According to a report by Reuters, on 14 January the Baltic Exchange's main sea freight index reached a record low for the eighth straight session, damaged by weaker global demand.
The overall index, which gauges the cost of shipping dry bulk cargoes including cement was down 11 points, or 2.79%, at 383 points.
The index has dropped by approximately 20% this year and on 13 January fell below 400 points for the first time on record.
The capesize, panamax and handysize indices also touched record lows on 14 January.
WCT2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.
World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.
Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.
The cement industry has recently recognised Roanoke Cement Company (RCC) with top honours for Outreach in the 2020 Portland Cement Association (PCA) Cement Industry Energy and Environment Awards.
The Round Table of international shipping associations has announced that it is developing standards and guidelines to address cyber security issues affecting the shipping industry.
Reduced global trade and the recent announcement by China that steel and cement production will be curbed has left the shipping industry facing a potential 50% rate crash.
