Cement News tagged under: freight

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USG Supramax/Ultramax prices see significant drop

28 September 2022, Published under Cement News

By Brannvoll ApS, Denmark It has been a month of negative corrections in the USG Supramax/Ultramax segment amid a growing tonnage list, as well as an absence of fresh cargo offers for spot laycans. Owners will be expected to accept lower price levels than previously on fronthaul routes. The European continent and Mediterranean basin remain the destinations of last resort for most owners and as a result, rates in that direction fell less significantly. Freight rates for transportation o...

Freight rates stagnant, but minor upturn expected

29 August 2022, Published under Cement News

By Maria Vasyutenko, associate of Brannvoll ApS The USG Supramax/Ultramax spot freight market started the month in a positive mode, showing recovery with rates firming up amid a shortened list of spot tonnage and a steady cargo flow. The greatest gains were seen in the transatlantic segment, while the fronthaul market was static by comparison, as the number of owners looking to reposition vessels to the Pacific area is more than covering the number of available orders. However, duri...

USG Supramax/Ultramax spot market remains under pressure

21 July 2022, Published under Cement News

By Maria Vasyutenko, associate of Brannvoll ApS The USG Supramax/Ultramax spot freight market remained under pressure throughout July due to build-up of early tonnage, combined with a shortage of spot cargoes. In addition, a widening gap between the weak Atlantic market and firmer Pacific segment sharpened competition for the limited number of fronthaul opportunities available. Vessels open in NCSA and Caribs chose to fix from northern Brazil rather than from USG. Market participants were...

Negative sentiments spreading in freight markets

23 June 2022, Published under Cement News

By Maria Vasyutenko, associate of Brannvoll ApS The USG Supramax/Ultramax spot freight market came under pressure amid increased tonnage supply in the area. Many vessels are ballasting towards USG regardless of the falling rates, which maintains the pressure on the USG and USEC markets and at once highlights the relative weakness of the European freight market. Thus, the USG market sentiment is soft, fixing activity is limited, and owners with spot vessels are forced to reduce their ideas...

USG Supramax/Ultramax spot market firms up

30 May 2022, Published under Cement News

By Maria Vasyutenko, associate of Brannvoll ApS The USG Supramax/Ultramax spot freight market firmed up quite fast during April. A fresh influx of demand has entered the market while the tonnage list was thin with charterers chasing after a few available vessels. It should be noted that rates on transatlantic routes are growing faster than on front-haul routes amid the weak Mediterranean and continental markets, while the Black Sea area still is a risk for owners. Freight rates for tra...

Transatlantic rates drop after market volatility

27 April 2022, Published under Cement News

By Maria Vasyutenko, associate of Brannvoll ApS The USG Supramax/Ultramax spot freight segment experienced a volatile month. At the beginning of the month, transatlantic routes were paying better than fronthaul routes, which was an unusual situation for the market. The reason for these upside-down tendencies was a combination of different factors: the Black Sea area being a risk for owners, uncertainty within the Atlantic basin and a strong Pacific segment. This made owners interested in ...

Freight market sharply up – Russian invasion and higher bunker prices

23 March 2022, Published under Cement News

By Brannvoll ApS, Denmark Following the Russian invasion into Ukraine on 24 February, the freight rates, especially around Europe, have seen a sharp increase in terms of war premium and uncertainty concerning sanctions against Russian transport operations. Moreover, several large shipping companies no longer accept Russian goods for transport. Supramax freight rates for petcoke from Houston, USA Freight deals for delivery of 50,000t of petcoke from Houston to Iskenderun with ...

USG spot freight market sees pressure on rates

25 February 2022, Published under Cement News

The USG Supramax/Ultramax spot freight market had a negative month. Tonnage supply was bigger than the cargo list and ballasting vessels from the European continent only put additional pressure on rates. With Chinese holidays around the corner, fronthaul cargoes were on hold. Spot vessels were competing in a charterer’s market and rates continued to soften. There was an influx of fresh cargoes for second-half February laycans, but spot rates remained under pressure. Supramax freigh...

USG Supramax/Ultramax sees sharp rate drop

28 January 2022, Published under Cement News

By Maria Vasyutenko, freight associate of Brannvoll ApS, Denmark The USG Supramax/Ultramax spot freight market experienced a sharp rate fall after a short-lived spike. Traditionally, the month started on a positive mode. USG tonnage supply was tight, while there was plenty of cargo due to move prior to the holidays. Supramax freight rates for petcoke from Houston, USA It allowed shipowners to push rates up before a substantial drop. As the month progressed, given the time of...

USG Supramax/Ultramax spot market sees slow recovery

23 December 2021, Published under Cement News

By Maria Vasyutenko, associate of Brannvoll ApS, Denmark The USG Supramax/Ultramax spot freight market is slowly recovering after a significant rate fall observed last month. Tonnage supply started shortening once owners and charterers began seeking to cover their positions before the holiday mood begins. Thus, USG rates were well-supported amid decent demand with more and more positional opportunities starting to appear. It should be noted that the grain flow to China is the main driver ...