Dry bulk freight rates continue to soar
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...
Freight
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Higher freight costs and port congestion send clinker price up in Côte d’Ivoire
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 clink...
Rail freight forward thinking Premium
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 ...
Port of Malaga to move 50,000t of cement and clinker in single week
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 Mine...
Dry bulk shipping market likely to start recovery in 2021
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 shipp...
Cement companies asked to unload product from freight trains
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 ...
Dry bulk shipping sees falling freight rates
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 ...
Indian Railways introduces surcharge exemption for major commodities
Major commodities transported by Indian Railways such as cement, clinker, coal, food grains and fertilisers will be exempt from a 15 per cent surcharge between 1 October 2019-30...
Penna Cement enters freight LTTC with South Central Railway
India-based Penna Cement Industries signed a long-term tariff contract (LTTC) with South Central Railway (SCR) to transport freight at a fixed rate. The five-year scheme will pr...
Investing, improving and incidents
This month is a round-up of global port news, beginning in India. Penna Cement has begun operations at its terminal and bagging plant at Cochin Port, Kerala. Marking an investme...