Cement News tagged under: freight
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... |
Freight fortunes?08 June 2015, Published under Cement NewsRecent developments in cement and clinker trade with shifts in demand patterns have combined with an increasing availability of bulk carrier capacity to push freight rates down. Can cement producers expect this trend to continue going forward? By Levent Karaçelik, Marvel Shipping, Turkey. The scenario for seaborne traffic is changing with lower demand being registered As domestic demand patterns shift and fortunes of local producers change, the cement and clinker trade between c... |
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... |
Freight prices to receive triple boost11 March 2013, Published under Cement NewsAs 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 commodities combine with reduced deliveries of new vessels and higher scrappage rates to support freight prices although a sustained recovery cannot be expected in the short term, according to Bank of America Merrill Lynch (BoAML) research. Persistent oversupply in capacity is bei... |
India: cement industry worried over move on freight tariff27 February 2013, Published under Cement NewsThe Indian cement sector has expressed concern about the Railway Ministry’s proposal to pass on the rising costs of fuel on to the freight tariff. Apart from the potential to drive up freight costs, industry representatives were worried about the “uncertainty” this would introduce into the freight cost. N Srinivasan, vice-chairman and managing director of India Cements, said the move “leaves the industry in suspense” on the “frequency and basis of hike.” It is as if the freight hike will be... |
Low Paraguay river makes INC clinker transport difficult23 November 2012, Published under Cement NewsThe 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 president, Carlos Krüssel Llano. INC produces clinker at Vallemí and then ships it to its Villeta grinding unit. However, the company’s president assured that Villeta currently has a good stock of clinker and that it would have no difficulties supplying the market with the necessar... |
Sharjah Cement Factory signs MoU with Etihad Rail21 November 2012, Published under Cement NewsUAE’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 current logistic requirements. The agreement will offer Sharjah a freight solution that will reduce transport costs and improve efficiency by allowing the use of a mode of transport that is safer and more environmentally-friendly than trucks. Ahmad Abdalla Al Noman, chairman of ... |
Dangote orders 500 heavy-duty trucks from Beiqi Foton21 November 2012, Published under Cement NewsNigerian cement producer Dangote Cement has awarded the contract for 500 Foton-Daimler heavy-duty trucks to Beiqi Foton, one of China’s largest commercial vehicle manufacturers. |
Lafarge wins rail freight ‘Oscar’ for Northfleet reconnection project24 September 2012, Published under Cement NewsLafarge is celebrating after picking up the highest accolade at the Rail Freight Group’s Awards for its Northfleet rail reconnection project in northwest Kent. At a prestigious event, led by Rail Freight Group (RFG) chairman Lord Tony Berkeley, Lafarge was chosen ahead of DB Schenker Rail, and Network Rail & Funding Partners, in the Rail Freight Project of the Year category. Lafarge’s Northfleet rail project involved the reconnection of its former cement works on the south... |
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 ... |