Cement News tagged under: freight
USG Supramax/Ultramax spot market remains under pressure21 July 2022, Published under Cement NewsBy Maria Vasyutenko, associate of Brannvoll ApS The USG Supramax/Ultramax spot freight market remained under pressure throughout July due to build-up of early tonnage, combined with a shortage of spot cargoes. In addition, a widening gap between the weak Atlantic market and firmer Pacific segment sharpened competition for the limited number of fronthaul opportunities available. Vessels open in NCSA and Caribs chose to fix from northern Brazil rather than from USG. Market participants were... |
Negative sentiments spreading in freight markets23 June 2022, Published under Cement NewsBy Maria Vasyutenko, associate of Brannvoll ApS The USG Supramax/Ultramax spot freight market came under pressure amid increased tonnage supply in the area. Many vessels are ballasting towards USG regardless of the falling rates, which maintains the pressure on the USG and USEC markets and at once highlights the relative weakness of the European freight market. Thus, the USG market sentiment is soft, fixing activity is limited, and owners with spot vessels are forced to reduce their ideas... |
USG Supramax/Ultramax spot market firms up30 May 2022, Published under Cement NewsBy Maria Vasyutenko, associate of Brannvoll ApS The USG Supramax/Ultramax spot freight market firmed up quite fast during April. A fresh influx of demand has entered the market while the tonnage list was thin with charterers chasing after a few available vessels. It should be noted that rates on transatlantic routes are growing faster than on front-haul routes amid the weak Mediterranean and continental markets, while the Black Sea area still is a risk for owners. Freight rates for tra... |
Transatlantic rates drop after market volatility27 April 2022, Published under Cement NewsBy Maria Vasyutenko, associate of Brannvoll ApS The USG Supramax/Ultramax spot freight segment experienced a volatile month. At the beginning of the month, transatlantic routes were paying better than fronthaul routes, which was an unusual situation for the market. The reason for these upside-down tendencies was a combination of different factors: the Black Sea area being a risk for owners, uncertainty within the Atlantic basin and a strong Pacific segment. This made owners interested in ... |
Freight market sharply up – Russian invasion and higher bunker prices23 March 2022, Published under Cement NewsBy Brannvoll ApS, Denmark Following the Russian invasion into Ukraine on 24 February, the freight rates, especially around Europe, have seen a sharp increase in terms of war premium and uncertainty concerning sanctions against Russian transport operations. Moreover, several large shipping companies no longer accept Russian goods for transport. Supramax freight rates for petcoke from Houston, USA Freight deals for delivery of 50,000t of petcoke from Houston to Iskenderun with ... |
USG spot freight market sees pressure on rates25 February 2022, Published under Cement NewsThe USG Supramax/Ultramax spot freight market had a negative month. Tonnage supply was bigger than the cargo list and ballasting vessels from the European continent only put additional pressure on rates. With Chinese holidays around the corner, fronthaul cargoes were on hold. Spot vessels were competing in a charterer’s market and rates continued to soften. There was an influx of fresh cargoes for second-half February laycans, but spot rates remained under pressure. Supramax freigh... |
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 ... |
Soaring freight rates prompt cement sector reaction29 October 2021, Published under Cement NewsThis week, we are taking a look at the rising costs of dry bulk freight and the resulting impact on the cement industry. Earlier this month, the Baltic Dry Index, a global indicator of bulk freight rates, reached 5670 , marking its highest level since September 2008. Dry bulk rates on the whole have been steadily rising with spot rates for large dry cargo ships, such as Capesize, topping US$80,000 a day in the opening week of October – up 50 per cent in just two weeks. Much of the ri... |