Cement News tagged under: Freight Markets
Freight market sharply up – Russian invasion and higher bunker prices23 March 2022, Published under Cement NewsBy 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 Houston, USA Freight deals for delivery of 50,000t of petcoke from Houston to Iskenderun with ... |
USG spot freight market sees pressure on rates25 February 2022, Published under Cement NewsThe 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 cargoes for second-half February laycans, but spot rates remained under pressure. Supramax freigh... |
Cemex to introduce electric ready-mix trucks16 February 2022, Published under Cement NewsCemex 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 carried out in Germany, followed by a further trial in France that was also a success. Cemex expects to gr... |
USG Supramax/Ultramax sees sharp rate drop28 January 2022, Published under Cement NewsBy 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 allowed shipowners to push rates up before a substantial drop. As the month progressed, given the time of... |
USG Supramax/Ultramax spot market sees slow recovery23 December 2021, Published under Cement NewsBy Maria Vasyutenko, associate of Brannvoll ApS, Denmark The USG Supramax/Ultramax spot freight market is slowly recovering after a significant rate fall observed last month. Tonnage supply started shortening once owners and charterers began seeking to cover their positions before the holiday mood begins. Thus, USG rates were well-supported amid decent demand with more and more positional opportunities starting to appear. It should be noted that the grain flow to China is the main driver ... |
USG Supramax/Ultramax spot freight market experiences volatile month22 November 2021, Published under Cement NewsBy Maria Vasyutenko, associate of Brannvoll ApS, Denmark Tight tonnage supply and strong demand were pushing rates sharply up during the first two weeks of the month. Fresh enquiry was not exactly in abundance, but it was difficult for charterers to find vessels that can meet demanded laycans. But, closer to the end of the month the rates for shipments from the USG ports started falling fast as supply firmly overtook demand quite quickly, resulting in lower bids and undercuts as prompt ... |
USG players see optimistic time ahead26 October 2021, Published under Cement NewsBy Maria Vasyutenko, associate of Brannvoll ApS The USG Supramax/Ultramax spot freight market started the month on a weak mode. The North Atlantic was experiencing side effects from the passing of hurricanes, which caused the temporary closure of several terminals in the Mississippi River as well as disruptions in other links of the logistics chain. Rates for shipments from the USG ports were falling as most charterers preferred to wait until the situation normalised in the Gulf foll... |
Dry bulk freight rates continue to soar13 October 2021, Published under Cement NewsOn 7 October 2021, the Baltic Dry Index, a global indicator of bulk freight rates, reached 5670, marking its highest level since September 2008. This compares to just 393 in mid-May 2020 at the height of the pandemic (see Figure 1). The surge in rates can be attributed to a number of causes, primarily the re-opening of economies following COVID-19, which has led to a spike in demand for sea transportation as manufacturing resumes. However, due to the staggered nature of the reopening, vessel... |
Royal Bodewes to build two new cement carriers02 July 2021, Published under Cement NewsDutch shipbuilder Royal Bodewes has received an order to build two more cement carriers for Cyprus-based Eureka Shipping, according to MarineLink. The two newbuilds will be the fourth and fifth in a series of vessels for Eureka, a joint venture between SMT Cement Ships and the CSL Group. The self-discharging carriers will be sisters to Aalborg White, ordered in 2017 and delivered in 2019. |
Tarmac rail freight to be powered by renewables07 June 2021, Published under Cement NewsTarmac and its rail freight partner DB Cargo UK have announced that the delivery of construction materials on a key strategic route will be powered entirely by 100 per cent renewable fuel. The partners have confirmed that environmentally friendly hydro-treated vegetable oil (HVO) will be fuelling all freight trains running between Tarmac’s Mountsorrel site in Leicestershire and its rail-fed asphalt plant in the centre of Birmingham, as part of an ongoing commitment to supporting the s... |