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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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Monday, 19 November 18
SUPRAMAX: THE BSI CONTINUED TO FALL LAST WEEK, ESPECIALLY THE ASIAN ROUTES - BALTIC BRIEFING
Capesize
After a cut throat couple of weeks, the market finally appeared to have found a floor and rates ticked up. Those analysts that predict ...
Sunday, 18 November 18
COAL STOCKS IN A THIRD OF NTPC PLANTS CLOSE TO NIL - FINANCIAL EXPRESS
Coal supply shortage continues to haunt NTPC, the country’s largest power generator, with latest government data showing 31% of the company&r ...
Thursday, 15 November 18
OIL MARKET REPORT: HEEDING THE WARNINGS - IEA
In last month’s Report, we noted that since the middle of the year oil supply had increased sharply, with gains in the Middle East, Russia an ...
Wednesday, 14 November 18
BIMCO ADOPTS 2020 BUNKER CLAUSES
BIMCO has developed two 2020 bunker clauses that deal with general compliance and the transitional period for an early December release.
...
Wednesday, 14 November 18
SHIPPING MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
The shipping industry is going through an interesting period across all markets. Since the end of last year, the Dry Baltic Index has been showing ...
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- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Deloitte Consulting - India
- Siam City Cement - Thailand
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- SN Aboitiz Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- Australian Coal Association
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Cement Manufacturers Association - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- Agrawal Coal Company - India
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Medco Energi Mining Internasional
- Dalmia Cement Bharat India
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- Port Waratah Coal Services - Australia
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- Central Java Power - Indonesia
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- AsiaOL BioFuels Corp., Philippines
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