Cement News tagged under: Freight Markets
Slow Mediterranean market offers forward opportunities03 July 2014, Published under Cement NewsIt has been a very slow couple of weeks with few orders circulated in the market and often a long list of interested vessels for each new order. Clinker shipments from the Mediterranean to west Africa have been carried out at very sharp levels with owners taking the lower-paying cargoes and leave the extremely-saturated Mediterranean market, according to shipping broker Clarksons . Looking ahead, cement and clinker charterers expect to take full advantage of the low market. Some a... |
Mediterranean reluctance, Indian Ocean steady09 April 2014, Published under Cement NewsOwners of dry bulk vessels operating in the Mediterranean are reluctant to take short inter-Med cement or clinker voyages, due to poor rates and lack of cargoes, especially in the eastern Mediterranean, according to Clarksons, the international shipbroker. Instead, owners are opting for cargoes with backhaul to the Atlantic as a first preference. Owners are rating spot cargoes from the Mediterranean to west Africa at reasonable rates, however, for forward cargoes to west Africa, chartere... |
Mediterranean reluctance, Indian Ocean steady09 April 2014, Published under Cement NewsOwners of dry bulk vessels operating in the Mediterranean are reluctant to take short inter-Med cement or clinker voyages, due to poor rates and lack of cargoes, especially in the eastern Mediterranean, according to Clarksons, the international shipbroker. Instead, owners are opting for cargoes with backhaul to the Atlantic as a first preference. Owners are rating spot cargoes from the Mediterranean to west Africa at reasonable rates, however, for forward cargoes to west Africa, chartere... |
Dry bulk freight market lifts on capesize advance30 August 2013, Published under Cement NewsThe dry bulk freight market appears to be picking up as capesize vessels are reported to leading the uplift. The Baltic Dry Index has started to show some improvement although it slipped slightly from 1156 to 1146 in the week ended 28 August 2013. However, progress in other market segments has been more muted. Strong iron imports into the China are bolstering the capesize market as the commodity is responsible for around one-third of capesize shipments and China represents two-thirds of t... |
Quiet handysize and panamax markets, capesize promising05 August 2013, Published under Cement NewsTraditionally a more quiet time of the year, the freight market does not delivery any big surprises. Handysize and panamax markets see available shipping capacity outnumber actual cargoes. In the capesize market, charters are improving. The Baltic Dry Index (BDI) slipped in July but still enjoys a much better level than last year. In terms of handysize shipments, the Pacific market is still fairly quiet. Only a few coal shipments were noted as the Ramadan period continues. Pacific RV rate... |
Freight prices to receive triple boost11 March 2013, Published under Cement NewsAs an oversupply in shipping capacity continues to plague the dry bulk freight market market with the Baltic Dry Index bumping along the bottom, there may be some signs of improvement. Higher forecast demand for commodities combine with reduced deliveries of new vessels and higher scrappage rates to support freight prices although a sustained recovery cannot be expected in the short term, according to Bank of America Merrill Lynch (BoAML) research. Persistent oversupply in capacity is bei... |
Low Paraguay river makes INC clinker transport difficult23 November 2012, Published under Cement NewsThe low levels of the Paraguay river are making transport of clinker more difficult. The current water level is adding 20% to the clinker transport bill of Industria Nacional del Cimento (INC), according to its president, Carlos Krüssel Llano. INC produces clinker at Vallemí and then ships it to its Villeta grinding unit. However, the company’s president assured that Villeta currently has a good stock of clinker and that it would have no difficulties supplying the market with the necessar... |
Sharjah Cement Factory signs MoU with Etihad Rail21 November 2012, Published under Cement NewsUAE’s Sharjah Cement Factory has signed a memorandum of understanding with Etihad Rail which will enable the cement producer to transport more than 5Mta of cement and raw materials, more than half the company’s current logistic requirements. The agreement will offer Sharjah a freight solution that will reduce transport costs and improve efficiency by allowing the use of a mode of transport that is safer and more environmentally-friendly than trucks. Ahmad Abdalla Al Noman, chairman of ... |
India’s cement transport by rail falls 11.8 per cent26 September 2012, Published under Cement NewsA rise in freight charges has seen a drop in cement volumes carried by Indian Railways. In August, cement volumes carried by rail fell 11.8 per cent YoY to 7.52Mt as rail fares saw an increase of as much as 24 per cent. The Cement Manufacturers Association (CMA) said the decline was prompted partly by the rise in freight rates, although the general decline in the cement market also contributed. In addition, the cargo does not have to be transported across long distances. "Today, a la... |
Atlantic basin rates fall but Capesize provides positive note20 September 2012, Published under Cement NewsAfter hitting a new record low for the year at 661 on 12 September, the Baltic Dry Index edge up again to 772 one week later. Dahlman Rose attributes the increase to “modestly higher” Capesize rates. "Considering the downwards pressure currently in Chinese steel prices, we do not expect a significant boost to rates in the near term," Dahlman Rose strategists Omar M Nokta and Damien Fortune said in a note to clients. The Handysize market followed the general trend in the Atlantic basin... |