Cement News tagged under: freight
USG freight market sees softening rates28 November 2022, 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... |
Stronger freight prices seen as demand growing in grain season25 October 2022, Published under Cement NewsThe USG Supramax/Ultramax market is in a positive mode. Excessive tonnage supply was absorbed fast as demand was gradually appearing, particularly on fronthaul routes. Charterers had to improve their bids as owners started showing resistance. Consistently strong fronthaul demand and a lack of spot tonnage supply meant rates continued to move upwards. Supramax freight rates for petcoke from Houston, USA Average freight rates for transportation of a Supramax-lot of petcoke from... |
USG Supramax/Ultramax prices see significant drop28 September 2022, Published under Cement NewsBy 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 expected29 August 2022, Published under Cement NewsBy 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 pressure21 July 2022, Published under Cement NewsBy 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 markets23 June 2022, Published under Cement NewsBy 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 up30 May 2022, Published under Cement NewsBy 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 volatility27 April 2022, Published under Cement NewsBy 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 prices23 March 2022, Published under Cement NewsBy 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 rates25 February 2022, Published under Cement NewsThe 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... |