Cement News tagged under: freight rates
Plants reopen as Adani resolves freight rate dispute21 February 2023, Published under Cement NewsAdani Cement has announced that ACC and Ambuja Cements will resume operations at two plants in Himachal Pradesh, India, after resolving issues over freight rates. According to Reuters, all stakeholders have amicably resolved the issues on freight rates and operations at the Gagal and Darlaghat plants would resume on 21 February 2023. The parties have reportedly agreed to what equates to a 10-12 per cent cut in overall freight rates from that date. The two plants have been shut ... |
Indian Railways introduces surcharge exemption for major commodities17 September 2019, Published under Cement NewsMajor commodities transported by Indian Railways such as cement, clinker, coal, food grains and fertilisers will be exempt from a 15 per cent surcharge between 1 October 2019-30 June 2020. Usually, between October and June, a surcharge of 15 per cent is levied on base freight and is known as a busy season surcharge (BSC). Furthermore, a five per cent supplementary charge on mini and two-point rakes has also been waived off. "BSC, which is levied at 15 per cent from 1 October-30 June, has ... |
High expenses deter industry from investing in Himachal Pradesh12 October 2018, Published under Cement NewsMultiple taxations and high freight charges are some of the reasons that deter the cement industry from investing in Himachal Pradesh, India. State-level taxes include a certain goods carried by road tax levied at INR150/t (US$2/t) of cement up to 250km, and an additional goods tax of INR26/t of limestone and fly ash. The transportation cost in the state is the highest in Asia at INR9.7/km/t of product, according to The Tribune. As a result, no bidders came forward to set up a cement plant... |
Long-term rail freight rates secured for Ramco and Zuari27 April 2018, Published under Cement NewsIndia’s South Central Railway (SCR) has signed a long-term tariff contract with Ramco Cements Ltd and Zuari Cements Ltd to transport freight traffic at fixed rates, according to The Hindu. Ramco and Zuari signed the agreement to ensure fixed tariff costs for three and five years, respectively. The scheme has been designed to offer customers stability and the capacity to plan logistics for a longer period. Similar agreements have already been signed with UltraTech Cements, India Cement... |
India’s cement transport by rail falls 11.8 per cent26 September 2012, Published under Cement NewsA rise in freight charges has seen a drop in cement volumes carried by Indian Railways. In August, cement volumes carried by rail fell 11.8 per cent YoY to 7.52Mt as rail fares saw an increase of as much as 24 per cent. The Cement Manufacturers Association (CMA) said the decline was prompted partly by the rise in freight rates, although the general decline in the cement market also contributed. In addition, the cargo does not have to be transported across long distances. "Today, a la... |
Atlantic basin rates fall but Capesize provides positive note20 September 2012, Published under Cement NewsAfter hitting a new record low for the year at 661 on 12 September, the Baltic Dry Index edge up again to 772 one week later. Dahlman Rose attributes the increase to “modestly higher” Capesize rates. "Considering the downwards pressure currently in Chinese steel prices, we do not expect a significant boost to rates in the near term," Dahlman Rose strategists Omar M Nokta and Damien Fortune said in a note to clients. The Handysize market followed the general trend in the Atlantic basin... |
End of holidays provides varied freight pricing06 September 2012, Published under Cement NewsThe end of the holiday season in various parts of the world provided the freight market with a varied mix of price trends. In the Handysize market prices appeared to be stabilising somewhat in both basins but with Pacific rates recovering slightly faster. RV Atlantic contracts rose from US$7700/day on 22 August to US$7900/day a week later but then lost modest ground to US$7825/day, according to Fearnleys Research. Meanwhile, its Pacific counterpart made steady gains, rising from US... |
Dry bulk rates continue summer slip22 August 2012, Published under Cement NewsThe Baltic Dry Index continued its downward trend of the past month, falling to 728 on 15 August and reflecting the latest developments in the dry bulk markets. The summer break saw Handysize rates plunge further. In the Atlantic Basin, the round voyage rate fell 30 per cent from US$11,500/day to US$8000/day between 1-15 August. Price cuts in the Pacific were more modest as the Pacific RV counterpart contract experienced a 19 per cent decline from US$7750 to US$6250. The TCT Con... |
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