Cement News tagged under: Freight Markets
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... |
Dry bulk freight market lifts on capesize advance30 August 2013, Published under Cement NewsThe 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 the week ended 28 August 2013. However, progress in other market segments has been more muted. Strong iron imports into the China are bolstering the capesize market as the commodity is responsible for around one-third of capesize shipments and China represents two-thirds of t... |
Quiet handysize and panamax markets, capesize promising05 August 2013, Published under Cement NewsTraditionally 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, charters are improving. The Baltic Dry Index (BDI) slipped in July but still enjoys a much better level than last year. In terms of handysize shipments, the Pacific market is still fairly quiet. Only a few coal shipments were noted as the Ramadan period continues. Pacific RV rate... |