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Monday, 13 August 18
A 50,200 DWT FIXED DELIVERY SINGAPORE TRIP VIA INDONESIA REDELIVERY CHINA IN THE LOW $10,000S - THE BALTIC BRIEFING
 Capesize
Expectations of a further push in the market were largely unfulfilled last week as rates come under pressure in Asia as the North Atlantic trading eased and rates slipped back.
According to the Baltic briefing, West Australia/Qingdao failed to reach $10.00 and dropped to around $9.50, with one charterer managing to secure a couple of ships at $9.20. A Singapore holiday disrupted trading, and the Australian miners were less visible, although Rio Tinto provided fresh interest as the week closed out. Timecharter rates also eased, with a 175,611dwt, 2011-built, open Bayuquan 11 August, fixed to Pacific Bulk and an Australian round at $20,500 daily, and then reportedly flipped out to K-Line at $500 more. Trading from Brazil was spasmodic, with Vale briefly appearing in the market again mid-week and linked with a couple of operators to move end of August/early September cargoes at $23.99, but without broker input. Other charterers were fixing around the low $24.00s but, with the list of ballasters shrinking for loading positions up to 10 September, many suggested rates could push higher. CSN late in the week took three or four ships at rates in the low $24.00s basis C3 terms.
the Baltic briefing further noted in its latest report published on 10 August, further north, the pace again slowed, and charterers were able to secure lower numbers, with rates on the key C7 Puerto Bolivar/Rotterdam route easing, and business concluded at $12.50. Fronthaul trading was slow, but a cargo was fixed from Seven Islands to Qingdao early in the week at a rate equating to the low $40,000s daily. There was some period activity but largely for short duration. K-Line earlier in the week took a 2011-built, 179,000dwt from CJK for four to six months trading linked to the BCI 5-timecharterer average.
Panamax
Commenting on Panamax, the Baltic briefing's weekly report says, last week followed the pattern of the previous week with rates under pressure everywhere. However, the Atlantic had a significant spike in activity on Wednesday which saw a clear-out of tonnage with rates flattening at the lower levels. Sentiment improved as the tonnage profile appeared much tighter in the north. EC South America saw a slight increase in rates for end August positions as a few inbound ships experienced delays, with a very well described Sanoyas newbuilding covered at $16,500, plus $650,000 ballast bonus to SE Asia, whilst activity for September cargoes so far appeared confined to the voyage basis. Despite some weather disruptions and an injection of fresh enquiry in the East, rates drifted lower throughout the week, with a holiday in Singapore not helping owners’ cause. Charterers remained relaxed and waited for lower offers to come to them as the Cape market and paper markets also softened. There was very little evidence of period trading, although one source suggested interest in short period increasing towards the end of the week.
Supramax
A split week, with the Atlantic overall remaining more positive whilst the Asian Basin lost ground. Very little activity on the period front was reported, although a 56,700dwt open Lianyungang was rumoured, covered for seven to nine months and trading at around $11,000.
Atlantic activity was focussed on the Northern Hemisphere. Brokers said very little fresh enquiry was seen from EC South America, keeping rates flat and moving sideways. A 63,300 dwt was reported to have fixed delivery up river for a trip to the continent for just under $15,000. Elsewhere, increased activity was seen from the USG, with an Ultramax fixed in the low $26,000s for a trip delivery to SW Pass – redelivery Singapore-Japan range – and, on the trans-Atlantic runs, an Ultramax booked for a trip to Alexandria at around $19,000. Similarly, stronger levels were reported from the Continent and Mediterranean, albeit on the Ultramax sizes: the 63,400dwt open Sea of Marmara fixed a trip Singapore-Japan at around $23,000.
With a holiday in Singapore the Asian market lacked impetus. From SE Asia limited coal stems kept a lid on market movement. A 50,200 dwt fixed delivery Singapore trip via Indonesia redelivery China in the low $10,000s. Very little fresh enquiry was seen from North Asia which again kept rates in check. The Indian Ocean saw more enquiry than of late and a 58,500dwt was reported to have fixed delivery to South Africa for a trip, with redelivery to the Far East at $12,200 with a $220,000 ballast bonus.
Handysize
Overall there was limited fresh handy sized cargo in the Pacific market last week, and the Singapore National Day holiday on Thursday further added to the lethargy, brokers said. In the Atlantic Basin, there was little change, with the USG remaining weak, but rates from the Skaw-Cape Passero range and EC South America slightly improved. A 35,000dwt, 2014-built, open upriver was fixed for a trip to WC South America at $13,750.
A 38,000dwt, 2016-built open Fortaleza, was fixed at $11,500 for the balance period, with minimum two-month redelivery worldwide up to mid-November. Early in the week in the Pacific, a 45,000dwt vessel, open Hong Kong, was booked for a trip to China with clinker at $8,350. A 37,000dwt, 2011-built vessel was paid $7,000 on first 65 days basis for Kohsichang delivery for a trip to West Africa, and $9,500 as the balance rates with three ports of discharge. Trips via Australia paid around $8,000 on a medium-sized handy ship basis for delivery Singapore and redelivery Singapore-Japan range. From the Indian Ocean, a 28,000dwt, 2012-built open Jebel Ali, was fixed to South Africa at $6,000 for the first 39 days and $9,500 afterwards. A 38,000dwt, 2015-built vessel was covered at $8,000 to run from Dahej to China, and a $32,000dwt, 2007-built logger, open Fujairah, was fixed for a trip via Ras Al Khaimah to WC India at $10,000
Source: The Baltic Briefing
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Thursday, 23 August 18
SUPRAMAX: SOME FRESH COAL CARGOES APPEARED IN SE ASIA, GIVING A BIT PRESSURE ON RATES FOR END AUGUST SHIPMENTS - FEARNLEYS
Capesize
Slightly softer but generally very healthy for the big ships, with limited supply of early tonnage and positive Brazilian ore export v ...
Wednesday, 22 August 18
KOMIPO INVITES BIDS FOR 480K TONS OF BITUMINOUS COAL FOR BORYEONG POWER PLANT & SHIN BORYEONG POWER PLANTS
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for 480,000 mt of min. 5700 NAR coal of Australian origi ...
Wednesday, 22 August 18
SHIPPING MARKET INSIGHT - GEORGE PANAGOPOULOS
During the most quite week of the summer period we witnessed a trade war between United States and Turkey. A battle, which started with the arrest ...
Monday, 20 August 18
SUPRAMAX: OVERALL IT WAS A POSITIVE WEEK FOR THE BSI INDEX WITH GAINS MADE - THE BALTIC BRIEFING
Capesize
A week of largely unfulfilled expectations with holidays again curbing activity. Rates remained essentially healthy, but despite bad wea ...
Friday, 17 August 18
DO ARBITRATION AGREEMENTS IN BILLS OF LADING BIND THEIR HOLDERS? - WFW
KNOWLEDGE TO ELEVATE
Bills of lading are a crucial part of the security package traditionally sought by trade finance providers.
...
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- Metalloyd Limited - United Kingdom
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- PowerSource Philippines DevCo
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- Vizag Seaport Private Limited - India
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
- Economic Council, Georgia
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Ministry of Finance - Indonesia
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- Deloitte Consulting - India
- Kalimantan Lumbung Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Posco Energy - South Korea
- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- Australian Coal Association
- Coalindo Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- GMR Energy Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Interocean Group of Companies - India
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Meralco Power Generation, Philippines
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Bhushan Steel Limited - India
- ICICI Bank Limited - India
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- Power Finance Corporation Ltd., India
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
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