We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
.jpg) 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, in what appeared to be pre-holiday jitters, after climbing in excess of the mid-$7.00s before stalling. The Australian miners were taking ships, with Rio Tinto securing tonnage for 13 May onwards at the end of the week from Dampier to Qingdao at $7.25, but with improved drafts in Dampier, brokers said. Timecharter rates hovered around $16,000 to $17,000 daily for Australian round voyages. Brazil trading slowed after a sharp rate rise on the key Tubarao/Qingdao run, and although easing, rates were still around $18.00, however, with claims, a rate in the high $17.00s was agreed. Tonnage was tight in the North Atlantic, and rates pushed up, with reports of end-May cargo fixed from Puerto Bolivar at $10.40 basis Rotterdam. The transatlantic timecharter rate slipped, but was still close to $20,000 daily, although activity slowed, fronthaul rates were still in the low to mid $30,000 daily. With uncertainty going forward, and a flat forward paper curve, period trading slowed with some failing evidently. A 2011-built 176,000-tonner fixed this week for seven to ten months trading with first-half May, delivery China, at $18,500 daily. The gap remained wide between charterers and owners ideas for now.
Panamax
There were fewer period trades, as the bid/offer gap widened due to the declining spot market, but the few deals done were still at solid levels. Atlantic rates softened in the North due to the oversupply of tonnage, despite a relatively healthy amount of enquiry. Grain sales to China for the US stopped due to the introduction of the anti-dumping charges, and despite this leading to increased volume from an already busy East coast South American market, potential increases were off-set by the large number of ballasters and owners struggling to maintain rates. Modern Kamsarmaxes were fixing at $14,800 plus a $480,000 ballast bonus, but it was unlikely that this level would be on the table for very long, with sources suggesting mid-May cargoes have mostly been covered. The Pacific saw a touch more mineral demand, but rates in the South fell. Although the North experienced a flurry of greatly improved fixtures, mainly for NoPac cargoes, sources attributed this to the upcoming Golden Week in Japan, combined with a holiday in China (Monday and Tuesday). Regardless, the improvement was enough to see the BPI P3a rise unexpectedly on Thursday, when rates on other routes dropped, with the highlight a very well described Kamsarmax in Japan fixing at over $14,000 for a trip via NoPac to South China.
Supramax
With the onset of various holidays in the Asian sector next week, this basin saw more activity than the Atlantic this week. There was period cover sought, with a 63,000-dwt open CJK end April, fixed for four to six months, trading redelivery worldwide, at $13,000. While further South, a 56,000 open Kosichang was fixed for three to six months, redelivery worldwide, at $12,750.
A mixed bag from the Atlantic, with limited fixtures surfacing. A 58,000-dwt open Turkey was booked for a trip, via the Black Sea, redelivery Singapore-Japan, in the upper $17,000s. From the Continent, a 53,000-dwt was fixed for a scrap run from Liverpool to the Mediterranean, at around $14,000. An easing of interest from East coast South America saw a 55,000-dwt fix basis Recalada, for a trip to the Mediterranean, in the mid $14,000s. From the US Gulf, a 55,000-dwt open New Orleans early May, agreed a rate in the mid $15,000s to move wood pellets to the Continent.
There was a touch more nickel moved this week. A 57,000-dwt open Yangjiang, was fixed for a trip, via the Philippines, redelivery China, at $11,750. For coal runs, a 61,000-dwt was fixed basis delivery Surabaya, for a trip via Indonesia, redelivery India at $15,000. A 50,200-dwt open Phu My, also went for two to three laden legs redelivery worldwide, at $10,000. From the Indian Ocean, a 63,500-dwt was fixed for a trip delivery Mumbai, via West coast India, redelivery China, at $14,000. Finally, for South African business, a 63,500-dwt went delivery Krisnapatnam, via South Africa, redelivery Singapore-Japan range at $13,150.
Handysize
Overall it was a relatively slow week, with the week beginning much as it had finished the previous week. Lower rates were reported from East coast South America, US Gulf and the Pacific basin towards the end of the week. A 33,000-open West Mediterranean was reportedly fixed for three to five months, trading with worldwide redelivery at approximately $11,000. Another similar-sized open in the same area was concluded at $9,500 for two to three laden legs, with redelivery in the Atlantic at $9,500. From East coast South America, a 38,000 was booked to move grain to Spain at $12,750 – a rate brokers considered at the low end. From the US Gulf, a 35,000 did intra-Gulf business at around $8,000, and two 34,000s, open US East coast, were fixed to Veracruz at $6,500, and the Western Mediterranean at $10,000, respectively. In the Pacific, a 32,000-dwt open South China agreed $9,000 for a run via Vietnam, and redelivery in the Philippines. Similarly, a 28,000 open Singapore, was fixed to the Philippines at $8,500. A trip with limestone paid $9,000 on a 43,000 from Singapore to East coast India.
Source: Baltic Briefing
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 28 August 18
COURT CONCLUDES DELIVERY MADE IN ACCORDANCE WITH TERMS OF LOIS - INCE&CO
Glencore Agriculture BV v Navig8 Chemicals Pool Inc (Songa Winds) [2018] EWCA 1901 (Civ)
In this case, the Commercial Court fo ...
Tuesday, 28 August 18
SUPRAMAX: A COAL TRIP VIA INDONESIA PAID $13,500 ON A 56,000DWT TO WC INDIA - BALTIC BRIEFING
Capesize
The Singapore holiday mid-week disrupted trading and unsettled the market, with owners losing some resilience. The market took on a la ...
Tuesday, 28 August 18
SHIPPING MARKET UPDATE - GEORGE LAZARIDIS
As we edge close to the start of the Autumn Season, a period within the year that is usually characterized as the pivot point from the final quarte ...
Friday, 24 August 18
KOREAN RESTRICTIONS ON COAL SULPHUR IMPACTING HUNTER EXPORTS - THE HERALD
WARNINGS that Korean restrictions on sulphur levels in coal could hurt the Hunter industry appear to have been accurate, according to a report in t ...
Thursday, 23 August 18
RUSSIA'S MECHEL PRODUCED 9.69 MMT OF RUN-OF-MINE COAL IN 1H'2018
Mechel PAO, one of the leading Russian mining and metals companies, announces 1H2018 operational results.
Mechel PAO’s Chief E ...
|
|
|
Showing 1636 to 1640 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Indonesian Coal Mining Association
- Formosa Plastics Group - Taiwan
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Lanco Infratech Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Jindal Steel & Power Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Agrawal Coal Company - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Bharathi Cement Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- Planning Commission, India
- GMR Energy Limited - India
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- Oldendorff Carriers - Singapore
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- Eastern Energy - Thailand
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- Parliament of New Zealand
- Xindia Steels Limited - India
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- Coal and Oil Company - UAE
- Vedanta Resources Plc - India
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- Power Finance Corporation Ltd., India
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CNBM International Corporation - China
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- The University of Queensland
- Africa Commodities Group - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Bhushan Steel Limited - India
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- MS Steel International - UAE
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- Parry Sugars Refinery, India
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- PowerSource Philippines DevCo
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sical Logistics Limited - India
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Anglo American - United Kingdom
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- The Treasury - Australian Government
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- Kepco SPC Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
|
| |
| |
|
