ASL sees continued surge in demand for Cape Size carriers
(Posted on 19/03/25)
The surge in demand for Cape Size bulk carriers will continue for another six weeks, driven on by increased orders from China for bauxite from West Africa, according to Capt. Pappu Sastry, CEO of Adhira Shipping and Logistics (ASL).
ASL is a Logistics Manager, Operator and Consultancy registered in Dubai. The focus of the ASL team is on bulk cargo transport, port management, trading, vessel chartering, barging and transhipment including ocean freight, with experience of such handling of various commodities in all of Africa.
Bauxite prices have gone from US$73 in Sep 2024 to US$120 in January 2025 as an armada of ships wait to load in ports along the coast of West Africa for Cape Size carriers.
“When the ocean freight was low over New Year and Chinese New Year (CNY) holidays, the commodity price had gone up, encouraging exporters to increase volumes. The bauxite prices were not sustainable at a higher level and so many smelters postponed shipments to after the CNY holidays,” said Capt. Sastry.
Prices are now at US$95 in China and there is another surge in demand due to low inventories. Demand is mainly for bauxite from Guinea to China and at the same time the number of iron ore shipments from Brazil also came to market.
“This has triggered a spike in demand for Cape Size vessels and higher Indexed (C3) freights which will last well into April and May. It is important that mines, carriers and consignees are prepared for these fluctuations and have the support they need on the ground to manage the logistics from mine to port and final delivery overseas,” said Capt.Sastry.
ASL has partnerships with Dubai companies to deliver Technical Ship Management, Crew Management, Risk Management, Trading Management and Tanker experience.
Latest News
Torvald Klaveness consolidates groupwide digital solutions
(Posted on 31/03/25)Torvald Klaveness has announced the decision to consolidate all digital services under Klaveness Digital... Read more
INTERCARGO reaffirms call for simplicity as IMO climate talks intensify
(Posted on 31/03/25)The International Association of Dry Cargo Shipowners (INTERCARGO) has renewed its call for straightforward... Read more
The Swedish Club reports strong 2024 results
(Posted on 31/03/25)The Swedish Club has delivered strong results for 2024, posting a USD 34 million profit and significantly... Read more
NORDEN adds two newbuilding Capesize leases with purchase options
(Posted on 27/03/25)In line with NORDEN’s positive long-term outlook for Capesize freight rates, the company have... Read more
Enhanced data collection for Western Bulk
(Posted on 27/03/25)OrbitMI, a global provider of maritime software and data products, has expanded its workflow capabilities... Read more
ClassNK appoints new President & CEO and Executive Vice President
(Posted on 27/03/25)Current ClassNK Senior Vice President Hayato Suga has been appointed as President & CEO as well... Read more
Partnership to enhance compliance and emissions management
(Posted on 18/03/25)OrbitMI, a leading provider of maritime SaaS software, has announced that Istanbul-based Statu Shipping... Read more
INTERCARGO statement on loss of seafarers in Odesa bulker attack
(Posted on 18/03/25)“The International Association of Dry Cargo Shipowners (INTERCARGO) is deeply saddened by the... Read more
DNV white paper on adoption of ammonia and hydrogen fuels
(Posted on 18/03/25)As the shipping industry continues its transition to carbon-neutral fuels, ammonia and hydrogen are... Read more
Enclosed space survey aims to understand why seafarers are still dying
(Posted on 12/03/25)Ship managers and maritime professionals have joined forces to address concerns over the continuing... Read more
