Cement shipping

Marine Analytics expects that the global cement demand, and consequently the trade, is expected to grow in 2022 and 2023 due to the increasing construction activities including public and industrial sectors across the globe. The dry bulk shipping becomes very important for cement traders, as the freight cost is a major cost in overall landed cement price in the major importing countries.
The freight cost will remain high in 2022 and will further increase in 2023 as the global dry bulk demand will increase over the next two years.
On the supply side, Vietnam, Turkey, and Indonesia being the major exporters, are predicted to show a growth in 2022, after being badly hit by the Covid variants, especially Vietnam and Indonesia. The easing of lending criteria in Indonesia will support the Indonesian exports, which in turn will benefit its trade partners including Australia, Taiwan, Philippines and south Asian countries including Bangladesh and Sri Lanka.
Author: Pooja Rani

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