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Thursday, 12 April 18
THE PERFECT STORM FOR THE BIG SHIPS - THE BALTIC BRIEFING
 Capesize
The perfect storm for the big ships: with holidays, force majeure in two ore exporting ports and bad weather undermining the market. A lack of significant activity from Brazil left the market one-sided, with owners/operators reluctant to ballast from the East, they instead chased the shorter rounds. Rates tumbled on the West Australia/China run, coming very close to dipping below $5.00. However, with voyage and timecharter rates so low, some owners stood back, with an uptick in paper values prompting resistance as the week closed out. There was talk of a C5 West Australia/China run for 25 April onwards booked at $5.30. Timecharter rates were still paying a premium to voyage, but dropped to four figures, with talk of under $8,000 daily close to fixing for an Australian round. Ships heading for Brazil saw rates fall sharply, with the Tubarao/China rate barely in the mid $12.00s.
A potential 90-day closure at Acu, Brazil, saw several ships freed up and competing for prompt cargoes. North Atlantic trading was extremely slow, and as the week closed out, a well-described 180,000-tonner fixed from Sines for a trip via Ponta Da Madeira to Turkey, at $7,500 daily basis, redelivery Cape Passero. Front haul trading was slow, but Oldendorff secured a 12-year old 180,000-tonner spot Falmouth, for a run East with various loading options, at $17,500 daily. Period rates have eased, but charterers continued to have an appetite for tonnage, albeit at lower levels.
Panamax
The week was disrupted due to the various holidays. Falling paper values meant period fixing dried up, but brokers suggested that charterers were still keen to take forward cover, although at discounted levels. The spot market in the Atlantic saw a significant correction this week, with early tonnage forced to chase the bids down to find cover, after a buildup of tonnage on the Continent. East coast South America remained busy, but again rates eased with modern Kamsarmaxes fixing at around $15,500 plus $550,000 ballast bonus compared to around $16,500 plus $650,000 ballast bonus the previous week.
The Pacific was hit even harder, with a lack of mineral cargoes blamed for falling rates, and the prevailing uncertainty deterring some owners from ballasting. A week ago, a modern Kamsarmax fixed, and failed, at $14,000 for a NoPac round voyage, and then re-fixed a few days later at $12,000 for the same route with rates taking further hits. Although a quiet end to the week, there was a consensus that the market was bottoming out, and an injection of fresh enquiry could see fortunes reversed.
Supramax
Due to the combination of holidays, both at the beginning and end of the week, together with some concern over possible trade wars, the market saw softer tendencies. Details of older period fixtures emerged, with a 57,000-dwt fixed basis delivery Zhoushan, for about five to seven months worldwide, trading at $12,500.
In the Atlantic, rates agreed were lower, but from East coast South America a 60,000-dwt was rumoured fixed basis delivery Recalada for a trip to China, in the upper $15,000s plus $575,000 ballast bonus. A 55,000-dwt was linked to a trip delivery where, when ready River Plate redelivery East Mediterranean, at around $18,000. Activity from the Mediterranean included a 53,000-dwt booked, delivery Constanza for a trip redelivery West Africa, at $11,550. Downward pressure remained in the US Gulf, with brokers reporting a buildup of tonnage. A 53,000-dwt was fixed in the high $13,000s, basis delivery Santa Marta trip to the UK, in the high $13,000s.
Asia did see similar activity levels to last week, but as the week progressed holiday fever took over. Nickel ore movements remained, with a 61,400-dwt fixed delivery CJK via Indonesia to China at around $13,000 to $14,000ss. A 56,000-dwt was reported fixed delivery Prai via Indonesia redelivery South East Asia, at $12,250. On the backhaul runs, an Ultra was rumoured fixed at $5,750 for the first 65 days, and thereafter, mid $13,000s, for a trip to the US Gulf. Little activity was reported from the Indian Ocean this week.
Handysize
A shorter working week in both the Atlantic and Pacific, as holidays in China from Thursday onwards slowed activity, especially in the Pacific. Rates from the US Gulf started to ease, while some larger-sized handy vessels were reportedly competing with Supramax stems in East coast South America. On the period front, a 45,000-dwt open Vietnam was booked for five to seven months at $11,500 daily redelivery worldwide. In the Atlantic, a 35,000-dwt was fixed to ARA-Ghent range at $10,400 daily, basis delivery in the Black Sea. A 28,000-dwt was booked with the same delivery for moving sulphur to Morocco at $10,000 daily. From East coast South America, brokers awaited the next fixture for a new benchmark to be set. In the East, a 37,000-dwt was reported to have fixed to move grain via NoPac, at $10,500 daily basis, delivery CJK.
Source: Baltic Briefing
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Tuesday, 01 May 18
SUPRAMAX: COAL RUNS, A 61,000-DWT WAS FIXED BASIS DELIVERY SURABAYA, FOR A TRIP VIA INDONESIA, RE-DELIVERY INDIA AT $15,000 - BALTIC BRIEFING
Capesize
Rates eased in the East, as the week closed out with the momentum slowing. Levels on the key West Australia/China run dropped to $7.25 ...
Tuesday, 01 May 18
GLOBAL MINER PEABODY EYES SALES OPPORTUNITY IN INDIA’S RISING COAL IMPORTS - BUSINESS STANDARD
Indian imports of coal will continue to rise, reckons the world’s largest private sector coal miner Peabody Energy. Glenn Kellow, president a ...
Saturday, 28 April 18
STRONG ASIAN DEMAND CONTINUES TO HOLD UP THERMAL COAL MARKETS - REUTERS
Asian thermal coal demand is defying its typical seasonal slowdown as well as the expanding use of renewables and natural gas, with prices holding ...
Friday, 27 April 18
PEABODY ENERGY'S REVENUES FOR THE FIRST QUARTER ROSE 10 PERCENT OVER THE PRIOR YEAR TO $1.46 BILLION
Peabody Energy's revenues for the first quarter rose 10 percent over the prior year to $1.46 billion driven by improved seaborne coal pricing a ...
Thursday, 26 April 18
BALTIC EXCHANGE LAUNCHES ESCROW SERVICE FOR VESSEL SALES
The Baltic Exchange will be launching an Escrow Service for its members to hold deposits for ship sale transactions. The move will allow Baltic Exc ...
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Showing 1731 to 1735 news of total 6871 |
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- White Energy Company Limited
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- Central Java Power - Indonesia
- San Jose City I Power Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- GMR Energy Limited - India
- Posco Energy - South Korea
- Chettinad Cement Corporation Ltd - India
- Merrill Lynch Commodities Europe
- Edison Trading Spa - Italy
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Mercuria Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Deloitte Consulting - India
- Indian Oil Corporation Limited
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- Madhucon Powers Ltd - India
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Sakthi Sugars Limited - India
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- South Luzon Thermal Energy Corporation
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Vedanta Resources Plc - India
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- The University of Queensland
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kalimantan Lumbung Energi - Indonesia
- MS Steel International - UAE
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Planning Commission, India
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- Semirara Mining and Power Corporation, Philippines
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
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