Baltic index slides
Published by Joseph Green,
Editor
World Cement,
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.
Edited from source by Joseph Green. Source: Reuters
Read the article online at: https://www.worldcement.com/europe-cis/15012016/baltic-index-slides-325/
You might also like
World Cement Podcast
In the latest episode of the World Cement Podcast, we are joined by Eoin Condren, Corporate Development Executive Director for Ecocem. Topics covered include: the importance of investing in innovation, the role of policy and legislation in supporting next generation cement products, and a look at some exciting new technologies.
Eagle Materials announce fourth quarter and fiscal year 2025 results
Eagle Materials Inc have reported their financial results for fiscal year 2025 and the fiscal fourth quarter ended March 31, 2025.