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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, 29 October 18
IMPLEMENTATION OF SULPHUR 2020 LIMIT - CARRIAGE BAN ADOPTED - IMO
An amendment to support consistent implementation of the forthcoming 0.50% limit on sulphur in ships fuel oil was adopted by the International Mari ...
Friday, 26 October 18
SHIP OPERATING COSTS EXPECTED TO RISE IN 2018 AND 2019 - MOORE STEPHENS
Total vessel operating costs in the shipping industry are expected to rise by 2.7% in 2018 and by 3.1% in 2019, according to our latest survey.
...
Friday, 26 October 18
SEVERAL CONTRACTIONS IN GLOBAL STEEL PRODUCTION - JEFFREY LANDSBERG
World Steel Association data released today shows that global crude steel production totaled approximately 151.7 million tons in September. T ...
Thursday, 25 October 18
WHAT DOES THE "IMO 2020" REGULATION REALLY SAY? A QUICK GUIDE - BIMCO
KNOWLEDGE TO ELEVATE
The shipping industry has all eyes firmly fixed on the topic, but what exactly do the “IMO 2020” global sulph ...
Wednesday, 24 October 18
MARKET INSIGHT - NASSOS SOULAKIS
Looking at 2018 SnP activity, it is evident that Greek, Chinese and North European (German and Norwegian) owners are the top buying nationalities, ...
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- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Economic Council, Georgia
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- Anglo American - United Kingdom
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- Uttam Galva Steels Limited - India
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
- Petron Corporation, Philippines
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- Sarangani Energy Corporation, Philippines
- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Rashtriya Ispat Nigam Limited - India
- Krishnapatnam Port Company Ltd. - India
- Indian Oil Corporation Limited
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- Bhatia International Limited - India
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- White Energy Company Limited
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Sakthi Sugars Limited - India
- The University of Queensland
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Coastal Gujarat Power Limited - India
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- Borneo Indobara - Indonesia
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- Makarim & Taira - Indonesia
- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- GVK Power & Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Star Paper Mills Limited - India
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- Riau Bara Harum - Indonesia
- Baramulti Group, Indonesia
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