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Monday, 01 October 18
SUPRAMAX: A 56,000 DWT FIXED DELIVERY FOR A SURABAYA TRIP WITH REDELIVERY TO WEST COAST INDIA AT $13,500 - THE BALTIC BRIEFING
Capesize
A stop-start market for the big ships with many expectations and few fulfilled. Holidays curtailed trading early in the week, but the C5 route regained some ground with rates in excess of the mid-$7.00s for 11 October onwards, although, bunker values also rose sharply last week. Owners remained optimistic, wanting $8.00 as the week closed out, with some suggesting it had been done. Timecharter trading was less prevalent, with rates ranging from $15,000 to the low $17,000s for Australian round voyages, with the rate dependent on how well the ship was described. Brazil was expected to be active, but again fixing was piecemeal, with rates for mid-late October still under $21.00 for Qingdao discharge. Further north, talk focussed on a tightening supply of tonnage, with rumours dominating the market of sharply higher rates agreed, but not always confirmed as fixed. There were various rumours of over $20,000 daily for transatlantic rates and some suggesting the Puerto Bolivar/Rotterdam route was in excess of $10.00 and heading towards $10.50.
Panamax
Despite the disruption due to the holidays in the East at the start of the week, rates have improved everywhere ahead of further holidays this week. The Pacific has been well supported by mineral trades, especially into India, with South America adding fuel to the flames as owners in the South were able to fix on a DOP basis. A well described Kamsarmax achieved $17,000 daily basis Singapore delivery for a South American round. The Atlantic was busy from the start of the week, with a shortage of tonnage from the Mediterranean, with Kamsarmaxes achieving $15,500 to $16,000 for longer grain rounds which were similar levels to the shorter coal trips in the North. There was also a number of front haul stems from St Lawrence to China covered at around $23,000 daily from Continent deliveries. Period activity was sporadic as charterers considered the effect of this week’s holidays.
Supramax
Overall a positive week for the BSI with gains made from key areas. Period activity remained, with a 56,000dwt fixed delivery Kandla for three to five months trading at $13,500.
The Atlantic saw better demand from the US Gulf, Mediterranean and South Atlantic regions, with a 52,000dwt being covered from the US Gulf to the East at $24,000. In the Mediterranean, a 60,000dwt was fixed delivery for a Canakkale trip via the Black Sea, redelivery Chittagong, at $24,000. Demand remained from Brazil, with charterers seeing improved values for Ultramaxes on the back of strong rates for Panamaxes, with a 63,000dwt covered in the upper $15,000s plus upper $500,000 ballast bonus.
With holidays last week and imminent holidays this week, the market remained relatively firm. A 56,000dwt fixed delivery for a Surabaya trip with redelivery to west coast India at $13,500. More demand was seen from the Indian Ocean, with a 55,000dwt fixed delivery Durban for an early October trip, redelivery CJK-Japan, at $13,700 plus $370,000 ballast bonus.
Handysize
Like the larger sizes, it was a more positive week for the BSHI, with gains made across many routes. Some period activity surfaced, with a 32,000dwt fixed from the Continent for three to five months, trading redelivery to the Atlantic in the mid $10,000s. The Atlantic saw upward pressure from the US Gulf, with brokers suggesting a tightening in tonnage supply was pushing rates higher. From East coast South America, demand remained, as a 37,600dwt fixed delivery Santos for a trip via the Plate to the Baltic in the mid to upper $15,000s. As the week came to an end some suggested a slight easing of demand from the Mediterranean, but few fixtures were disclosed.
With the upcoming holidays in the Asian market, brokers advised little activity evident towards the end of the working week. A 37,000-dwt was reported fixed for two laden legs delivery Indonesia, redelivery Singapore-Japan, but many were waiting to how see how the market will progress in the coming days.
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Sunday, 02 December 18
TRADE WAR LEADING TO HEADWINDS FOR THE FRAGILE DRY BULK RECOVERY - PETER SAND, BIMCO
The first twelve weeks of the 2018/19 marketing year, which started on 1 September 2018, have painted a dire picture for US soya bean exports which ...
Friday, 30 November 18
GOVT MULLS REQUIRING MINERS TO TURN COAL INTO GAS - THE JAKARTA POST
The government is considering requiring all coal miners to turn the raw commodity into dimethylether (DME) as a substitute for liquefied petroleum ...
Friday, 30 November 18
SUPRAMAX: N. CHINA TO INDIA OR SE ASIA SUPRAS ARE GETTING PAID AROUND US$ 6000 - FEARNLEYS
Capesize
Sharp rise in spot activity and income, admittedly from very low levels, for the big ships. West Australia/China and Brazil/Far East b ...
Thursday, 29 November 18
NEW IMSBC CODE REQUIREMENTS AIM TO CONTROL LIQUEFACTION OF COAL CARGOES - GARD
KNOWLEDGE TO ELEVATE
The International Maritime Solid Bulk Cargoes (IMSBC) Code describes coal as a natural, solid, combustible material consi ...
Wednesday, 28 November 18
SHIPPING MARKET INSIGHT - GEORGE LAIOS
Last week I had the privilege to attend the SingularityU Greece Summit, in Athens. It was a privilege because you do not often have the chance to s ...
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- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Karaikal Port Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Videocon Industries ltd - India
- Jorong Barutama Greston.PT - Indonesia
- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Parry Sugars Refinery, India
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- Essar Steel Hazira Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Australian Commodity Traders Exchange
- Orica Mining Services - Indonesia
- Vedanta Resources Plc - India
- The Treasury - Australian Government
- GMR Energy Limited - India
- Bangladesh Power Developement Board
- Central Java Power - Indonesia
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Indogreen Group - Indonesia
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- New Zealand Coal & Carbon
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- Parliament of New Zealand
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Baramulti Group, Indonesia
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petron Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Pendopo Energi Batubara - Indonesia
- Salva Resources Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Coal and Oil Company - UAE
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kobexindo Tractors - Indoneisa
- Planning Commission, India
- Australian Coal Association
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Global Business Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
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