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Monday, 29 October 18
SUPRAMAX: THE ASIAN AREA SAW FALLING RATES, WITH A 61,000DWT FIXING DELIVERY KOHSICHANG TRIP VIA INDONESIA, REDELIVERY INDIA, AT $10,500 - BALTIC BRIEFING
Capesize
A market of two halves for most of the week with rates in the Atlantic firming and easing in the East for most of the week, but then, West Australia/China staged a recovery, with a rumour $9.00 was done as well as $8.90, up from $8.40, fixed 24 hours earlier. Timecharter rates appeared to be moving, with a 2011 175,000dwt fixing from Richards Bay to South Korea at $20,000 plus almost a one million dollar ballast bonus. Brazil/China trading has been spasmodic, but at least many of the early ballasters have been absorbed with the Tubarao rate for second half November nearer to the mid $21.00s, with $22 and $23 paid for 1-10 December. Rates also firmed from Brazil to the Continent with trading more active with a Tubarao/Rotterdam fixed near $10.00 and this route attracting Atlantic tonnage. From Colombia, there was talk that the rate was moving above $10.50. Front haul rates for ships open in the North hovered around the $34,000 to $36,000 daily for the run East.
Panamax
It was a week of falling rates in all areas. The Atlantic saw owners with early November ships in the North discounting to fix quick round voyages, with rates paying in the mid-to-high teens for Baltic rounds. South American trade has also slowed with first half November tonnage discounting last done to fix and more failing evident. A 2006-built Kamsarmax failed at $16,300 and $630,000 for 5-7 November for a trip to South-East Asia. A long list of tonnage combined with a slowdown in cargoes from Australia, Indonesia and the NoPac, saw rates slide. Rates for Kamsarmaxes fixing NoPac rounds were barely in the mid $12,000s, while a 6-year-old 75,000dwt agreed $10,000 daily for a trip from Yuhuan via East Coast Australia to China. Period trading was in short supply, but a well-described 82,000dwt failed on charter-party details at $15,500 for a year, with South China delivery early November.
Supramax
It was a lacklustre week with rates failing in a number of areas. The Continent saw vessels ballast away due to a lack of cargo. A 56,000dwt open Rotterdam went at $12,000 for sulphur via the Baltic to Morocco. The Mediterranean maintained some reasonable rates, but largely for October, cancelling vessels, with a 63,000dwt fixed at $25,500 basis delivery Canakkale to South-East Asia. The US Gulf traded sideways, brokers advised. Elsewhere, there was a split in demand from South America, with October vessels from the northern region seeing better demand than further south. A 63,000dwt fixed delivery Barcarena trip to the Mediterranean in the mid $21,000s. The Asian area saw falling rates, with a 61,000dwt fixing delivery Kohsichang trip via Indonesia, redelivery India, at $10,500. Further north a 63,000dwt fixed at $12,000 basis delivery Tianjin via Vancouver back to Indonesia. Period activity remained, but less than last done.
Handysize
It was a slow week in general. The US Gulf market improved, but it was a flat in the Pacific, with some owners preferring to wait for the next moves before making a commitment. There was talk of tight tonnage availability, with October dates in East Coast South America, but as yet, the market direction for November was unclear. However, more short period fixtures were reported this week, with a 33,000-dwt booked from Nemrut for a 10 to 12 month period at a strong $12,000. A similar-sized open Cotonou early November fixed at $10,500 for three to five months, while a 35,000dwt went for three to five months at $14,000 basis delivery Recalada, all worldwide redelivery.
A 37,000dwt open Cabedelo fixed at $16,500 for a trip to Algeria. In the East, a 28,000dwt fixed from Singapore at $8,000 to move sugar from East Australia to Japan. A 33,000dwt open Thailand and a 28,000dwt open Vietnam both went to move sugar from Thailand to Indonesia at mid-to-high $8,000s.
Source: The Baltic Briefing
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Thursday, 06 December 18
CHINA REVISES MANAGEMENT RULES ON ESTABLISHMENT OF FULLY FOREIGN-OWNED SHIPPING BUSINESSES - XINHUA
Foreign shipping companies will find it easier to establish wholly-owned subsidiaries in China thanks to a revised regulation due to take effect on ...
Wednesday, 05 December 18
WORLD COAL PRICES FALL, WITH INDONESIA BENCHMARK FOR DECEMBER, ENDING AT LOWEST SINCE JUNE 2018
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
Wednesday, 05 December 18
SHIPPING MARKET INSIGHT - GIANNIS ANDRITSOPOULOS
Is the rise in crude carrier rates driven only by seasonality, or is the recent positive reversal signaling the end of challenging days for the mar ...
Monday, 03 December 18
WCA'S ENGAGEMENT AT COP24 IN KATOWICE - WCA
The 24th Conference of the Parties (COP) to the UN Framework Convention on Climate Change (UNFCCC) will take place from the 2-14 December 2018 in K ...
Monday, 03 December 18
SUPRAMAX: FIXED DELIVERY KALIMANTAN TO WEST COAST INDIA, AT $11000 - THE BALTIC BRIEFING
Capesize
A roller-coaster week for the big ships with hopes soaring at the start for a mini last quarter revival, only to be dashed as the week ...
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- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GN Power Mariveles Coal Plant, Philippines
- Planning Commission, India
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Indian Energy Exchange, India
- The Treasury - Australian Government
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- Parliament of New Zealand
- Independent Power Producers Association of India
- Ambuja Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- The University of Queensland
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- PNOC Exploration Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- VISA Power Limited - India
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- Semirara Mining Corp, Philippines
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Antam Resourcindo - Indonesia
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Attock Cement Pakistan Limited
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- Petron Corporation, Philippines
- Marubeni Corporation - India
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
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