Cement News tagged: Freight Markets
Freight rates drifting lower after short rebound
By 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 ...
Freight rates drifting lower after short rebound
By 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 ...
Freight rates remain weak on low demand
By Brannvoll ApS, Denmark USG Supramax spot freight market activity was limited with rates continuing to slide. Fresh cargo replenishment was slow, resulting in charterers lowering their bids on fronthaul and transatlantic routes. There were a few petcoke requirements towards India and the Far East, but the market suffered from a notable lack of grain cargoes. Figure 3: Supramax frei...
Freight rates weaken on reduced new orders
The USG Supramax spot freight segment looked weak due to the limited fresh orders in the market. Rates were slipping as tonnage continued to pile up for spot laycan dates. Fixing activity was quite high as owners were looking to secure their positions before the market slips any further. Supramax freight rates for petcoke from Houston, USA Deals for delivery of 50,000t of petco...
Freight rates stabilise on optimistic outlook
By Brannvoll ApS, Denmark The first half of the month looked inspiring for shipowners. The USG Supramax spot freight market improved with rates showing considerable spikes. Demand was healthy, especially for fronthaul trips, due to tonnage being tight for spot laycan dates and fronthaul. But in the second half of the month the market was already pausing for breath after a rate spike and ...
Freight rates have potential to go higher after consolidation
By Brannvoll ApS, Denmark The USG Supramax freight market was taking a breather as charterers stepped away after the push in rates observed last month. Rates were slipping due to a lack of fronthaul activity. While the shipping volumes of transatlantic cargoes were steady, the lack of outbound grain and petcoke stems halted the market’s upwards trajectory. Figure 1: Supramax freig...
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...