Insights
4 min read

Navigating Volatility: Key Market Trends in the Global Fertiliser Industry (September 2024)

Waypoint Opinion: Key Market Trends in the Global Fertiliser Industry (September 2024)
News
2 min read

Weekly Supply Chain Update: 14

Waypoint Weekly Supply Chain Update
Insights
3 min read

Green Energy Investments: Opportunities and Challenges in the Fertiliser Industry

Waypoint Opinion: Green Energy Investments: Opportunities and Challenges in the Fertiliser Industry
1 min read

Waypoint Commodities August Market Update: 1

Waypoint Commodities Market Update
News
3 min read

Weekly Supply Chain Update: 13

Waypoint Weekly Supply Chain Update
News
1 min read

Waypoint August Ammonia Update: 2

Waypoint August Ammonia Update
News
1 min read

Waypoint August Ammonia Market Update: 1

Waypoint Ammonia Market Update
News
1 min read

Waypoint Market Update - July 2024

Waypoint insights from our suppliers on the latest market trends for raw materials and fertilisers in China
News
3 min read

Weekly Supply Chain Update: 12

Waypoint Weekly Supply Chain Update
News
4 min read

Weekly Supply Chain Update: 11

Waypoint Weekly Supply Chain Update
News
2 min read

Weekly Supply Chain Update: 10

Waypoint Weekly Supply Chain Update
News
2 min read

Weekly Supply Chain Update: 9

Waypoint Weekly Supply Chain Update
News
3 min read

Weekly Supply Chain Update: 8

Waypoint Weekly Supply Chain Update
News
2 min read

Weekly Supply Chain Update: 7

Waypoint Weekly Supply Chain Update
News
2 min read

Weekly Supply Chain Update: 6

Waypoint Weekly Supply Chain Update
News
2 min read

Weekly Supply Chain Update: 5

Waypoint Weekly Supply Chain Update
News
2 min read

Weekly Supply Chain Update: 4

Waypoint Weekly Supply Chain Update
News
2 min read

Weekly Supply Chain Update: 3

Waypoint Weekly Supply Chain Update
News
3 min read

Waypoint Supply Chain Update: 2

Waypoint Weekly Supply Chain Update
News
2 min read

Weekly Supply Chain Update: 1

Waypoint Weekly Supply Chain Update
Insights
5 min read

Unlocking the Power of Glycerine: A Comprehensive Guide to Its Uses in Various Industries

Dive into the comprehensive guide on glycerine, a versatile oleochemical pivotal in industries like personal care, food, pharmaceuticals, and more.
Insights
8 min read

The Essential Guide to Understanding and Utilising Common Industrial Solvents

Explore the comprehensive guide to industrial solvents, covering their essential roles in manufacturing and processing across sectors like pharmaceuticals and electronics.
Insights
7 min read

Ensuring Industrial Hygiene: The Role of Detergents and Cleaners

Discover the vital role of cleaning agents and detergents in maintaining hygiene and operational efficiency in industrial environments. From water-based to solvent-based cleaners, explore their applications across various industries and essential safety considerations for proper use.
Insights
9 min read

Building a Safe Future: Best Practices for Water Treatment Chemicals Such as Calcium Chloride and PAC

Discover how water treatment chemicals like Calcium Chloride and PAC are crucial for ensuring water quality in construction projects. Explore their significance, benefits, risks, and safety measures to safeguard both construction operations and the environment.
Insights
7 min read

Specialty Chemicals: The Role of DEIPA, Sodium Gluconate, and TIPA in Construction

Discover the pivotal role of specialty chemicals like DEIPA, Sodium Gluconate, and TIPA in revolutionising the construction industry. Explore their diverse applications, from enhancing concrete performance to fostering sustainability, and learn how these chemicals are shaping the future of building projects.
Insights
6 min read

Fertiliser Fundamentals: Understanding the Role of Ammonia in Agriculture

Explore the pivotal role of ammonia in agriculture and fertiliser production. Discover how innovations like green ammonia are transforming the industry towards sustainability, ensuring efficient crop growth while mitigating environmental impact.
Insights
7 min read

Maximizing Crop Health: The Significance of Micronutrients in Modern Agriculture

Explore the critical role of micronutrients like Boron and Zinc Sulphate in modern agriculture to enhance crop health and yields. Learn about the functions of essential micronutrients, their impact on plant growth, and strategies for overcoming limitations. Ideal for industry professionals seeking to implement sustainable agricultural practices through informed nutrient management.
Insights
5 min read

From Soil to Harvest: How Phosphates Boost Crop Yields and Farm Productivity

Explore phosphates' role in enhancing plant health and development while addressing sustainable practices to mitigate environmental impacts. Ideal for modern agriculturists seeking to optimise productivity and environmental stewardship.
Insights
5 min read

Cost-Effective Potash Solutions: Navigating MOP and SOP for Procurement Professionals

Understand the critical differences between Muriate of Potash (MOP) and Sulphate of Potash (SOP) in agriculture. Learn how each type influences crop yields, soil health, and economic outcomes. This guide delves into the suitability of MOP for chloride-tolerant crops and SOP's premium benefits for high-value, sensitive varieties. Ideal for procurement professionals, it covers strategic selection based on crop needs, soil conditions, and market dynamics, ensuring optimal crop nutrition and sustainable farming practices.
Insights
9 min read

5 Vital Reasons Why Nitrogen is Essential for Optimum Plant Growth

Uncover insights into nitrogen's impact on plant development and soil health, crucial for the fertiliser industry. Learn about managing nitrogen effectively, addressing climate change challenges, and adopting innovative strategies for sustainable crop yields. Essential reading for professionals aiming to improve agricultural productivity and environmental sustainability.
News
6 min read

The Future of Commodity Chemicals Trading: Waypoint's Innovative Procurement Platform

Discover how Waypoint Commodities is revolutionising commodity chemicals trading with its innovative online procurement platform. Designed to enhance procurement and sales processes, Waypoint offers a seamless, efficient platform for global buyers and sellers. Learn more about its user-friendly features, streamlined logistics, and commitment to transparency and security.

Secure Your
Supply Chain

Access the industry’s most powerful physical commodity trading and data platform.