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Monday, 19 November 18
SUPRAMAX: THE BSI CONTINUED TO FALL LAST WEEK, ESPECIALLY THE ASIAN ROUTES - BALTIC BRIEFING
.jpg) Capesize
After a cut throat couple of weeks, the market finally appeared to have found a floor and rates ticked up. Those analysts that predicted a strong fourth quarter have, as yet, offered few reasons for the dramatic fall. The key trade from West Australia to China recovered to the low-mid $6.00s as the week closed out, up from the low of $5.30, but still adrift of $8.50 paid 10 days ago. Similarly, Brazil/China rates continued to take a hit, dropping to around $15.00. Vale, during the week, took upwards of eight to 10 ships, but barely made an impression on the list of ballasters enroute. However, there were signs that some owners were prepared to drop anchor rather than take rates that showed less than operating costs. The North Atlantic also remained in the doldrums, with just a touch more business as the week closed out, but with some increase in rates after the recent debacle. The Puerto Bolivar/Rotterdam rate closed out the week closer to $8.00 than $7.00, limiting trading on the fronthaul, with rates hovering around $20,000.
Panamax
Many will have been relieved to see the end of an eventful week. With China apparently cancelling coal stems, there was uncertainty mid-week, with several ships failing on subjects from Indonesia. However, this later proved to be the most active market in the Pacific, as owners sought to buy some time instead of ballasting. Despite an increase in NoPac stems, rates remained under pressure all week symbolised by the Steel Authority of India awarding a tender, 12 November, at $16.20 Australia to India, then a similar cargo three days later at $14.80. Confidence in the South American market was also shattered in the second half of the week, with significantly lower rates concluded for early December dates. A modern Kamsarmax fixed at $14,500 plus $450,000 ballast bonus. The only bright spot appeared to be the North Atlantic, which still produced some solid rates for transatlantic business at around $15,000 for Kamsarmaxes.
Supramax
The BSI continued to fall last week, especially the Asian routes. Some period activity was seen, with a 63,000dwt open CJK covered at $12,350 for five to seven months trading redelivery worldwide.
The Atlantic traded sideways, with limited activity from the Continent. The US Gulf saw a little more interest, a 58,000dwt vessel was rumoured fixed from here to the UK-Continent at $20,250, whilst a 55,000 tonner fixed to West Coast Mexico in the mid $20,000s. The East Mediterranean remained positional, but some good numbers were seen as a 63,000dwt went delivery Greece, via the Black Sea redelivery Continent at $16,100. East Coast South America was steady, brokers said.
The Asian market remained slow, but as the week ended some suggested a floor was possibly reached, but with coal import restrictions into China a doubt remained. A 63,000dwt fixed delivery Vietnam, via Indonesia, redelivery India, at $9,500.
Handysize
Similar to the BSI, the BHSI remained in negative territory throughout the week. East Coast South America showed a minimal improvement, with sources suggesting more interest on the smaller Handysize ships. There also appeared to be less interest on the bigger-sizes from the Continent during mid-week, with the market remaining flat. In the East, talk of China customs suspending imported coal prompted uncertainty, especially in the Pacific market, prompting rates to fall further.
A 33,000dwt open Poti, was reportedly fixed for a trip to the East Mediterranean at $14,500. A 37,000dwt was booked from Constanza for a trip to the UK Continent at $12,500. A 35,000 tonner, open North Coast South America, went for inter-US Gulf business at $15,000. The 28,000dwt sizes were talking around mid $7,000s from Japan or Singapore for a round voyage, but brokers suggested there were disparities between charterers and owners on rates, with little cargo being circulated.
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Tuesday, 27 November 18
PANAMAX AND SUPRAMAX INDICES WITNESSED A DECLINE OF JUST BELOW 14% IN THEIR MEAN ON A MONTH-ON-MONTH COMPARISON - ALLIED SHIPPING
A month of sharp corrections and great asymmetries for the dry bulk sector, with the overall overview of the market shipping rapidly from a state o ...
Monday, 26 November 18
SUPRAMAX: THE ASIAN MARKET STALLED THIS WEEK WITH A BUILD-UP OF TONNAGE - BALTIC BRIEFING
Capesize
It was a positive end to the week, with West Australia/China making significant gains and firing owners’ resolve. There was talk ...
Friday, 23 November 18
GOLDEN ENERGY'S POTENTIAL ACQUISITION OF STANMORE CREDIT POSITIVE - FITCH RATINGS
Golden Energy and Resources Limited's (GEAR, B+/Positive) potential acquisition of Stanmore Coal will help the company diversify its coal opera ...
Friday, 23 November 18
ASSOCIATION CALLS FOR REVISION OF DMO SCHEME FOR COAL - JP
The Indonesian Coal Mining Association (APBI) has called on the government to revise the domestic market obligation (DMO) scheme for coal, which re ...
Friday, 23 November 18
INDONESIA'S REVENUES FROM MINERAL AND COAL INCREASE TO US$ 2.858 BILLION - ANTARA
Indonesia`s non-tax state revenues from the mineral and coal sub-sector reached Rp 41.77 trillion (approximately US$ 2.858 Billion) as of Nov 16, 2 ...
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Showing 1551 to 1555 news of total 6871 |
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- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- Therma Luzon, Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Trasteel International SA, Italy
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- Kalimantan Lumbung Energi - Indonesia
- Romanian Commodities Exchange
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- South Luzon Thermal Energy Corporation
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- Australian Coal Association
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- Global Business Power Corporation, Philippines
- White Energy Company Limited
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- Orica Mining Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- Dalmia Cement Bharat India
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- Indo Tambangraya Megah - Indonesia
- Electricity Generating Authority of Thailand
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- Maheswari Brothers Coal Limited - India
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- Economic Council, Georgia
- Chamber of Mines of South Africa
- Essar Steel Hazira Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
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