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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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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 ...
Tuesday, 13 November 18
INDIA: POWER DEMAND UP; COAL STOCKS AT MINES AT A 5-YEAR LOW - FINANCIAL EXPRESS
Stocks at Coal India mines plunged to a five-year low of 21 million tonne (mt) in October, as a sudden surge in demand for the fuel from the power ...
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- Siam City Cement PLC, Thailand
- Marubeni Corporation - India
- South Luzon Thermal Energy Corporation
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- Star Paper Mills Limited - India
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- Siam City Cement - Thailand
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- TeaM Sual Corporation - Philippines
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- Videocon Industries ltd - India
- MS Steel International - UAE
- Aditya Birla Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Ministry of Finance - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Lanco Infratech Ltd - India
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- Coal and Oil Company - UAE
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Larsen & Toubro Limited - India
- Australian Coal Association
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- The University of Queensland
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- Deloitte Consulting - India
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- Georgia Ports Authority, United States
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Miang Besar Coal Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- Planning Commission, India
- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- Kaltim Prima Coal - Indonesia
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Anglo American - United Kingdom
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
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