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
Shipping takes major sustainable plastic step with toolkit from MACS
(Posted on 16/07/26)The Maritime Association for Clean Seas (MACS) has published a series of practical guides to enable... Read more
Shanghai climbs to second as Singapore retains top spot
(Posted on 16/07/26)Shanghai has officially become the world’s second-most prominent shipping hub, according to the... Read more
OceanScore sees growing port adoption of PortView
(Posted on 16/07/26)OceanScore, the maritime data and sustainability company helping shipping and ports turn regulatory... Read more
INTERCARGO highlights progress and priorities in bulk carrier safety
(Posted on 07/07/26)Bulk carrier safety continues to show steady long-term improvement, but the nature of risk facing seafarers... Read more
Norden raises full-year guidance following strong performance in dry cargo
(Posted on 07/07/26)Following stronger than expected operational performance in dry cargo, reduced costs associated with... Read more
Algoma announces refinancing of long-term debt
(Posted on 03/07/26)Algoma Central Corporation, a leading provider of marine transportation services, has announced that... Read more
Global maritime under threat from Fortibleed incident, warns Cydome
(Posted on 03/07/26)Major maritime, ports and energy companies have been identified by Cydome’s threat-intelligence... Read more
Crewing specialist expands global recruitment network with Indonesian seafarers
(Posted on 30/06/26)As the global shipping industry faces mounting concerns over future crew availability, Danica Crewing... Read more
IMO pauses evacuation in Strait of Hormuz following attack
(Posted on 29/06/26)Following an attack on a vessel in the Gulf of Oman, IMO has decided to temporarily pause its evacuation... Read more
Human cost of keeping world trade moving highlighted on Day of the Seafarer
(Posted on 25/06/26)Leading health and wellness platform OneCare Group is calling on shipping leaders to recognise the immense... Read more
