Cement News tagged under: Freight Markets
McInnis Cement faces rail limit22 February 2018, Published under Cement NewsCanadian cement producer McInnis Cement faces a new challenge in distributing its cement. The Quebec Ministry of Transport is imposing a 10 rail cars/week limit on cement transportation between Matapédia and Caplan due to the dismal state of the rail line. While 90 per cent of its 2.3Mt cement output is shipped, McInnis Cement had planned to increase rail transport of its products to Canadian and US customers to 40 cars per week by next summer. In May 2015 the Quebec Ministry of Transp... |
Cebo Marine's ship undergoes upgrade in capacity16 January 2018, Published under Cement NewsCebo Marine’s cement carrier, 'Lelie C', has undergone maintenance works and an upgrade to its capacity, according to The Motorship. Netherlands-based Damen Shiprepair Oranjewerf completed the upgrade which included installing eight new cement silos, each with a 40m 3 capacity. "Two years ago, we installed the original tanks from the Ritske, a vessel belonging to the same client, and now we have repeated the process again, this time on a much larger scale," said Jeen van der Werf, commerc... |
BDI rallies on back of coal demand20 December 2017, Published under Cement NewsFreight rates in the dry bulk sector are rising on the back of a commodity boom. By the end of November 2017, the Baltic Dry Index (BDI) had improved by 45 per cent so far that year, coming in at over 1470 points in the closing week of the month. According to brokers, the late rise in dry bulk freight rates has been driven by renewed demand for coal in China and India. Some of this trend may be due to the Indian government’s potential extension of its petcoke ban forcing the country’s cement... |
Fuel and SOx cap to raise charter rates09 November 2016, Published under Cement NewsIn the first weeks of October, the Baltic Dry Index (BDI) climbed to 922 points, an improvement of almost 350 per cent on the levels recorded in February. The recent strengthening of the BDI may be a result of changes in the Chinese iron ore and coal markets. Following a government-mandated decrease in domestic production, imports of Australian and Indonesian coal rose by 35 and 56 per cent, respectively YoY in August, considerably supporting the capesize market. However, on 30 September the... |
Baltic Dry Index on the road to recovery?28 September 2016, Published under Cement NewsOver the past six months, the Baltic Dry Index (BDI) has witnessed conservative growth. Despite a period of decline, the BDI has steadily climbed from 392 in March to 804 in the first two weeks of September. This 412-point growth may be a sign that the demand-supply equilibrium in the dry bulk market is headed for continued improvement by the close of 2016. It was noted by Golden Ocean Group Ltd, a Norwegian shipping company, that newbuild deliveries have fallen short in comparison to ... |
Freight: 30m dwt of scrapping needed13 July 2016, Published under Cement NewsWith newbuilds arriving faster than owners are able to scrap their old carriers, the growing oversupply in the dry bulk shipping market is clear. Higher levels of ship scrapping will be needed to balance the market. Shipbroker Alibra Shipping noted in its latest weekly report that Capesize spot rates seemed to correspond with scrapping activity, with rates increasing in the first seven months of the year, peaking early August and declining from September onwards. It said “owners sold many... |
Brexit: BDI to remain stable?01 July 2016, Published under Cement NewsFollowing the result of last week’s ‘Brexit’ vote many questions regarding its long-term aftermath have arisen, with some predicting a curb in the global economy’s growth. As reported by Hellenic Shipping News, Allied’s Head of Market Research & Asset Valuations, George Lazaridis commented on the matter, saying, “The intense uncertainty and volatility will only amplify that which has already been seen in shipping markets up until today and will likely bring about a big series of further prob... |
Brexit: BDI to remain stable?01 July 2016, Published under Cement NewsFollowing the result of last week’s ‘Brexit’ vote many questions regarding its long-term aftermath have arisen, with some predicting a curb in the global economy’s growth. As reported by Hellenic Shipping News, Allied’s Head of Market Research & Asset Valuations, George Lazaridis commented on the matter, saying, “The intense uncertainty and volatility will only amplify that which has already been seen in shipping markets up until today and will likely bring about a big series of further prob... |
Shipping market set for multi-year recovery13 June 2016, Published under Cement NewsDespite bouncing back from the historic lows seen in February 2016 (290 points on 10-11 February), the Baltic Dry Index (BDI) continues to experience downward trends, as seen in the three-year trend shown in Figure 1. Figure 1: Baltic Dry Index, 6 June 2013-6 June 2016 Under these challenging conditions, some ship owners have resorted to chartering their vessels for less than one third of their operating expenditure (not including financing). This downward pressure since end 201... |
Shipping market set for multi-year recovery13 June 2016, Published under Cement NewsDespite bouncing back from the historic lows seen in February 2016 (290 points on 10-11 February), the Baltic Dry Index (BDI) continues to experience downward trends, as seen in the three-year trend shown in Figure 1. Figure 1: Baltic Dry Index, 6 June 2013-6 June 2016 Under these challenging conditions, some ship owners have resorted to chartering their vessels for less than one third of their operating expenditure (not including financing). This downward pressure since end 201... |