Shree Cement to acquire railway siding operator
The board of India’s Shree Cement Ltd has approved the acquisition of Raipur Handling and Infrastructure Pvt Ltd, a private railway siding operator, for INR590m (US$8.8m).
Freight
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Coal price to come down, freight rates to harden
Chinese coal prices, which have fluctuated between CNY550-750/t (US$83.60-114/t) in the past two years, are set to ease going forward, as it is anticipated that the country's po...
BDI rallies on back of coal demand
Freight rates in the dry bulk sector are rising on the back of a commodity boom. By the end of November 2017, the Baltic Dry Index (BDI) had improved by 45 per cent so far that ...
Making the right moves Premium
The opening moves in a chess game lay the foundation for every match. Likewise, assigning cement transport orders to contract hauliers plays a crucial role in the daily race for...
Lafarge helps boost rail freight for Zambia Railways
Zambia Railways Ltd (ZRL) has recorded an increase in freight in the first half of the year by 70,379t due to signing of service level agreements with local companies. Part of t...
Freight: 30m dwt of scrapping needed
With newbuilds arriving faster than owners are able to scrap their old carriers, the growing oversupply in the dry bulk shipping market is clear. Higher levels of ship scrapping...
Freight fortunes? Premium
Recent developments in cement and clinker trade with shifts in demand patterns have combined with an increasing availability of bulk carrier capacity to push freight rates down....
Slow Mediterranean market offers forward opportunities
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 Medit...
Freight prices to receive triple boost
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 impro...
India: cement industry worried over move on freight tariff
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 dr...