Cement News tagged under: freight
Eureka Shipping announces new energy-efficient cement carrier17 April 2024, Published under Cement NewsEureka Shipping Ltd, a leading transporter for the cement industry, has announced that it will construct a new cutting-edge vessel for operation in the Great Lakes. The company, jointly owned by SMT Shipping and The CSL Group, plans to replace two of its older vessels with this state-of-the-art mechanical/pneumatic cement carrier. The new vessel will have a 12,500dwt capacity, equal to the two older vessels combined. The company’s Managing Director, Kai Gotterud, stated that, “Building ... |
USG Supramax rates seeing end-of-month decrease25 March 2024, Published under Cement NewsBy Brannvoll ApS, Denmark It was a positive start to the month for Supramax shipowners in the USG region. The rates were increasing on fronthaul routes on the back of the tight tonnage supply for prompt dates in the area. Meanwhile, the transatlantic segment looked quiet, and rates were flat. In the middle of the month, the market started being in stand-off. Quite a few fresh cargoes were accompanied by an even greater influx of new vessels. Charterers were happy to wait and see if the to... |
Supramax rates fell significantly on all routes amid slow start to the year23 February 2024, Published under Cement NewsBy Brannvoll ApS, Denmark The year started on a negative note for Supramax owners in USG. Rates were rapidly falling amid a lack of cargoes and a growing tonnage supply. Closer to the end of the month, the negative trend took a hold and freight rates stabilised thanks to more grains and petcoke offers on fronthaul routes. Freight rates for transportation of a Supramax-lot of petcoke from Houston to ARA ports with spot laycans are at US$21/t on average. Deals for delivery of 50,000t of ... |
High volatility in USG Supramax/Ultramax markets22 January 2024, Published under Cement NewsBy Brannvoll ApS, Denmark The first half of the month went very well for the Supramax/Ultramax owners in USG. The market was strong with levels increasing considerably as demand remained healthy for December dates and there was minimal tonnage supply to handle an increasing volume of cargo requirements. Nevertheless, closer to the end of the month, the USG market started getting softer due to limited fresh demand being introduced. Amid the upcoming holidays most requirements with spot ... |
USG Supramax market skyrocketing as demand/supply plays in owners’ favour and congestion impacts Panama Canal27 December 2023, Published under Cement NewsBy Brannvoll ApS, Denmark USG Supramax/Ultramax market remained healthy during the month with rates rising above previous issue’s levels as tonnage for November dates appeared tight, while demand remained healthy. The strong segment in this area resulted in vessels ballasting from across the basin. Rates considerably increased throughout the month for all directions. There is a further increase in downtimes passing the Panama Canal. Market players increasingly prefer shipments via the ... |
Pakistan cement prices rise due to freight costs21 December 2023, Published under Cement NewsCement prices across Pakistan have risen over recent weeks, according to the Pakistan Bureau of Statistics. The lowest price for a 50kg bag now stands at PKR1265 (US$4.52) with the maximum price coming in at PKR1400. Prices in the north of the country have reported an almost two per cent uptick from an average of PKR1220 in late November/early December to PKR1271/bag. Reports by the Pakistan Observer suggest the price increases are being driven by higher freight rates. The Pakistan govern... |
Freight rates rise again on increased petcoke and grain demand27 November 2023, Published under Cement NewsBy Brannvoll ApS, Denmark The USG Supramax spot freight market finished the month on a positive note with rates continuing to increase as tonnage supply appears tight, while demand remains healthy. This especially relates to the fronthaul trips as fresh petcoke and grain cargoes are steadily trickling in. Meanwhile, the transatlantic segment had its ups and downs with rates dropped on transatlantic routes in the first half of the month but bounced back closer to its end. Freight rat... |
After dip, freight rates seen stable to slightly higher23 October 2023, Published under Cement NewsBy Brannvoll ApS, Denmark The USG Supramax spot freight market was strong during the first half of the month. Rates were increasing thanks to consistent fronthaul demand while shortage of tonnage in the United States East Coast (USEC) area presented attractive options for vessels free in the North Coast South America (NCSA) area, which usually prefer to ballast towards USG. However, at the end of the month, it became evident that fresh demand was lacking for transatlantic trips from USG.... |
Freight rates rising quickly due to increased demand22 September 2023, Published under Cement NewsBy Brannvoll ApS, Denmark The USG Supramax spot market remained strong throughout the month. Freight rates were rising on all routes as fresh demand was at healthy levels, especially on front-haul routes. The increase in front-haul rates was also partially aided by improved activity on transatlantic routes. Shipowners were increasing their prices on front-haul directions to maintain the rate difference by staying within the Atlantic and performing transatlantic shipments. As shown i... |
Freight rates drifting lower after short rebound22 August 2023, Published under Cement NewsBy Brannvoll ApS, Denmark The USG Supramax spot freight market started the month on a strong note. Rates were rising across all routes as a region was supported, especially on fronthaul directions, which were dominated by petcoke trades. However, in the second half of the month, rates started slipping below the previous levels due to limited fresh demand, while tonnage continued to pile up for spot/prompt laycan dates. Therefore, the hope for market recovery did not materialise in July. ... |