Cement News tagged under: Freight Markets
Dry bulk shipping market likely to start recovery in 202107 May 2020, Published under Cement NewsThe dry bulk shipping market is expected to see significantly more modest levels of growth in the run-up to 2024, according to Rahul Sharan, lead research analyst dry bulk shipping at Drewry India during Cemtech’s live webinar “Impact of COVID-19 on the global cement trade” on 6 May. After introducing the audience to the various demand and supply drivers that move the dry bulk shipping market, Mr Sharan explained the dry bulk shipping cycle and highlighted the importance of China entering ... |
Cement companies asked to unload product from freight trains08 April 2020, Published under Cement NewsIndian cement companies are being asked to unload cement bags from freight trains so they can be used for essential commodities, according to the Deccan Herald. Reports suggest that around 300 trains full of cement bags are lying idle, as the construction business comes to a standstill amid the country’s lockdown period. Since railway officials had waived off demurrage fees and wharfage charges during the crisis, the companies were not losing any money. However, the trains are now in deman... |
Dry bulk shipping sees falling freight rates27 February 2020, Published under Cement NewsThe first two months of 2020 have seen freight rates for dry bulk shipping fall due to seasonality, higher fuel costs and disruption caused by the coronavirus outbreak. Panamax and Handysize earnings declined to US$3535/day and US$3502/day, respectively, reports Denmark-based global shipping organisation BIMCO. While rates have a history of dipping at the start of a new year, the higher cost of fuel following the IMO 2020 sulphur cap also significantly affected earnings for shipping compa... |
Russian producers increase railway distribution in 201917 January 2020, Published under Cement NewsRussian cement manufacturers shipped over 26.21Mt of cement by railway in 2019, an increase of four per cent YoY against 2018. The top regions for consumption of cement delivered by railway in 2019 were Moscow region (1.99Mt tons, +12.3 per cent YoY), the Republic of Tatarstan (1.79Mt, +7.2 per cent), Moscow (1.7Mt, +15.3 per cent), Krasnodar region (1.55Mt, -13.9 per cent), and Khanty-Mansi Autonomous Area (1.15Mt, +4.8 per cent). |
Pakistan coal imports fall 1QFY19-2009 January 2020, Published under Cement NewsPakistan's import of coal for power generation and cement industry has decreased during the period of July-September 2019-20 due to reduced demand in these industries, according to estimates by Central Bank of Pakistan in its latest report for the same quarter. Coal imports dropped by a sharp 41.4 per cent YoY to US$272.2m during the quarter. Quantum imports and unit prices of the commodity were both lower than last year. Demand for imported coal dropped from both the power and cement sect... |
Eqiom tests intermodal cement transport17 December 2019, Published under Cement NewsIn the last three weeks, France-based cement producer Eqiom has been testing the movement of cement by intermodal transport. The company hopes to find a new solution via road and inland waterways to supply its customers in Ile-de-France with up to 25 containers of bulk cement per week from its plant in Grand Couronne, near Rouen. The CRH-owned cement company expects to use a regular river transport shuttle from Le Havre to Gennevilliers, manage by Greenmodal Transport. River transporrt wa... |
SCR meets industry representatives to improve cement loading03 December 2019, Published under Cement NewsIndia’s South Central Railway (SCR) has met representatives from leading domestic cement producers to discuss the improvement of its cement loading. UltraTech, India Cements, Kesoram Cements, ACC, Orient and Bharati Cements all assured railway authorities that cement loading will increase in the coming months, according to Telangana Today. The cement industry is the second-largest freight contributor for SCR, which loaded nearly 13.71Mt during the first half of the FY19-20, the highest am... |
SCR meets industry representatives to improve cement loading03 December 2019, Published under Cement NewsIndia’s South Central Railway (SCR) has met representatives from leading domestic cement producers to discuss the improvement of its cement loading. UltraTech, India Cements, Kesoram Cements, ACC, Orient and Bharati Cements all assured railway authorities that cement loading will increase in the coming months, according to Telangana Today. The cement industry is the second-largest freight contributor for SCR, which loaded nearly 13.71Mt during the first half of the FY19-20, the highest am... |
Indian Railways introduces surcharge exemption for major commodities17 September 2019, Published under Cement NewsMajor commodities transported by Indian Railways such as cement, clinker, coal, food grains and fertilisers will be exempt from a 15 per cent surcharge between 1 October 2019-30 June 2020. Usually, between October and June, a surcharge of 15 per cent is levied on base freight and is known as a busy season surcharge (BSC). Furthermore, a five per cent supplementary charge on mini and two-point rakes has also been waived off. "BSC, which is levied at 15 per cent from 1 October-30 June, has ... |
UBC and Baltrader form joint cement shipping alliance19 June 2019, Published under Cement NewsBaltrader, based in Hamburg, Germany, and United Bulk Carriers (UBC), headquartered in Philadelphia, USA, have signed an agreement to jointly market their respective fleets of pneumatic cement carriers under the name Cement Carrier Alliance (CCA). The new set-up will be able to offer a wider range of vessel sizes, ranging from 3000t to 14,000dwt. “As two independent partners motivated by the same objectives, we have teamed up for the marketing of our respective cement carrier fleets” CC... |