Cement News tagged under: freight

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USG Supramax/Ultramax spot freight market experiences volatile month

22 November 2021, Published under Cement News

By Maria Vasyutenko, associate of Brannvoll ApS, Denmark Tight tonnage supply and strong demand were pushing rates sharply up during the first two weeks of the month. Fresh enquiry was not exactly in abundance, but it was difficult for charterers to find vessels that can meet demanded laycans. But, closer to the end of the month the rates for shipments from the USG ports started falling fast as supply firmly overtook demand quite quickly, resulting in lower bids and undercuts as prompt ...

Soaring freight rates prompt cement sector reaction

29 October 2021, Published under Cement News

This week, we are taking a look at the rising costs of dry bulk freight and the resulting impact on the cement industry. Earlier this month, the Baltic Dry Index, a global indicator of bulk freight rates, reached 5670 , marking its highest level since September 2008. Dry bulk rates on the whole have been steadily rising with spot rates for large dry cargo ships, such as Capesize, topping US$80,000 a day in the opening week of October – up 50 per cent in just two weeks. Much of the ri...

USG players see optimistic time ahead

26 October 2021, Published under Cement News

By Maria Vasyutenko, associate of Brannvoll ApS The USG Supramax/Ultramax spot freight market started the month on a weak mode. The North Atlantic was experiencing side effects from the passing of hurricanes, which caused the temporary closure of several terminals in the Mississippi River as well as disruptions in other links of the logistics chain. Rates for shipments from the USG ports were falling as most charterers preferred to wait until the situation normalised in the Gulf foll...

Dry bulk freight rates continue to soar

13 October 2021, Published under Cement News

On 7 October 2021, the Baltic Dry Index, a global indicator of bulk freight rates, reached 5670, marking its highest level since September 2008. This compares to just 393 in mid-May 2020 at the height of the pandemic (see Figure 1). The surge in rates can be attributed to a number of causes, primarily the re-opening of economies following COVID-19, which has led to a spike in demand for sea transportation as manufacturing resumes. However, due to the staggered nature of the reopening, vessel...

Higher freight costs and port congestion send clinker price up in Côte d’Ivoire

13 October 2021, Published under Cement News

In addition to the COVID-19 pandemic, the cement industry in Côte d’Ivoire has also faced unprecedented increases in the prices of sea freight, which has sent the price of clinker in the international market up by 80 per cent, according to Rachid Yousry, CEO of LafargeHolcim Côte d’Ivoire. Clinker has also become more expensive as a result of additional clinker storage costs due to congestion in the Autonomous Port of Abidjan. Unloading can take 25-30 days. To date the cement producer has...

Rail freight forward thinking

14 June 2021, Published under Cement News

With a steep reduction in UK train passenger numbers and a thinned-out passenger train timetable due to COVID-19, freight and logistics firm Freightliner has been exploring new types of services to improve efficiency and productivity. The initiatives involve major UK building material suppliers and also enable Freightliner to further enhance rail’s green credentials. By Freightliner, UK. Freightliner is responding to the new landscape with trials involving Tarmac UK and Mendip Rail Lt...

Port of Malaga to move 50,000t of cement and clinker in single week

23 March 2021, Published under Cement News

The Port of Malaga, Spain, expects to move around 50,000t of clinker and cement this week.  From 22 March, the Nordanhav is loading 9500t of cement at Pier 6 by Financiera y Minera and Opemar. The Ultra Passion will be adding 40,000t of clinker at Pier 7 as of 25 March.

Dry bulk shipping market likely to start recovery in 2021

07 May 2020, Published under Cement News

The 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 trains

08 April 2020, Published under Cement News

Indian 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 rates

27 February 2020, Published under Cement News

The 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...