Cement News tagged under: dry bulk

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Shun Shing Group consolidates international trading divisions

20 March 2018, Published under Cement News

Hong Kong's Shun Shing Group has announced the launch of Cemcoa, the new name for its international trading arm. All of the group’s trading divisions have been consolidated under the new name and will operate out of 15 international offices. According to a press release, the company traded 11Mt of cement, cementitious materials and solid fuels in 2017. Alongside this, Cemcoa ships dry bulk cargo to over 90 ports. "We are very excited about this new step for Shun Shing Group. The Cemco...

Pakistan: first dry bulk terminal to open in March

03 February 2017, Published under Cement News

Pakistan’s first dry bulk terminal will open next month and is expected to handle 3Mta of coal imports, rising to 20Mt over the next five years, the port’s chief executive said on Thursday. The US$285m Muhammad Bin Qasim Port, which was built with support from the World Bank, will also be used to export cement and clinker, Sharique Siddiqui, chief executive for Pakistan International Bulk Terminal, told Reuters at a coal conference in Cape Town, South Africa. Pakistani cement plant and...

Philippines: Mariveles dry bulk terminal

25 May 2016, Published under Cement News

Sesia Nectar Port Services Inc announced the start of commercial operations at its Mariveles Dry Bulk Terminal in the Freeport Area of Bataan (FAB), Philippines. The company began developing the port in 2015. Ramon Atayde, Sesia chairman, said that with the use of mechanised material handlers for faster and more efficient discharge of shipment, the new facility will optimise the operations of dry bulk handling. The new Mariveles terminal will make FAB a viable location for investors as it...

MacGregor wins order for three eco-bulker vessels

26 November 2014, Published under Cement News

MacGregor, of the Cargotec group, has won a contract from New Times Shipyard, in China, for Intership Navigation Co Ltd's three new 36,500dwt Laker-class bulk carriers. Cyprus-based Intership Navigation manages a fleet of more than 80 vessels, mainly consisting of dry bulk and break bulk vessels, cement carriers and product tankers. The newly-ordered vessels will each have six holds and will be purpose-built for specific trades and routes. Each ship will feature an optimised MacGregor car...

Atlantic basin rates fall but Capesize provides positive note

20 September 2012, Published under Cement News

After 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...

End of holidays provides varied freight pricing

06 September 2012, Published under Cement News

The end of the holiday season in various parts of the world provided the freight market with a varied mix of price trends. In the Handysize market prices appeared to be stabilising somewhat in both basins but with Pacific rates recovering slightly faster. RV Atlantic contracts rose from US$7700/day on 22 August to US$7900/day a week later but then lost modest ground to US$7825/day, according to Fearnleys Research. Meanwhile, its Pacific counterpart made steady gains, rising from US...

Dry bulk rates continue summer slip

22 August 2012, Published under Cement News

The Baltic Dry Index continued its downward trend of the past  month, falling to 728 on 15 August and reflecting the latest developments in the dry bulk markets. The summer break saw Handysize rates plunge further. In the Atlantic Basin, the round voyage rate fell 30 per cent from US$11,500/day to US$8000/day between 1-15 August. Price cuts in the Pacific were more modest as the Pacific RV counterpart contract experienced a 19 per cent decline from US$7750 to US$6250. The TCT Con...