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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
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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
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Friday, 10 August 18
U.S. COAL PRODUCTION TO DECLINE BY 1.8% IN 2019 BECAUSE COAL EXPORTS AND COAL CONSUMPTION ARE BOTH FORECAST TO DECREASE - EIA
EIA forecasts U.S. coal production will decline by 1.1% to 766 million short tons (MMst) in 2018 despite a 5.7% (6 MMst) increase in coal exports.
...
Thursday, 09 August 18
RIO TINTO COMPLETES SALE OF REMAINING COAL ASSETS
Rio Tinto has completed the sale of its remaining coal assets in Queensland, Australia, for $3.95 billion.
According to a noted post ...
Wednesday, 08 August 18
CHINA DEMANDS PREMIUM IRON ORE, COAL; MINERS MIXED IMPACT - FITCH RATINGS
China’s stricter environmental regulations and structural changes in its steelmaking industry boosts ongoing demand for high-quality iron ore ...
Wednesday, 08 August 18
SHIPPING MARKET INSIGHT - CHRISTOPHER WHITTY
Singapore's shipyard business has evolved over the decades, from shipbuilding and repairs to rig building. It's now evolving again, to cate ...
Friday, 03 August 18
PHEW! ASIA, EUROPE HEATWAVE PUSHES AUSTRALIA COAL PRICES TO 6-YEAR HIGH: REUTERS
Australian thermal coal prices have hit fresh six-year highs as a heatwave across the northern hemisphere has triggered a spike in demand for coal- ...
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- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Mintek Dendrill Indonesia
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
- PTC India Limited - India
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- White Energy Company Limited
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
- Indogreen Group - Indonesia
- Vedanta Resources Plc - India
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- Planning Commission, India
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Anglo American - United Kingdom
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Interocean Group of Companies - India
- Pipit Mutiara Jaya. PT, Indonesia
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Mines - Canada
- Medco Energi Mining Internasional
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Malabar Cements Ltd - India
- Videocon Industries ltd - India
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- Eastern Coal Council - USA
- VISA Power Limited - India
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
- Australian Commodity Traders Exchange
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- Global Business Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
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