Cement News tagged under: freight rates

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High expenses deter industry from investing in Himachal Pradesh

12 October 2018, Published under Cement News

Multiple taxations and high freight charges are some of the reasons that deter the cement industry from investing in Himachal Pradesh, India. State-level taxes include a certain goods carried by road tax levied at INR150/t (US$2/t) of cement up to 250km, and an additional goods tax of INR26/t of limestone and fly ash. The transportation cost in the state is the highest in Asia at INR9.7/km/t of product, according to The Tribune. As a result, no bidders came forward to set up a cement plant...

Long-term rail freight rates secured for Ramco and Zuari

27 April 2018, Published under Cement News

India’s South Central Railway (SCR) has signed a long-term tariff contract with Ramco Cements Ltd and Zuari Cements Ltd to transport freight traffic at fixed rates, according to The Hindu. Ramco and Zuari signed the agreement to ensure fixed tariff costs for three and five years, respectively.  The scheme has been designed to offer customers stability and the capacity to plan logistics for a longer period. Similar agreements have already been signed with UltraTech Cements, India Cement...

India’s cement transport by rail falls 11.8 per cent

26 September 2012, Published under Cement News

A 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 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...