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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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Friday, 17 August 18
MALAYSIA'S MANJUNG 4 - WORLD COAL ASSOCIATION
According to the IEA’s Energy Access Outlook 2017 report, nearly all of those who gained access to electricity worldwide in the last 16 years ...
Thursday, 16 August 18
COAL PRODUCTION AT 37.11 PERCENT OF FULL-YEAR TARGET - THE JAKARTA POST
Indonesian coal production was recorded at 180 million tons on Wednesday, or 37.11 percent of the government’s 485 million target this year.
...
Thursday, 16 August 18
OIL MARKET HIGHLIGHTS - OPEC
Crude Oil Price Movements
In July, the OPEC Reference Basket increased marginally by 5¢ m-o-m to settle at $73.27/b. Oil futures saw mixed ...
Tuesday, 14 August 18
THE CAPESIZE MARKET HAS SHOWN A TREMENDOUS COURSE DURING THE PAST 12 MONTHS - THOMAS CHASAPIS
The Capesize market has shown a tremendous course during the past 12 months, having quickly climbed out of the “hole that it had found itself ...
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.
...
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- Economic Council, Georgia
- Sojitz Corporation - Japan
- PTC India Limited - India
- Trasteel International SA, Italy
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Bhatia International Limited - India
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Minerals Council of Australia
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- MS Steel International - UAE
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Eastern Energy - Thailand
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- Coalindo Energy - Indonesia
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Gujarat Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- Sical Logistics Limited - India
- Deloitte Consulting - India
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- VISA Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Global Business Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- Central Electricity Authority - India
- CIMB Investment Bank - Malaysia
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- Carbofer General Trading SA - India
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Independent Power Producers Association of India
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- Directorate General of MIneral and Coal - Indonesia
- Madhucon Powers Ltd - India
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Renaissance Capital - South Africa
- Siam City Cement PLC, Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Barasentosa Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- The University of Queensland
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Antam Resourcindo - Indonesia
- India Bulls Power Limited - India
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Anglo American - United Kingdom
- White Energy Company Limited
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
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