Cement News tagged under: freight
Freight rates drifting lower after short rebound22 August 2023, Published under Cement NewsBy Brannvoll ApS, Denmark The USG Supramax spot freight market started the month on a strong note. Rates were rising across all routes as a region was supported, especially on fronthaul directions, which were dominated by petcoke trades. However, in the second half of the month, rates started slipping below the previous levels due to limited fresh demand, while tonnage continued to pile up for spot/prompt laycan dates. Therefore, the hope for market recovery did not materialise in July. ... |
Freight rates remain weak on low demand20 July 2023, Published under Cement NewsBy Brannvoll ApS, Denmark USG Supramax spot freight market activity was limited with rates continuing to slide. Fresh cargo replenishment was slow, resulting in charterers lowering their bids on fronthaul and transatlantic routes. There were a few petcoke requirements towards India and the Far East, but the market suffered from a notable lack of grain cargoes. Figure 3: Supramax freight rates for petcoke from Houston, USA, March 2019-August 2023 (Source: Brannvoll Aps) Freigh... |
Freight rates weaken on reduced new orders05 July 2023, Published under Cement NewsThe USG Supramax spot freight segment looked weak due to the limited fresh orders in the market. Rates were slipping as tonnage continued to pile up for spot laycan dates. Fixing activity was quite high as owners were looking to secure their positions before the market slips any further. Supramax freight rates for petcoke from Houston, USA Deals for delivery of 50,000t of petcoke from Houston to Iskenderun with spot laycans are discussed at around US$22/t on average, represen... |
Freight rates stabilise on optimistic outlook30 May 2023, Published under Cement NewsBy Brannvoll ApS, Denmark The first half of the month looked inspiring for shipowners. The USG Supramax spot freight market improved with rates showing considerable spikes. Demand was healthy, especially for fronthaul trips, due to tonnage being tight for spot laycan dates and fronthaul. But in the second half of the month the market was already pausing for breath after a rate spike and tonnage supply started to build while demand remained flat. Eventually, the rates decreased amid a d... |
Freight rates have potential to go higher after consolidation26 April 2023, Published under Cement NewsBy Brannvoll ApS, Denmark The USG Supramax freight market was taking a breather as charterers stepped away after the push in rates observed last month. Rates were slipping due to a lack of fronthaul activity. While the shipping volumes of transatlantic cargoes were steady, the lack of outbound grain and petcoke stems halted the market’s upwards trajectory. Figure 1: Supramax freight rates for petcoke from Houston, USA, March 2019-April 2023 As shown in Figure 1, freight ra... |
USG freight rates sharply down due to lack of cargoes27 February 2023, Published under Cement NewsBy Brannvoll ApS, Denmark The USG Supramax freight market was in free-fall throughout January amid a severe lack of new cargo offers for spot delivery dates. Despite the gradual return of Asia-based chartering managers from their Lunar New Year holidays, the USG Supramax segment kept weakening as reduced tonnage supply in the region put pressure on shipowners. Therefore, owners continued to drop their offers. However, charterers’ bids were even lower day by day and as a result, rates saw ... |
USG freight market stabilised by end of year02 February 2023, Published under Cement NewsBy Brannvoll ApS, Denmark The USG Supramax freight market went through ups and downs in December. In the first half of the month, the USG segment showed a steady flow of fresh enquiries. Owners started to raise their offers in response to an abundance of fronthaul petcoke cargoes combined with a decent volume of grains. Closer to the end of the month, sentiment started changing: activity levels decreased with minimal vessels left open for the rest of the month, while all the cargoes were ... |
USG freight market sees softening rates23 January 2023, Published under Cement NewsBy Brannvoll ApS, Denmark USG Supramax freight market sentiment throughout the month was about negative undertones due to a somewhat thinner cargo book. Rates for shipments from the region were softening with more tonnage entering the market and owners having to chase bids and discount if they want to cover. Demand levels were below average for the time of year, mainly due to the ongoing logistic issues in the Mississippi River, where low draught issues complicate barge traffic and slow d... |
USG freight market stable supported by demand10 January 2023, Published under Cement NewsBy Brannvoll ApS, Denmark The USG Supramax freight market remained largely supported during the month, especially on fronthaul routes as petcoke demand remained strong and shipments to India and the Far East were regular. Additionally, grain cargoes were entering the market more often thanks to resolved logistic issues in the Mississippi River (low draught issues in the Mississippi River complicated barge traffic and slowed down exports considerably last month). Owners started to rais... |
Freight dispute continues in northern India30 December 2022, Published under Cement NewsThe dispute over freight rates continues to run after two weeks, forcing the closure of two cement plants in Himachal Pradesh, as talks between truck operators and the management of the Darlaghat (Ambuja Cements) and Barmana (ACC Ltd) plants fail to yield any results. Adani group, which owns both plants, closed the plants on December 14. Adani management has been asking truck operators to lower freight rates to INR6/t/km, but the latter have refused. While the Bilaspur District Transpor... |