HOTTER ON METALS: Breakbulk is back amid shipping's container shortage

February 11, 2021 / www.metalbulletin.com / Article Link

A shortage of containers to ship commodities around the world and the consequent soaring in associated freight rates have led to a revival of interest in breakbulk cargoes.

Producers and physical traders of metals, agricultural, chemical and timber products have been starting to book shipments in breakbulk vessels, which cost far less and doesn't require vast amounts of equipment in port.
On the metals front, the main markets making the switch so far are steel and aluminium, although it is an option suitable for all non-ferrous primary metals and concentrate plus most value-added products.
Aluminium shipments are already being loaded onto breakbulk vessels in Malaysia and the Middle East, market participants say; there is already a backlog developing because loading takes longer.

While the vast majority of metals can be shipped this way, it will not be an option for some market participants: Breakbulk cargoes require thousands of tonnes to be loaded, meaning the larger the parcel, the lower the freight. This makes it likely that traders with small cargoes will struggle to make it financially viable,...

Recent News

Gold's Bull Market Pullbacks

April 28, 2025 / www.canadianminingreport.com

Gold stocks down on metal drop

April 28, 2025 / www.canadianminingreport.com

Investment banks ahead of the gold price, institutions still behind

April 21, 2025 / www.canadianminingreport.com

Gold stocks up, juniors outperform on small cap strength

April 21, 2025 / www.canadianminingreport.com

Gold stocks rebound to new highs

April 14, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok