Cement News tagged: Freight Markets
Oversupply factors begin to bite
The Baltic Panamax Index went down by 412 points mid-December, finishing at 9394. The four TC’s average lost US$3,400, falling from US$79,100 per day to US$75,700. Last week’s drop in the
Merger mania hits mining sectors
In a move that seemed unthinkable just a few months ago, BHP Billiton confirmed last week that it had made a formal offer for rival Rio Tinto.
When will it all end?
There was only one game in town last week: the incredible leap in the Baltic Dry Index. For the first time in its twenty-two year history the BDI breached the 10,000 mark, propelled by runaway rates i
No end in sight to market gains
If any more evidence were needed that drybulk rates have gone through the roof, this week saw the Baltic Capesize Index record its biggest ever one-day gain, equivalent to a rise of 6%. The jaw-droppi
A time for reflection perhaps?
While many shipowners are quietly publishing their financial results for the first half of the year reflecting the amazing levels achieved on the charter market, mining companies have been starting to
And still the markets climb higher!
The market is fixated on mergers and acquisitions in the mining sector this month with this spectacular $38.1bn bid by Rio on Alcan, surpassing the previous $28.8bn made by Alcoa.
Rate rises astonish the market
To much surprise, the indexes published by the Baltic for the Cape market have gained more than 1,630 points, i.e. +25% over the last five trading days, and 50% of this rise was done during the last t
Shipping markets on a roll
Another week of strong increases and with a rise of 341 points last week, the BPI reached a new record high of 6,283 points (the last record established was on the 1st of December 2004 with 6,110 pts)
Bulk markets are booming
It’s heating up! The growing interest for all parties to partake in the ever booming bulk market is reflected in all sorts of manners. With strong demand and persisting congestion in Australian coal p
Breaking the records
This is only the third time in history that the 7000 point barrier has been broken for the BCI.
Hungry for tonnage
Since the start of the year, and given that the market has not felt any ignificant downward pressure, both owners and charterers have been hungry for tonnage
Spot activity dominates lower size dry bulk tonn age
In the light of what happened last year and of the predictions coming from both the supply and the demand side, charterers seem to be in the market to secure tonnage for mid and long term commitments.
No clear direction over last week
In the same tango ballet that we have been looking at for a couple of months, freight rates have again danced on the same
Upturn in market but will it last?
The market has been desperately waiting for a clear signal since mid-summer this year, and finally this week the Cape market took the driving seat in an upward trend, not only with the BCI breaking
Iron ore news dominates market trends
Iron ore developments have tended to dominate market discussions over the past fortnight especially with the merger process between Tata steel and Corus going one step forward this week, after Corus’
Some differing trends noted in early October
Some volatility in the markets this week with the different segments showing some differing trends. It seems that forward positions taken on derivatives are partly involved in this upward movement in