Cement News tagged under: Freight Markets
Shipping rates soften across the board02 August 2012, Published under Cement NewsWith summer activity on the low side, shipping rates generally softened for Handysize, Panamax and Capes, both in the Atlantic and Pacific basins. With a more or less inactive Atlantic market, prices for charters were significantly more affected in the western hemisphere, noting rate decrease of up to a third. The Pacific held up better with declines ranging in the 6-16 per cent bracket. In the Handysize segment RV Atlantic charter rates fell by a quarter to US$11,500/day over the ... |
Handy and capesize markets soften while panamax continues climb20 July 2012, Published under Cement NewsThe Baltic Dry Index reflected the trends in the handy and capesize markets as it rose from 1103 to 1146 on 11 July, but then slipped to 1074 one week later. After a stable week ended 11 July, the handysize market experienced a softening the following week, particularly in the Atlantic Basin where day rates fell from US$16,600 to US$15,447 for the RV Atlantic contract on 18 July. The Pacific counterpart noted a four per cent drop from US$9400 to US$9000. Few new cargoes were observed as ... |
Freight rates firm up after initial dip05 July 2012, Published under Cement NewsSelected freight market trends 20.06-04.07.2012 The Pacific Handysize market has seen increased activity over the past fortnight with Pacific RV prices firming from US$4900/day on 13 June to US$8850/day on 4 July. TCT Cont/Far East rates rose from US$19,600/day to US$24,150/day. Atlantic RV rates stabilised at a slightly higher level of US$16,750/day. In the Panamax segment, prices rose in the week ended 20 June, but then fell back the subsequent week, reflecting a lower dema... |
Freight rates firm up after initial dip05 July 2012, Published under Cement NewsSelected freight market trends 20.06-04.07.2012 The Pacific Handysize market has seen increased activity over the past fortnight with Pacific RV prices firming from US$4900/day on 13 June to US$8850/day on 4 July. TCT Cont/Far East rates rose from US$19,600/day to US$24,150/day. Atlantic RV rates stabilised at a slightly higher level of US$16,750/day. In the Panamax segment, prices rose in the week ended 20 June, but then fell back the subsequent week, reflecting a lower dema... |
Panamax picks up19 June 2012, Published under Cement NewsHandysize rates cooled in both the Atlantic and Pacific basins. RV Atlantic rates fell from US$15,320/day on 30 May to US$15,000 a fortnight later. The slip in the Pacific market was even more marked as RV Pacific rates fell from US$6230 to US$4900/day over the period. However, the TCT Cont/Far East contract provided some good news as it edged upward from US$19,200 to US$19,600. After its recent downward trend, the Panamax market bottomed out during the week ended 6 June recording rates o... |
Panamax picks up19 June 2012, Published under Cement NewsHandysize rates cooled in both the Atlantic and Pacific basins. RV Atlantic rates fell from US$15,320/day on 30 May to US$15,000 a fortnight later. The slip in the Pacific market was even more marked as RV Pacific rates fell from US$6230 to US$4900/day over the period. However, the TCT Cont/Far East contract provided some good news as it edged upward from US$19,200 to US$19,600. After its recent downward trend, the Panamax market bottomed out during the week ended 6 June recording rates o... |
Holidays make for cool start to the past week31 May 2012, Published under Cement NewsRates in the Atlantic generally fell in the larger vessel sizes but Handysize charters firmed during the past fortnight. In the Pacific, a similar trend was noted although the Handysize segment delivered a mixed performance. Holidays, reduced activity in China and new vessels leaving shipyards all combined to subdue freight rates. The Baltic Dry Index slipped again between 16 and 30 May, from 1137 to 950, registering a 16% drop. Handysize rates rose 15.6% in the Atlantic with RV prices... |
Panamax registers record high for the year, but rest remains mixed18 May 2012, Published under Cement NewsThe Baltic Dry Index remained virtually flat since 25 April, climbing from 1137 to 1156 on 9 May, but then falling back to 1137 one week later. The Capesize market noted little movement this week with prices between Richards Bay and Rotterdam largely stable at US$8.30/t between 25 April and 16 May, only peaking at US$8.40/t last week. Fearnleys reported that the Atlantic bubble burst and the market fell back to US$8000/day. TCT Continental/Far East rates did note some improvement ... |
Panamax registers record high for the year, but rest remains mixed18 May 2012, Published under Cement NewsThe Baltic Dry Index remained virtually flat since 25 April, climbing from 1137 to 1156 on 9 May, but then falling back to 1137 one week later. The Capesize market noted little movement this week with prices between Richards Bay and Rotterdam largely stable at US$8.30/t between 25 April and 16 May, only peaking at US$8.40/t last week. Fearnleys reported that the Atlantic bubble burst and the market fell back to US$8000/day. TCT Continental/Far East rates did note some improvement ... |
Easter makes for quiet markets23 April 2012, Published under Cement NewsWith most of Europe away for the Easter holidays, the freight markets were in for a quiet week. The Baltic Dry Index gained 18 points WoW, reaching 944 on 11 April and in the run-up to 17 April, it climbed to its highest level since January, rising to 989. "While we continue to expect dry bulk rate volatility, we continue to expect the oversupply of tonnage to keep rates in check through the majority of 2012," Wells Fargo senior analyst Michael Webber said in a note. The improved demand... |