Cement News from International Cement Review
Swiss cement market contracts 8% in 2Q24
Cement deliveries in Switzerland declined eight per cent to 965,157t in the second quarter of 2024 from 1,049,481t in the 2Q23, according to cemsuisse. While market contraction has slowed in comparison with the previous year, the uncertain economic environment continues to impact on cement sales. In addition, supply chain issues and comparatively high energy prices are also affecting deliverie...
CCP hosts session on the disclosure of material information on cement bags
On Thursday, 11 July, Pakistan’s Competition Commission of Pakistan (CCP) held a stakeholder engagement session regarding the ‘Manufacturing/Packaging' and 'Expiry/Best Before’ dates on cement bags. This session included representatives of the Pakistan Standards and Quality Control Authority (PSQCA), All Pakistan Cement Manufacturers Association (APCMA) and domestic cement producers. Saeed ...
Cochin Port opens fourth terminal
A new cement terminal has entered operation on a 1.14ha plot at Ernakulam Wharf, Kerala, India. The Cochin Port Trust launched the port’s fourth terminal, which is expected to handle 0.3Mta of cement. The first vessel to enter the terminal was the Penna Suraksha, the largest self-discharge vessel in Asia with a discharge capacity of 1000tph. The 25,000t cargo from Krishnapatnam will be bagge...
Supramax rates for USG shipments stay under pressure from limited demand
By Brannvoll ApS, Denmark The USG Supramax spot freight market remains weak with no positive changes observed this month. The spot segment is experiencing a further decrease in rates with the tonnage vs cargo balance in charterers’ favour amid a slow flow of grains, coal and petcoke cargoes from the main loading areas in the North Atlantic. Freight rates for transportation of a Supramax-...
- USG Supramax/Ultramax shows stable market fundamentals
- Limited USGC demand for Supramax/Ultramax shipments leads to rate cuts by owners
- USG Supramax rates seeing end-of-month decrease
- Supramax rates fell significantly on all routes amid slow start to the year
- High volatility in USG Supramax/Ultramax markets