Cement News tagged under: Freight Markets
Pakistan Cement Factory asked to control pollution15 August 2008, Published under Cement NewsThe Punjab Environmental Protection Agency has directed a cement factory in Chakwal district to take remedial measures or stop pollution causing activities in the close vicinity of lush green Kalar Kahar. The EPA Punjab has issued Environmental Protection Order to Pakistan Cement Factory, directing the management to take steps to control pollution within 30 days for avoiding proceedings under the relevant sections of Pakistan Environmental Protection Act 1997. The EPA Punjab has directed t... |
Freights exhibit summer lethargy25 July 2008, Published under Cement NewsA relatively quiet month for the dry bulk markets with brokers reporting fewer ships waiting to load at some of the earlier congested major bulk ports and even the imminent arrival of the much-hyped Olympic games said to be having an effect on freight movements and charter levels China National Coal Group and China Shipping have launched a new joint venture to ensure a smoother flow of domestic coal, and as such China is expected to pump more resources into new handling systems to alleviate... |
Panamax freights subject to downward pressures26 June 2008, Published under Cement NewsWith dry bulk shipowners continuing to make substantial profits, it is not surprising that a number of industrial groups mulling a move into shipowning continues to grow. India’s Tata Power is reported late-June to have earmarked US$600m for new orders, in a bid to take greater control over shipping costs. According to shipbrokers Barry Rogliano, Tata Power joins compatriots Videocon, Reliance Power and the Steel Authority of India Ltd (SAIL) in considering such a move, with the latter expec... |
Rates down in the Panamax sector25 May 2008, Published under Cement NewsA steep tumble in Panamax rates pushed the dry index sharply down last week after the mid-sizes failed to hold onto the spectacular gains of the previous ten days. But while the BPI lost 1,107 points from Tuesday to Friday (a net loss over the week of 780 points), the slump did little to impact the Cape market - reports shipbrokers Barry Rogliano in Paris. By contrast the BCI remained only 1% off its record high, as China iron ore trading continued to pump up the market. The combination of h... |
Baltic gains reflect increased trading activities22 April 2008, Published under Cement NewsHard to comprehend, the continuing desire to convert aging single-skin VLCCs to dry bulk carriers still continues, albeit at a slower pace, but neverless still a feature of current markets, with South Korea operator Polaris Shipping reportedly having just purchased four single-hull tankers for transformation into bulkers. In China the Cosco Shipyard also announced it has completed the first conversion contract in the recent wave. The Hosco-owned Hebei Success is reported to have come in at b... |
Pakistan cement exports to Middle East and African increase15 April 2008, Published under Cement NewsHigh demand of Pakistan’s cement in the Middle East and African countries has enhanced significantly country’s exports by 80 percent in the three quarters of the current fiscal year to stand at 2.632Mt. According to the All Pakistan Cement Manufacturer Association (APCMA), the cement exports have registered 139 percent growth to reach at 5.1Mt so far in the fiscal year with the rising construction boom in Middle East, African countries, and India. The cement exports to Middle East and Afri... |
Export coal shortages could impact on rates20 March 2008, Published under Cement NewsCoal markets have tended to dominate the news of late with reports of further congestion at Australia’s main export loaders likely to limit volumes for the foreseeable future with one report suggesting a loss of over 2Mt of sales. At the same time, China is contemplating reducing export allocations to around 32Mt in 2008 as its domestic coal production is being switched back into ensuring domestic buyers are given maximum allocations. Last year China exported over 53Mt. Both events likely to ... |
Freight rates bounce back in February18 February 2008, Published under Cement NewsThe Baltic Dry Index jumped 1000 points last week as confidence returned to the dry bulk market and expectations grew for more iron ore cargos, especially out of Brazil which had seen some supply disruptions in January. Freight rates have now returned to mid-January levels report brokers Barry Rogliano in Paris. Meanwhile, the Panamax market recorded the biggest improvement last week – an increase of over 20% - as disruption continued in the coal markets. Rio Tinto became the fifth Australia... |
Markets show more instability23 January 2008, Published under Cement NewsAnother frenetic week in the dry bulk market with more huge fluctuations in rates and plenty of drama behind the scenes. The Baltic Dry Index (BDI) finished ast Friday at 6462, down nearly 1500 on the week and its lowest level since July last year. However by the end of the week there were signs of a major rebound in the Forward Freight (FFA) market sector and for larger tonnage sizes rates seem to be holding up suggesting the present tirmoil might be short-lived. Meanwhile long-term pur... |
Oversupply factors begin to bite17 December 2007, Published under Cement NewsThe Baltic Panamax Index went down by 412 points mid-December, finishing at 9394. The four TC’s average lost US$3,400, falling from US$79,100 per day to US$75,700. Last week’s drop in the Panamax market was mainly driven by an oversupply of tonnage in the Pacific, with rates falling by US$5,000. Mid-December activity levels saw the Atlantic sector remaining steady but somewhat bearish reports broker Barry Rogliano The market has been sustained by a few fresh Panamax requirements. Interest f... |