Cement News tagged under: Freight Markets
USG Supramax/Ultramax sees sharp rate drop28 January 2022, Published under Cement NewsBy Maria Vasyutenko, freight associate of Brannvoll ApS, Denmark The USG Supramax/Ultramax spot freight market experienced a sharp rate fall after a short-lived spike. Traditionally, the month started on a positive mode. USG tonnage supply was tight, while there was plenty of cargo due to move prior to the holidays. Supramax freight rates for petcoke from Houston, USA It allowed shipowners to push rates up before a substantial drop. As the month progressed, given the time of... |
USG Supramax/Ultramax spot market sees slow recovery23 December 2021, Published under Cement NewsBy Maria Vasyutenko, associate of Brannvoll ApS, Denmark The USG Supramax/Ultramax spot freight market is slowly recovering after a significant rate fall observed last month. Tonnage supply started shortening once owners and charterers began seeking to cover their positions before the holiday mood begins. Thus, USG rates were well-supported amid decent demand with more and more positional opportunities starting to appear. It should be noted that the grain flow to China is the main driver ... |
USG Supramax/Ultramax spot freight market experiences volatile month22 November 2021, Published under Cement NewsBy Maria Vasyutenko, associate of Brannvoll ApS, Denmark Tight tonnage supply and strong demand were pushing rates sharply up during the first two weeks of the month. Fresh enquiry was not exactly in abundance, but it was difficult for charterers to find vessels that can meet demanded laycans. But, closer to the end of the month the rates for shipments from the USG ports started falling fast as supply firmly overtook demand quite quickly, resulting in lower bids and undercuts as prompt ... |
USG players see optimistic time ahead26 October 2021, Published under Cement NewsBy Maria Vasyutenko, associate of Brannvoll ApS The USG Supramax/Ultramax spot freight market started the month on a weak mode. The North Atlantic was experiencing side effects from the passing of hurricanes, which caused the temporary closure of several terminals in the Mississippi River as well as disruptions in other links of the logistics chain. Rates for shipments from the USG ports were falling as most charterers preferred to wait until the situation normalised in the Gulf foll... |
Dry bulk freight rates continue to soar13 October 2021, Published under Cement NewsOn 7 October 2021, the Baltic Dry Index, a global indicator of bulk freight rates, reached 5670, marking its highest level since September 2008. This compares to just 393 in mid-May 2020 at the height of the pandemic (see Figure 1). The surge in rates can be attributed to a number of causes, primarily the re-opening of economies following COVID-19, which has led to a spike in demand for sea transportation as manufacturing resumes. However, due to the staggered nature of the reopening, vessel... |
Royal Bodewes to build two new cement carriers02 July 2021, Published under Cement NewsDutch shipbuilder Royal Bodewes has received an order to build two more cement carriers for Cyprus-based Eureka Shipping, according to MarineLink. The two newbuilds will be the fourth and fifth in a series of vessels for Eureka, a joint venture between SMT Cement Ships and the CSL Group. The self-discharging carriers will be sisters to Aalborg White, ordered in 2017 and delivered in 2019. |
Tarmac rail freight to be powered by renewables07 June 2021, Published under Cement NewsTarmac and its rail freight partner DB Cargo UK have announced that the delivery of construction materials on a key strategic route will be powered entirely by 100 per cent renewable fuel. The partners have confirmed that environmentally friendly hydro-treated vegetable oil (HVO) will be fuelling all freight trains running between Tarmac’s Mountsorrel site in Leicestershire and its rail-fed asphalt plant in the centre of Birmingham, as part of an ongoing commitment to supporting the s... |
Port of Malaga to move 50,000t of cement and clinker in single week23 March 2021, Published under Cement NewsThe Port of Malaga, Spain, expects to move around 50,000t of clinker and cement this week. From 22 March, the Nordanhav is loading 9500t of cement at Pier 6 by Financiera y Minera and Opemar. The Ultra Passion will be adding 40,000t of clinker at Pier 7 as of 25 March. |
Indian railways see 26% rise in cement freight11 January 2021, Published under Cement NewsThe volume of cement transported by Indian railways increased 26 per cent YoY in the September-December quarter to 35.5Mt, according to the Ministry of Railways. This also represented a 35 per cent growth compared to the 2QFY20-21. The rise in cement freight has been attributed to a seasonal improvement in construction activity across the country. However, freight costs rose six per cent YoY and three per cent QoQ, according to a report by JM Financial. |
Indian railways see 26% rise in cement freight11 January 2021, Published under Cement NewsThe volume of cement transported by Indian railways increased 26 per cent YoY in the September-December quarter to 35.5Mt, according to the Ministry of Railways. This also represented a 35 per cent growth compared to the 2QFY20-21. The rise in cement freight has been attributed to a seasonal improvement in construction activity across the country. However, freight costs rose six per cent YoY and three per cent QoQ, according to a report by JM Financial. |