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Tuesday, 03 July 18
SUPRAMAX: A 56,000-DWT WAS FIXED BASIS DELIVERY SINGAPORE TRIP VIA INDONESIA, REDELIVERY CHINA, AT $12,100 - BALTIC BRIEFING
.jpg) Capesize
The market generally drifted and by mid-week dropped to what some felt was an artificially low level, only to bounce back at the end of the week to better levels as more cargo was quoting in both the Pacific and Atlantic.
Ore movements from West Australia were being fixed at around $7.20 level before dipping to $6.75 mid-week. By Thursday, Oldendorff had fixed Mingwah tonnage at $6.95 for mid-July loading and the sentiment was suggesting $7 might be breached again.
The KEPCO tender for Newcastle to Dangjin loading 16/20 July was awarded to Hyundai Glovis at $9.61.
US Steel fixed NYK tonnage for their 120,000 10% cargo from Quebec to Oita loading end July at around $32. Rates from Brazil nudged up a shade with recent fixtures like NYK’s ‘Lowlands Orchid’ (176,193 2005) loading Tubarao 20/25 July at $19.75 to Trafigura, while the ‘Ocean Confidence’ (174,332 2005 Daelim re-let) was loading 15/24 July at $19.80 to Polaris. Today there is talk of the ‘Gotia’ (178,010 2012 Phaethon re-let) fixing basis Sudeste to China with an eta of 24 July at $22.15 to Trafigura.
The Berge Weisshorn (171,995 2004) is said to have fixed trans-Atlantic business, but it is not certain whether on T/C basis or voyage, with rumours of a rate around $10.75 for Bolivar to Rotterdam being mentioned to Oldendorff.
Panamax
Finally, a week bereft of holidays and the market appeared to consolidate. The Atlantic saw more enquiry in the North for both front haul and trans-Atlantic trades, which has led to a clear out of tonnage, with rates stabilising and in some cases showing improvement. EC America was again very active and consumed a lot of ballasters. However, a weak Ultramax market has seen them take a few smaller stems, with an end July cargo from Paranagua to China fixed at $35.25 per mt this week, compared to $36.00 per mt last week. Despite this, in general, timecharter levels remained flat. The Pacific also began to turn the corner, with renewed grain enquiry in the North and more mineral business from Australia. However, the early ships continued to struggle to find cover and even the normally busy Indonesian market experienced a slower week. Owners are still being drawn to EC South America, and there was also more period interest as the paper market showed some improvement, with the next expected move likely to be up.
Supramax
With both basins struggling, it was a week full of negative sentiment. With less enquiry and longer tonnage lists, all routes lost ground. Despite the gloomy feel period activity remained. A 63,000-dwt open West Africa was covered for eight to ten months, trading at $14,000. From the East, a 60,400-dwt was reported fixed basis delivery Ganyu end of June for four to six months redelivery worldwide at $14,000.
In the Atlantic, pressure remained on rates, especially from the Eastern Mediterranean, with a ready supply of tonnage. An Ultramax was fixed at under $16,000 from here to the Far East. From the Continent, scrap continued to move, albeit with weaker rates. A 53,000-dwt was reported covered delivery Antwerp for a trip East Mediterranean at $11,900. Little activity from the US Gulf again this week, an Ultramax was linked to a front haul at close to $22,000 at the beginning of the week. From EC South America, limited activity, an Ultramax was on subjects for a trip to SE Asia at around $14,000 plus $400,000 ballast bonus.
The Asian market also lacked impetus. A 58,000-dwt was rumoured fixed basis delivery Dalian for a NoPac round redelivery Cebu at $11,350. Further south, a 56,000-dwt was fixed basis delivery Singapore trip via Indonesia, redelivery China, at $12,100. In addition, a 55,800-dwt was reported failed basis delivery Map Ta Phut, redelivery Chittagong, at $13,000. The Indian Ocean also had a lacklustre feel, but a 57,000-dwt was reported basis delivery Hazira trip via Bandar Abbas, redelivery EC India, at $15,000.
Handysize
Overall it was a dull week, with a single-digit drop for the Handysize index throughout the week. Most of the routes slipped in both the Atlantic and Pacific basin. On the period front, a 35,000-dwt 2018-built open Casablanca in early July was fixed for the balance of period for about five to seven months at a rate in the $11,000s. In the Mediterranean and the Black Sea area, a 31,000-dwt open Canakkale was failed for a trip via the Black Sea to the US Gulf at $7,500 for the first 40 days and $8,500 thereafter, and failed again for a similar run at $7,750 and $8,850 respectively. Another 33,500-dwt open Iskenderun, was later booked for this route at $6,500 for the first 40 days and $8,500 afterwards. There was also talk of a Handymax fixing at mid $12,000s for a Black Sea to Ravenna trip, whilst a 27,000-dwt open spot in Canakkale was reportedly failed on subjects for a trip to the similar redelivery at $8,000. A 35,000-dwt open Hamburg was fixed for a trip to the East Mediterranean at low $11,000. In the East, a 34,000-dwt open Cebu was fixed to run via Indonesia to Vietnam at $8,500.
Source: Baltic Briefing
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Tuesday, 05 June 18
THINGS STILL LOOK TO BE PROMISING FOR THE DRY BULK MARKET OVER THE NEXT COUPLE OF MONTHS - GEORGE LAZARIDIS
Just as we thought the world was calming back down to reason, worries and frictions regarding global trade resurfaced this past week after a series ...
Tuesday, 05 June 18
INDONESIAN COAL PRICE REFERENCE IS GOING UP AGAIN
COALspot.com: According to latest ministerial decree No. 1857 K/30/MEM/2018 dated 4 June 2018, the Indonesian Coal Price Reference (HBA) up 7.91 pe ...
Saturday, 02 June 18
HOW CARBON UTILISATION WILL BE A KEY STEP IN INDIA'S CLIMATE STRATEGY - BENJAMIN SPORTON
For India, energy remains the key driver of growth, not only from an economic perspective but more importantly for accelerating social development. ...
Thursday, 31 May 18
SUPRAMAX: INDO/CHINA COAL RV IS GETTING FIXED AROUND $13K DELIVERY SINGAPORE - FEARNLEYS
Capesize
The Cape market has been on a downward trend for the past week.
According to Fearnleys, Oslo based broker, Brazil market ...
Wednesday, 30 May 18
HIGH PRICE, DMO ENCOURAGE COAL MINERS TO BOOST PRODUCTION - THE JAKARTA POST
A number of coal miners are planning to increase production by 10 percent in the second half of this year after a worldwide price increase.
Th ...
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- White Energy Company Limited
- Larsen & Toubro Limited - India
- The University of Queensland
- Mintek Dendrill Indonesia
- Bayan Resources Tbk. - Indonesia
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- GMR Energy Limited - India
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- Antam Resourcindo - Indonesia
- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- Economic Council, Georgia
- Neyveli Lignite Corporation Ltd, - India
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- Minerals Council of Australia
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Singapore Mercantile Exchange
- Thai Mozambique Logistica
- Posco Energy - South Korea
- Intertek Mineral Services - Indonesia
- Xindia Steels Limited - India
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- Sical Logistics Limited - India
- Ministry of Transport, Egypt
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- Electricity Authority, New Zealand
- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Oldendorff Carriers - Singapore
- Aditya Birla Group - India
- Marubeni Corporation - India
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Chettinad Cement Corporation Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- Attock Cement Pakistan Limited
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- LBH Netherlands Bv - Netherlands
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Merrill Lynch Commodities Europe
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Georgia Ports Authority, United States
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Wood Mackenzie - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
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