Cement News tagged under: Freight Markets
Fuel and SOx cap to raise charter rates09 November 2016, Published under Cement NewsIn the first weeks of October, the Baltic Dry Index (BDI) climbed to 922 points, an improvement of almost 350 per cent on the levels recorded in February. The recent strengthening of the BDI may be a result of changes in the Chinese iron ore and coal markets. Following a government-mandated decrease in domestic production, imports of Australian and Indonesian coal rose by 35 and 56 per cent, respectively YoY in August, considerably supporting the capesize market. However, on 30 September the... |
Baltic Dry Index on the road to recovery?28 September 2016, Published under Cement NewsOver the past six months, the Baltic Dry Index (BDI) has witnessed conservative growth. Despite a period of decline, the BDI has steadily climbed from 392 in March to 804 in the first two weeks of September. This 412-point growth may be a sign that the demand-supply equilibrium in the dry bulk market is headed for continued improvement by the close of 2016. It was noted by Golden Ocean Group Ltd, a Norwegian shipping company, that newbuild deliveries have fallen short in comparison to ... |
Freight: 30m dwt of scrapping needed13 July 2016, Published under Cement NewsWith newbuilds arriving faster than owners are able to scrap their old carriers, the growing oversupply in the dry bulk shipping market is clear. Higher levels of ship scrapping will be needed to balance the market. Shipbroker Alibra Shipping noted in its latest weekly report that Capesize spot rates seemed to correspond with scrapping activity, with rates increasing in the first seven months of the year, peaking early August and declining from September onwards. It said “owners sold many... |
Brexit: BDI to remain stable?01 July 2016, Published under Cement NewsFollowing the result of last week’s ‘Brexit’ vote many questions regarding its long-term aftermath have arisen, with some predicting a curb in the global economy’s growth. As reported by Hellenic Shipping News, Allied’s Head of Market Research & Asset Valuations, George Lazaridis commented on the matter, saying, “The intense uncertainty and volatility will only amplify that which has already been seen in shipping markets up until today and will likely bring about a big series of further prob... |
Brexit: BDI to remain stable?01 July 2016, Published under Cement NewsFollowing the result of last week’s ‘Brexit’ vote many questions regarding its long-term aftermath have arisen, with some predicting a curb in the global economy’s growth. As reported by Hellenic Shipping News, Allied’s Head of Market Research & Asset Valuations, George Lazaridis commented on the matter, saying, “The intense uncertainty and volatility will only amplify that which has already been seen in shipping markets up until today and will likely bring about a big series of further prob... |
Shipping market set for multi-year recovery13 June 2016, Published under Cement NewsDespite bouncing back from the historic lows seen in February 2016 (290 points on 10-11 February), the Baltic Dry Index (BDI) continues to experience downward trends, as seen in the three-year trend shown in Figure 1. Figure 1: Baltic Dry Index, 6 June 2013-6 June 2016 Under these challenging conditions, some ship owners have resorted to chartering their vessels for less than one third of their operating expenditure (not including financing). This downward pressure since end 201... |
Shipping market set for multi-year recovery13 June 2016, Published under Cement NewsDespite bouncing back from the historic lows seen in February 2016 (290 points on 10-11 February), the Baltic Dry Index (BDI) continues to experience downward trends, as seen in the three-year trend shown in Figure 1. Figure 1: Baltic Dry Index, 6 June 2013-6 June 2016 Under these challenging conditions, some ship owners have resorted to chartering their vessels for less than one third of their operating expenditure (not including financing). This downward pressure since end 201... |
Slow Mediterranean market offers forward opportunities03 July 2014, Published under Cement NewsIt has been a very slow couple of weeks with few orders circulated in the market and often a long list of interested vessels for each new order. Clinker shipments from the Mediterranean to west Africa have been carried out at very sharp levels with owners taking the lower-paying cargoes and leave the extremely-saturated Mediterranean market, according to shipping broker Clarksons . Looking ahead, cement and clinker charterers expect to take full advantage of the low market. Some a... |
Mediterranean reluctance, Indian Ocean steady09 April 2014, Published under Cement NewsOwners of dry bulk vessels operating in the Mediterranean are reluctant to take short inter-Med cement or clinker voyages, due to poor rates and lack of cargoes, especially in the eastern Mediterranean, according to Clarksons, the international shipbroker. Instead, owners are opting for cargoes with backhaul to the Atlantic as a first preference. Owners are rating spot cargoes from the Mediterranean to west Africa at reasonable rates, however, for forward cargoes to west Africa, chartere... |
Mediterranean reluctance, Indian Ocean steady09 April 2014, Published under Cement NewsOwners of dry bulk vessels operating in the Mediterranean are reluctant to take short inter-Med cement or clinker voyages, due to poor rates and lack of cargoes, especially in the eastern Mediterranean, according to Clarksons, the international shipbroker. Instead, owners are opting for cargoes with backhaul to the Atlantic as a first preference. Owners are rating spot cargoes from the Mediterranean to west Africa at reasonable rates, however, for forward cargoes to west Africa, chartere... |