Cement News tagged: Freight Markets
USG freight rates sharply down due to lack of cargoes
By Brannvoll ApS, Denmark The USG Supramax freight market was in free-fall throughout January amid a severe lack of new cargo offers for spot delivery dates. Despite the gradual return of Asia-based chartering managers from their Lunar New Year holidays, the USG Supramax segment kept weakening as reduced tonnage supply in the region put pressure on shipowners. Therefore, owners continued to...
USG freight market stabilised by end of year
By Brannvoll ApS, Denmark The USG Supramax freight market went through ups and downs in December. In the first half of the month, the USG segment showed a steady flow of fresh enquiries. Owners started to raise their offers in response to an abundance of fronthaul petcoke cargoes combined with a decent volume of grains. Closer to the end of the month, sentiment started changing: activity le...
USG freight market sees softening rates
By Brannvoll ApS, Denmark USG Supramax freight market sentiment throughout the month was about negative undertones due to a somewhat thinner cargo book. Rates for shipments from the region were softening with more tonnage entering the market and owners having to chase bids and discount if they want to cover. Demand levels were below average for the time of year, mainly due to the ongoing lo...
USG freight market stable supported by demand
By Brannvoll ApS, Denmark The USG Supramax freight market remained largely supported during the month, especially on fronthaul routes as petcoke demand remained strong and shipments to India and the Far East were regular. Additionally, grain cargoes were entering the market more often thanks to resolved logistic issues in the Mississippi River (low draught issues in the Mississippi Rive...
USG freight market sees softening rates
By Brannvoll ApS, Denmark USG Supramax freight market sentiment throughout the month was about negative undertones due to a somewhat thinner cargo book. Rates for shipments from the region were softening with more tonnage entering the market and owners having to chase bids and discount if they want to cover. Demand levels were below average for the time of year, mainly due to the ongoing lo...
Stronger freight prices seen as demand growing in grain season
The USG Supramax/Ultramax market is in a positive mode. Excessive tonnage supply was absorbed fast as demand was gradually appearing, particularly on fronthaul routes. Charterers had to improve their bids as owners started showing resistance. Consistently strong fronthaul demand and a lack of spot tonnage supply meant rates continued to move upwards. Supramax freight rates for petcok...
USG Supramax/Ultramax prices see significant drop
By Brannvoll ApS, Denmark It has been a month of negative corrections in the USG Supramax/Ultramax segment amid a growing tonnage list, as well as an absence of fresh cargo offers for spot laycans. Owners will be expected to accept lower price levels than previously on fronthaul routes. The European continent and Mediterranean basin remain the destinations of last resort for most owners and...
Freight rates stagnant, but minor upturn expected
By Maria Vasyutenko, associate of Brannvoll ApS The USG Supramax/Ultramax spot freight market started the month in a positive mode, showing recovery with rates firming up amid a shortened list of spot tonnage and a steady cargo flow. The greatest gains were seen in the transatlantic segment, while the fronthaul market was static by comparison, as the number of owners looking to repositio...
USG Supramax/Ultramax spot market remains under pressure
By Maria Vasyutenko, associate of Brannvoll ApS The USG Supramax/Ultramax spot freight market remained under pressure throughout July due to build-up of early tonnage, combined with a shortage of spot cargoes. In addition, a widening gap between the weak Atlantic market and firmer Pacific segment sharpened competition for the limited number of fronthaul opportunities available. Vessels open...
Negative sentiments spreading in freight markets
By Maria Vasyutenko, associate of Brannvoll ApS The USG Supramax/Ultramax spot freight market came under pressure amid increased tonnage supply in the area. Many vessels are ballasting towards USG regardless of the falling rates, which maintains the pressure on the USG and USEC markets and at once highlights the relative weakness of the European freight market. Thus, the USG market sentimen...
USG Supramax/Ultramax spot market firms up
By Maria Vasyutenko, associate of Brannvoll ApS The USG Supramax/Ultramax spot freight market firmed up quite fast during April. A fresh influx of demand has entered the market while the tonnage list was thin with charterers chasing after a few available vessels. It should be noted that rates on transatlantic routes are growing faster than on front-haul routes amid the weak Mediterranean an...
Transatlantic rates drop after market volatility
By Maria Vasyutenko, associate of Brannvoll ApS The USG Supramax/Ultramax spot freight segment experienced a volatile month. At the beginning of the month, transatlantic routes were paying better than fronthaul routes, which was an unusual situation for the market. The reason for these upside-down tendencies was a combination of different factors: the Black Sea area being a risk for owners,...
Freight market sharply up – Russian invasion and higher bunker prices
By Brannvoll ApS, Denmark Following the Russian invasion into Ukraine on 24 February, the freight rates, especially around Europe, have seen a sharp increase in terms of war premium and uncertainty concerning sanctions against Russian transport operations. Moreover, several large shipping companies no longer accept Russian goods for transport. Supramax freight rates for petcoke from ...
USG spot freight market sees pressure on rates
The USG Supramax/Ultramax spot freight market had a negative month. Tonnage supply was bigger than the cargo list and ballasting vessels from the European continent only put additional pressure on rates. With Chinese holidays around the corner, fronthaul cargoes were on hold. Spot vessels were competing in a charterer’s market and rates continued to soften. There was an influx of fresh carg...
Cemex to introduce electric ready-mix trucks
Cemex has announced that it is the first building materials company to complete a large-scale, multi-country pilot using fully electric ready-mix concrete trucks. In 2021 Cemex joined the First Movers Coalition (FMC) and committed to accelerate the innovation and development of decarbonisation technologies in heavy-duty on-road trucking services. An initial, successful trial was carrie...
USG Supramax/Ultramax sees sharp rate drop
By Maria Vasyutenko, freight associate of Brannvoll ApS, Denmark The USG Supramax/Ultramax spot freight market experienced a sharp rate fall after a short-lived spike. Traditionally, the month started on a positive mode. USG tonnage supply was tight, while there was plenty of cargo due to move prior to the holidays. Supramax freight rates for petcoke from Houston, USA It allow...