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Tuesday, 24 April 18
TWO 56K-DWT OPEN HONG KONG AND SINGAPORE WERE FIXED FOR INDONESIA COAL TRIPS TO CHINA, AT $9,500 AND $11,000 RESPECTIVELY - BALTIC BRIEFING
.jpg) Capesize
This week has seen the Cape 5 timecharter weighted average almost double. Similarly, the Brazil to China ore rates climbed over $4.50, from mid-$13.00s, to somewhere in the $18.00s. Despite all this activity, the West Australia ore rates have moved a modest amount. There have been daily fluctuations, with FMG paying $7.50 for a prompt ship, compared to rates of around the $6.50 level the previous week. Fewer fixtures have emerged on timecharter, with a 14-year old 180,000-tonner fixing from Rizhao for a round voyage in the East, at $15,000 daily. While earlier this week, the Aqua Vision (180,353 2011), open Zhuhai 20-23 April, went to Jiangsu Steamship in direct continuation for an Australian round voyage at $12,950. Saldanha Bay/Qingdao rates firmed, last done was $12.80 on the Mineral Stonehenge for early May loading to Anglo American. There was a little period activity, with ArcelorMittal re-letting the Pelopidas (176,006 2011), open China 1-5 May for 9-12 months, at $17,850, in addition to the Pacific Bulk vessel Cape Splendor (206,070 2014), agreeing $23,500 retroactive, sailing to Lanshan 10 April, for balance of period (about 7-9 months). However, in both cases a charterer was not reported.
Panamax
Period interest continued, despite the disparity with spot rates, with the ongoing improvement in the Cape market further boosting the sentiment. The paper market tried to bounce a few times this week, but the declining BPI repeatedly dampened resolve. The North Atlantic was very active in the first half of the week, with a decent clear out of early tonnage, however, rates still softened and there were many reports of ships fixed on timecharter, which, proved to be the equivalent to voyages rates. Further South, East coast South America maintained a reasonable cargo demand, but this was matched by supply, so rates drifted as the week progressed from around $16,500 plus $650,000 ballast bonus for front haul on a modern Kamsarmax, to around $15,500 plus $550,000 ballast bonus. The Pacific remained subdued throughout the week, with a lack of mineral cargoes and an abundance of early ships putting rates under pressure. Those particularly impacted, being Post Panamaxes, however, NoPac grains saw a steady volume of fixing, and rates here showed a little more resistance. Expectation was more optimistic for later dates, with several brokers noting healthy enquiry on forward positions.
Supramax
Overall a week lacking activity in the Atlantic, but some suggested a floor might have been found in certain areas. Most of the Atlantic routes made gains, and the US Gulf market was picking up again towards the weekend. However, it was also reported that a longer tonnage list was evolving in the Mediterranean, with more market players keen to take vessels for period in the area, but was still fairly flat in East coast South America. In the Pacific, it remained a struggle for the rates to achieve the last done level.
A 57,000-dwt open Canakkale, was fixed via the Black Sea and Red Sea, to redeliver in Port Said at $9,500 early part of the week. A 63,000-dwt open Iskenderun, was booked West Africa with clinker, at $10,500. From the US Gulf, a 58,000-dwt was fixed from South-West Pass for grain, to West coast Central America, at a rate around $20,000. Another Ultramax vessel went from the US Gulf area at $24,000 to the East. From East coast South America, a 58,000-dwt was fixed at $16,500 to the Mediterranean; another similar-sized agreed a trip to Adabiya, with redelivery in Port Said, at $17,000 basis, Tubarao delivery.
In the Pacific, steel runs from North China to South-East Asia, were reported ranging from $8,000 to $9,000. Nickel ore trips were fixed at $12,000 on Ultramax vessel open Thailand, or, $10,000 on a 53,000-dwt open South China. Two 56,000-dwt open Hong Kong and Singapore were fixed for Indonesia coal trips to China, at $9,500 and $11,000 respectively. A coal trip from Indonesia to West coast India, was reportedly done at the low $13,000s on a 58,000-dwt basis delivery Cebu, and $9,000 on a 56,000-dwt basis delivery South China. From the Indian Ocean, a 56,000-dwt delivery Bandar Imam Khomeini, was fixed for moving sulphur, via Iran, to China at $15,000. An iron ore trip from Iran to China paid $16,000 on a 58,000-dwt basis delivery Mesaieed.
Handysize
The Pacific basin saw a continuous fall throughout the week, and the negative sentiment continued in the US Gulf, while the rates struggled to push up further from East coast South America. Most of the areas remained largely flat. On the period front, a 38,000-dwt open Paranagua, was booked for four to six months at $13,000 redelivery in the Atlantic.
A voyage fixture of 40,000 tonnes, 10% stem, from Up-River to Algeria, was booked at $30.75, with 8,000mt load and 5,000mt discharge plus 5% total commission structure. A 28,000-dwt open Dneprobugsky, was fixed for a front haul business, with long duration, at a rate in the low $13,000s. A voyage fixture of 25,000-tonnes, 10% barley, was done from Rouen to Tunisia, at $23.75, with 10,000 mt load and 2,500 mt discharge. From the East, a 28,000-dwt open Busan, was booked for a trip via Japan to South-East Asia with scrap cargo, at $8,300. A 37,000-dwt open Lanqiao, was concluded to move logs from New Zealand to China, at $11,500. A 38,000-dwt open Sandakan was fixed for a trip, via Australia, to North China with alumina, at $10,250.
Source: Baltic Briefing
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Wednesday, 13 June 18
SHIPPING MARKET INSIGHT - SOPHIE COTZIAS
2018 marks quite a few milestones for Greek Shipping. No need to detail again the greatness of Greek Shipping or the singular position that Greek s ...
Monday, 11 June 18
AUSTRALIAN COAL PRICES HIT 6-YEAR HIGH AS ASIA DEMAND SPIKES - REUTERS
Australian thermal coal prices have risen to their highest level since 2012 as hot weather across North Asia spurs buying ahead of the peak summer ...
Monday, 11 June 18
ANALYSING A NEW AGE OF AUTONOMOUS VESSELS - IMO
The International Maritime Organization answers the questions of Government Europa on how the next generation of autonomous vessels can be regulate ...
Friday, 08 June 18
AUSTRALIAN THERMAL COAL PRICES SURGE AS ASIA DEMAND HEATS UP - REUTERS
Australian thermal coal prices have hit their highest level since late 2016 as the market heats up on strong demand across North Asia and China in ...
Wednesday, 06 June 18
SHIPPING MARKET INSIGHT - KATERINA RESTIS
As observed last month the price of oil hit its highest level since November 2014 reaching $80 per barrel. Global oil demand growth for 2018 was sl ...
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- Straits Asia Resources Limited - Singapore
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- Rio Tinto Coal - Australia
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- Parry Sugars Refinery, India
- Australian Commodity Traders Exchange
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- SMG Consultants - Indonesia
- MS Steel International - UAE
- ASAPP Information Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
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- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- Minerals Council of Australia
- Sical Logistics Limited - India
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- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- Siam City Cement - Thailand
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
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- Ministry of Transport, Egypt
- Electricity Authority, New Zealand
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Planning Commission, India
- IEA Clean Coal Centre - UK
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- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
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- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
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- Merrill Lynch Commodities Europe
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- PowerSource Philippines DevCo
- Leighton Contractors Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
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- The Treasury - Australian Government
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- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- GN Power Mariveles Coal Plant, Philippines
- Makarim & Taira - Indonesia
- Siam City Cement PLC, Thailand
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Bukit Baiduri Energy - Indonesia
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- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
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- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
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- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
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