Cement News tagged under: Freight Markets
Cosco Shipping Bulk signs logistics agreement with Conch17 June 2019, Published under Cement NewsCosco Shipping Bulk has signed an agreement with Conch Logistics, the logistics business of China-based Anhui Conch Group. The two companies will jointly develop the cement logistics business, reports Splash 247. Anhui Conch ordered four 12,500dwt bulk carriers at Jiandong Shipyard with delivery scheduled in 2020. Cosco Shipping Bulk operates the largest bulker fleet in the world with total capacity of over 33mdwt. |
Sesco Cement to build new white cement terminal in Florida23 May 2019, Published under Cement NewsPort Tampa Bay has approved an up to 40-year lease agreement on seven acres of land for Sesco Cement at its Port Redwing site in Gibsonton, Florida. The estimated US$19m investment will see the company use Berth 302 for the ship and rail terminal handling of white cement. "We're really looking at this to be our east coast hub for our business going forward," said Alim Adatia, a Houston-based representative of the company. "We want to be a known entity, and we hope to be here for a long time... |
CSL Group set to acquire 50% of Eureka Shipping Ltd16 May 2019, Published under Cement NewsSMT Shipping (SMT) and The CSL Group (CSL) have entered into an agreement for CSL to acquire 50 per cent of Eureka Shipping Ltd, SMT's pneumatic cement vessel business. The new joint venture will allow Eureka and CSL to combine expertise, resources and innovative technologies to expand services to customers in the seaborne cement powder and fly ash transportation markets around the world, according to a press release. CSL's Australian cement shipping business is not included in the joint ... |
South Central Railway looks to boost cement freight in FY18-1928 January 2019, Published under Cement NewsIndia’s South Central Railway (SCR) has set a new target to boost its cement freight to 27.5Mt in the FY18-19, up from 25.82Mt of the previous year. The company has already transported 20.49Mt in the first three quarters of the financial year. As a whole, Indian railways transported 114.18Mt of cement during the FY17-18, with South Central performing highest amongst all zonal railways at 22.7 per cent of the total. To meet the higher target, Mr Madhusudhana Rao, SCR chief operations manag... |
South Central Railway looks to boost cement freight in FY18-1928 January 2019, Published under Cement NewsIndia’s South Central Railway (SCR) has set a new target to boost its cement freight to 27.5Mt in the FY18-19, up from 25.82Mt of the previous year. The company has already transported 20.49Mt in the first three quarters of the financial year. As a whole, Indian railways transported 114.18Mt of cement during the FY17-18, with South Central performing highest amongst all zonal railways at 22.7 per cent of the total. To meet the higher target, Mr Madhusudhana Rao, SCR chief operations manag... |
Ohorongo to increase rail use20 December 2018, Published under Cement NewsNamibia’s Ohorongo Cement is working together with TransNamib, the country’s railway company, to take more than 5000 truck loads of product off the road. The cement producers will move more freight onto rail, reducing the use of road transport between the Sargberg plant and the northern regions, according to the Namibia Economist. “This specific route is one of the busiest roads countrywide and this reduction of volumes on the route is thus contributing a safer journey for passenger ve... |
Investing, improving and incidents06 December 2018, Published under Cement NewsThis month is a round-up of global port news, beginning in India. Penna Cement has begun operations at its terminal and bagging plant at Cochin Port, Kerala. Marking an investment of US$8m, the terminal has a cement capacity of 0.3Mta. The first vessel to call at the new facility was the Penna Suraksha, a self-discharging cement carrier delivering 25,000t from Krishnapatnam Port, according to The Hindu newspaper. The vessel can discharge cement at up to 1000tph and is equipped with a shipunl... |
Trade war uncertainty reveals cracks09 November 2018, Published under Cement NewsAs discussed in the October issue of ICR, better-than-expected dry bulk rates have dampened the scrapping trend as owners cash in on more buoyant times. According to some observers, however, growing uncertainty surrounding the trade war between the USA and China is starting to reveal cracks with rates beginning to weaken. The Baltic Dry Index (BDI) slumped from 1774 points on 24 July to 1356 on 18 September, its lowest point since June this year. Baltic Dry Index - three months to ... |
Freight rates dampen scrapping trend05 October 2018, Published under Cement NewsBetter-than-expected dry bulk freight rates have done little to encourage shipowners to scrap their older vessels, despite warnings of ongoing market volatility due to a lack of scrapping activity. The Baltic Dry Index (BDI) hit 1773 points in the first week of August, compared to 1250 in the opening week of June, making owners increasingly reluctant to ditch their older tonnage. According to a report by Allied Shipbroking, only three dry bulk vessels were scrapped in the latter half of Aug... |
Owners urged to scrap older vessels06 September 2018, Published under Cement NewsIn the three-month period to 17 July 2018, the Baltic Dry Index (BDI) rose from a low of 1042 points on 30 May to a high of 1695 on 16 July. Baltic Dry Index – three months to 17 July 2018 Khalid Hashim, managing director of Thailand-based Precious Shipping, which operates four cement carriers, has urged shipowners to scrap their older vessels or face continuing volatility. “If scrapping doesn’t accelerate then the BDI will continue to fluctuate sharply solely dependen... |