Cement News tagged under: freight
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... |
Higher freight costs and port congestion send clinker price up in Côte d’Ivoire13 October 2021, Published under Cement NewsIn addition to the COVID-19 pandemic, the cement industry in Côte d’Ivoire has also faced unprecedented increases in the prices of sea freight, which has sent the price of clinker in the international market up by 80 per cent, according to Rachid Yousry, CEO of LafargeHolcim Côte d’Ivoire. Clinker has also become more expensive as a result of additional clinker storage costs due to congestion in the Autonomous Port of Abidjan. Unloading can take 25-30 days. To date the cement producer has... |
Rail freight forward thinking14 June 2021, Published under Cement NewsWith a steep reduction in UK train passenger numbers and a thinned-out passenger train timetable due to COVID-19, freight and logistics firm Freightliner has been exploring new types of services to improve efficiency and productivity. The initiatives involve major UK building material suppliers and also enable Freightliner to further enhance rail’s green credentials. By Freightliner, UK. Freightliner is responding to the new landscape with trials involving Tarmac UK and Mendip Rail Lt... |
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. |
Dry bulk shipping market likely to start recovery in 202107 May 2020, Published under Cement NewsThe dry bulk shipping market is expected to see significantly more modest levels of growth in the run-up to 2024, according to Rahul Sharan, lead research analyst dry bulk shipping at Drewry India during Cemtech’s live webinar “Impact of COVID-19 on the global cement trade” on 6 May. After introducing the audience to the various demand and supply drivers that move the dry bulk shipping market, Mr Sharan explained the dry bulk shipping cycle and highlighted the importance of China entering ... |
Cement companies asked to unload product from freight trains08 April 2020, Published under Cement NewsIndian cement companies are being asked to unload cement bags from freight trains so they can be used for essential commodities, according to the Deccan Herald. Reports suggest that around 300 trains full of cement bags are lying idle, as the construction business comes to a standstill amid the country’s lockdown period. Since railway officials had waived off demurrage fees and wharfage charges during the crisis, the companies were not losing any money. However, the trains are now in deman... |
Dry bulk shipping sees falling freight rates27 February 2020, Published under Cement NewsThe first two months of 2020 have seen freight rates for dry bulk shipping fall due to seasonality, higher fuel costs and disruption caused by the coronavirus outbreak. Panamax and Handysize earnings declined to US$3535/day and US$3502/day, respectively, reports Denmark-based global shipping organisation BIMCO. While rates have a history of dipping at the start of a new year, the higher cost of fuel following the IMO 2020 sulphur cap also significantly affected earnings for shipping compa... |
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 ... |
Penna Cement enters freight LTTC with South Central Railway01 April 2019, Published under Cement NewsIndia-based Penna Cement Industries signed a long-term tariff contract (LTTC) with South Central Railway (SCR) to transport freight at a fixed rate. The five-year scheme will provide long-term stability and certainty in freight tariff rates to Penna Cement. According to the terms of the LTTC, freight rates will remain fixed for one year and if the customer exceeds the previous year’s freight contribution, it will unlock discounts. "It is a growth-linked incentive wherein, higher the freigh... |