MID-SHIP Cement Report – July 7, 2025
July 7, 2025
Market Overview:
Our heartfelt thoughts and prayers are with all those who have tragically lost their lives and loved ones and those profoundly affected by the recent flash floods in Texas. The devastation caused by this natural disaster is deeply saddening, and we stand in solidarity with the affected communities during this challenging time.
The Baltic Dry Index, which tracks dry bulk freight rates, rose slightly to 1,436 Index Points on July 4, 2025, but has fallen 11.69% over the past month and 26.96% compared to the same time last year.
Two sailors were killed in the Monday Red Sea attack on the Eternity C. This second attack in as many days came just hours after the Houthis claimed responsibility for the Sunday attack on the vessel Magic Seas. The incident marked the first fatalities from Red Sea attacks in over a year as Yemen’s Houthis resume operations. Later in the day, the Israeli air force hit Houthi targets across Yemen.
This week, the U.S. trade Negotiations continue. President Trump established August 1 to impose reciprocal tariff rates on many U.S. trading partners, making public letters sent to Japan and Korea, and informing the administration that it is sending letters to various countries warning them of coming levies.
Our market is basically in a wait-and-see mode during the summer season, with expectations of potential shifts due to geopolitical and economic factors.
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