Cement News tagged under: freight

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Slow Mediterranean market offers forward opportunities

03 July 2014, Published under Cement News

It has been a very slow couple of weeks with few orders circulated in the market and often a long list of interested vessels for each new order. Clinker shipments from the Mediterranean to west Africa have been carried out at very sharp levels with owners taking the lower-paying cargoes and leave the extremely-saturated Mediterranean market, according to shipping broker Clarksons . Looking ahead, cement and clinker charterers expect to take full advantage of the low market. Some a...

Freight prices to receive triple boost

11 March 2013, Published under Cement News

As an oversupply in shipping capacity continues to plague the dry bulk freight market market with the Baltic Dry Index bumping along the bottom, there may be some signs of improvement. Higher forecast demand for commodities combine with reduced deliveries of new vessels and higher scrappage rates to support freight prices although a sustained recovery cannot be expected in the short term, according to Bank of America Merrill Lynch (BoAML) research. Persistent oversupply in capacity is bei...

India: cement industry worried over move on freight tariff

27 February 2013, Published under Cement News

The Indian cement sector has expressed concern about the Railway Ministry’s proposal to pass on the rising costs of fuel on to the freight tariff. Apart from the potential to drive up freight costs, industry representatives were worried about the “uncertainty” this would introduce into the freight cost. N Srinivasan, vice-chairman and managing director of India Cements, said the move “leaves the industry in suspense” on the “frequency and basis of hike.” It is as if the freight hike will be...

Low Paraguay river makes INC clinker transport difficult

23 November 2012, Published under Cement News

The low levels of the Paraguay river are making transport of clinker more difficult. The current water level is adding 20% to the clinker transport bill of Industria Nacional del Cimento (INC), according to its president, Carlos Krüssel Llano. INC produces clinker at Vallemí and then ships it to its Villeta grinding unit. However, the company’s president assured that Villeta currently has a good stock of clinker and that it would have no difficulties supplying the market with the necessar...

Sharjah Cement Factory signs MoU with Etihad Rail

21 November 2012, Published under Cement News

UAE’s Sharjah Cement Factory has signed a memorandum of understanding with Etihad Rail which will enable the cement producer to transport more than 5Mta of cement and raw materials, more than half the company’s current logistic requirements. The agreement will offer Sharjah a freight solution that will reduce transport costs and improve efficiency by allowing the use of a mode of transport that is safer and more environmentally-friendly than trucks. Ahmad Abdalla Al Noman, chairman of ...

Dangote orders 500 heavy-duty trucks from Beiqi Foton

21 November 2012, Published under Cement News

Nigerian cement producer Dangote Cement has awarded the contract for 500 Foton-Daimler heavy-duty trucks to Beiqi Foton, one of China’s largest commercial vehicle manufacturers.

Lafarge wins rail freight ‘Oscar’ for Northfleet reconnection project

24 September 2012, Published under Cement News

Lafarge is celebrating after picking up the highest accolade at the Rail Freight Group’s Awards for its Northfleet rail reconnection project in northwest Kent. At a prestigious event, led by Rail Freight Group (RFG) chairman Lord Tony Berkeley, Lafarge was chosen ahead of DB Schenker Rail, and Network Rail & Funding Partners, in the Rail Freight Project of the Year category. Lafarge’s Northfleet rail project involved the reconnection of its former cement works on the south...

Shipping rates soften across the board

02 August 2012, Published under Cement News

With summer activity on the low side, shipping rates generally softened for Handysize, Panamax and Capes, both in the Atlantic and Pacific basins. With a more or less inactive Atlantic market, prices for charters were significantly more affected in the western hemisphere, noting rate decrease of up to a third. The Pacific held up better with declines ranging in the 6-16 per cent bracket. In the Handysize segment RV Atlantic charter rates fell by a quarter to US$11,500/day over the ...

Handy and capesize markets soften while panamax continues climb

20 July 2012, Published under Cement News

The Baltic Dry Index reflected the trends in the handy and capesize markets as it rose from 1103 to 1146 on 11 July, but then slipped to 1074 one week later. After a stable week ended 11 July, the handysize market experienced a softening the following week, particularly in the Atlantic Basin where day rates fell from US$16,600 to US$15,447 for the RV Atlantic contract on 18 July. The Pacific counterpart noted a four per cent drop from US$9400 to US$9000. Few new cargoes were observed as ...

Out of the doldrums

11 April 2012, Published under Cement News

Despite reports of record cargoes, freight rates continue to decline. The start of February saw the Baltic Dry Index plummet to a 25-year low of 647. The zeal of ship owners to keep shipyards busy in recent years is now catching up as capacity outpaces demand. Freight rates continue to decline as overcapacity outpaces demand Freight rates continue to bump along the bottom since the low of 647 on 3 February. The latest indications, on 22 February, put the Baltic Dry Index (BDI) a...