Cement News: Freight Markets

09 November 2016

Fuel and SOx cap to raise charter rates

In 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-man...

29 September 2016

Baltic Dry Index on the road to recovery?

Over 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. Th...

13 July 2016

Freight: 30m dwt of scrapping needed

With 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. ...

01 July 2016

Brexit: BDI to remain stable?

Following 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, Allie...

Shipping market set for multi-year recovery 17 June 2016

Shipping market set for multi-year recovery

Despite 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...

03 July 2014

Slow Mediterranean market offers forward opportunities

It 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 car...

Mediterranean reluctance, Indian Ocean steady 09 April 2014

Mediterranean reluctance, Indian Ocean steady

Owners 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 ...

30 August 2013

Dry bulk freight market lifts on capesize advance

The dry bulk freight market appears to be picking up as capesize vessels are reported to leading the uplift. The Baltic Dry Index has started to show some improvement although it slipped slightly from 1156 to 1146 in...

05 August 2013

Quiet handysize and panamax markets, capesize promising

Traditionally a more quiet time of the year, the freight market does not delivery any big surprises. Handysize and panamax markets see available shipping capacity outnumber actual cargoes. In the capesize market, cha...

11 March 2013

Freight prices to receive triple boost

As an oversupply in shipping capacity continues to plague the dry bulk freight market market with the Baltic Dry Index bumping along the bottom, there may be some signs of improvement. Higher forecast demand for comm...

23 November 2012

Low Paraguay river makes INC clinker transport difficult

The low levels of the Paraguay river are making transport of clinker more difficult. The current water level is adding 20% to the clinker transport bill of Industria Nacional del Cimento (INC), according to its presi...

21 November 2012

Sharjah Cement Factory signs MoU with Etihad Rail

UAE’s Sharjah Cement Factory has signed a memorandum of understanding with Etihad Rail which will enable the cement producer to transport more than 5Mta of cement and raw materials, more than half the company’s curre...

19 November 2012

India’s cement transport by rail falls 11.8 per cent

A 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 ce...

20 September 2012

Atlantic basin rates fall but Capesize provides positive note

After 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 th...

06 September 2012

End of holidays provides varied freight pricing

The 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 b...

22 August 2012

Dry bulk rates continue summer slip

The past fortnight has seen handysize and panamax rates decline considerably and the BDI is edging down towards a new low.