Cement News tagged: Freight Markets
No end in sight to market gains
If any more evidence were needed that drybulk rates have gone through the roof, this week saw the Baltic Capesize Index record its biggest ever one-day gain, equivalent to a rise of 6%. The jaw-droppi
A time for reflection perhaps?
While many shipowners are quietly publishing their financial results for the first half of the year reflecting the amazing levels achieved on the charter market, mining companies have been starting to
And still the markets climb higher!
The market is fixated on mergers and acquisitions in the mining sector this month with this spectacular $38.1bn bid by Rio on Alcan, surpassing the previous $28.8bn made by Alcoa.
Rate rises astonish the market
To much surprise, the indexes published by the Baltic for the Cape market have gained more than 1,630 points, i.e. +25% over the last five trading days, and 50% of this rise was done during the last t
Shipping markets on a roll
Another week of strong increases and with a rise of 341 points last week, the BPI reached a new record high of 6,283 points (the last record established was on the 1st of December 2004 with 6,110 pts)
Bulk markets are booming
It’s heating up! The growing interest for all parties to partake in the ever booming bulk market is reflected in all sorts of manners. With strong demand and persisting congestion in Australian coal p
Breaking the records
This is only the third time in history that the 7000 point barrier has been broken for the BCI.
Hungry for tonnage
Since the start of the year, and given that the market has not felt any ignificant downward pressure, both owners and charterers have been hungry for tonnage
Spot activity dominates lower size dry bulk tonn age
In the light of what happened last year and of the predictions coming from both the supply and the demand side, charterers seem to be in the market to secure tonnage for mid and long term commitments.
No clear direction over last week
In the same tango ballet that we have been looking at for a couple of months, freight rates have again danced on the same
Upturn in market but will it last?
The market has been desperately waiting for a clear signal since mid-summer this year, and finally this week the Cape market took the driving seat in an upward trend, not only with the BCI breaking
Iron ore news dominates market trends
Iron ore developments have tended to dominate market discussions over the past fortnight especially with the merger process between Tata steel and Corus going one step forward this week, after Corus’
Some differing trends noted in early October
Some volatility in the markets this week with the different segments showing some differing trends. It seems that forward positions taken on derivatives are partly involved in this upward movement in
Some nervousness lower down the scale
The lower financial results of some owners have progressively disclosed in their half-year reports and the correction recorded recently on the freight market have failed to dampen most dry bulk market
A steely resolve for the shipping sector
With steel markets still showing no signs of easing and steel production in China alone likely to reach 424Mt by the end of this year. Some analysts already forecast another rise in prices for the
Taking a longer-term view
Now, apparently is the time to negotiate period business and the larger contracts of affreightments (coa). This trend has been widely driven by the recent upturn of most commodity prices even if over