Cement News tagged under: capesize
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... |
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... |
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... |
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... |
Shipping rates soften across the board02 August 2012, Published under Cement NewsWith summer activity on the low side, shipping rates generally softened for Handysize, Panamax and Capes, both in the Atlantic and Pacific basins. With a more or less inactive Atlantic market, prices for charters were significantly more affected in the western hemisphere, noting rate decrease of up to a third. The Pacific held up better with declines ranging in the 6-16 per cent bracket. In the Handysize segment RV Atlantic charter rates fell by a quarter to US$11,500/day over the ... |
Handy and capesize markets soften while panamax continues climb20 July 2012, Published under Cement NewsThe Baltic Dry Index reflected the trends in the handy and capesize markets as it rose from 1103 to 1146 on 11 July, but then slipped to 1074 one week later. After a stable week ended 11 July, the handysize market experienced a softening the following week, particularly in the Atlantic Basin where day rates fell from US$16,600 to US$15,447 for the RV Atlantic contract on 18 July. The Pacific counterpart noted a four per cent drop from US$9400 to US$9000. Few new cargoes were observed as ... |
Freight rates firm up after initial dip05 July 2012, Published under Cement NewsSelected freight market trends 20.06-04.07.2012 The Pacific Handysize market has seen increased activity over the past fortnight with Pacific RV prices firming from US$4900/day on 13 June to US$8850/day on 4 July. TCT Cont/Far East rates rose from US$19,600/day to US$24,150/day. Atlantic RV rates stabilised at a slightly higher level of US$16,750/day. In the Panamax segment, prices rose in the week ended 20 June, but then fell back the subsequent week, reflecting a lower dema... |
Panamax picks up19 June 2012, Published under Cement NewsHandysize rates cooled in both the Atlantic and Pacific basins. RV Atlantic rates fell from US$15,320/day on 30 May to US$15,000 a fortnight later. The slip in the Pacific market was even more marked as RV Pacific rates fell from US$6230 to US$4900/day over the period. However, the TCT Cont/Far East contract provided some good news as it edged upward from US$19,200 to US$19,600. After its recent downward trend, the Panamax market bottomed out during the week ended 6 June recording rates o... |