Cement News tagged: Freight Markets

Supramax rates fell significantly on all routes amid slow start to the year

23 February 2024, Published under Cement News

By 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...

High volatility in USG Supramax/Ultramax markets

22 January 2024, Published under Cement News

By 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 d...

USG Supramax market skyrocketing as demand/supply plays in owners’ favour and congestion impacts Panama Canal

27 December 2023, Published under Cement News

By 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 i...

Freight rates rise again on increased petcoke and grain demand

27 November 2023, Published under Cement News

By 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 tr...

After dip, freight rates seen stable to slightly higher

After dip, freight rates seen stable to slightly higher

23 October 2023, Published under Cement News

By 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...

Freight rates rising quickly due to increased demand

26 October 2023, Published under Cement News

By 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 ...

Freight rates drifting lower after short rebound

Freight rates drifting lower after short rebound

22 August 2023, Published under Cement News

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

20 July 2023, Published under Cement News

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

05 July 2023, Published under Cement News

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

30 May 2023, Published under Cement News

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

26 April 2023, Published under Cement News

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

27 February 2023, Published under Cement News

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

02 February 2023, Published under Cement News

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

26 January 2023, Published under Cement News

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

23 January 2023, Published under Cement News

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

28 November 2022, Published under Cement News

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...