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Monday, 26 November 18
SUPRAMAX: THE ASIAN MARKET STALLED THIS WEEK WITH A BUILD-UP OF TONNAGE - BALTIC BRIEFING
.jpg) Capesize
It was a positive end to the week, with West Australia/China making significant gains and firing owners’ resolve. There was talk that one of the majors paid $7.00 for 7-9 December cargo on Friday, with rates gaining 85 cents in a few hours. Timecharter activity so far remained negligible, but rates are assessed now at five figures. Brazil/China trading was spasmodic, but rates fixed were over $15.00. However, brokers said some bids were up today and owners also increased their rate ideas with the bid-offer gap widening significantly. Further north, there was some fronthaul business from St. Lawrence to China and voyage rates had been hovering in the upper teens, with timecharter rates in the very low $20,000s. Those numbers were again expected to move to at least $1,000 or so. Transatlantic trading was slow, but a Puerto Bolivar/Rotterdam cargo went on a 2007 built vessel from Gibraltar at $13,000 daily, reportedly equating to $8.25. Sources also suggested more cargo was evident in the market, lending some support.
Panamax
It seemed a new level of support from South America was found last week, after rates had tumbled the previous week. Modern Kamsarmaxes continued to fix at $14,500/$14,750 plus $450,000/$475,000 ballast bonus for trips to the East. Levels in the North Atlantic eased for the very early ships as they sought cover, however, the tonnage profile remained tight, with later ships more bullish. Pacific rates continued to be eroded with short Indonesian trades very prevalent as many decided to buy some time. However, several early ships had been forced to agree aps deliveries. There appeared to be more Panamax types in the market last week, said to be due to a slow-down in Chinese coal demand, and whilst period rates are at a significant premium to spot rates now, there was few trades in evidence.
Supramax
Despite stronger rates rate being achieved from the US Gulf and East Mediterranean, the week saw overall losses on the BSI, with the Asian market suffering most. There was however limited period activity and a 63,000dwt fixed delivery US Gulf, for a short period redelivery Singapore-Japan, at $18,000.
The Atlantic remained firm from the US Gulf, with a 63,900dwt fixed from here to West Coast Central America at $27,500. Levels remained firm for prompt positions in the Mediterranean and a 57,000dwt was booked for a trip to the US East Coast, via Egypt, in the mid-teens. A 60,500dwt fixed a trip delivery Canakkale via the Black Sea, redelivery Indonesia, at $27,000. Other areas traded sideways brokers said.
The Asian market stalled this week with a build-up of tonnage. Nickel ore shipments were still in evidence, a 56,000dwt fixed delivery CJK trip, via the Philippines, redelivery China. North Pacific business saw a 57,000dwt fixing delivery Ishinomaki with redelivery South East Asia at $10,000.
Handysize
It was another week of continuous falls in both the Atlantic and Asian basins, with negative sentiment evident in all major trading areas. Brokers suggested most of the cargoes from East Coast South America were for December, and the market had been expected to show some recovery this month. However, brokers have now suggested they anticipate some improvement by year end. Activity slowed down from the US with the Thanksgiving holidays at the end of the week, whilst in the East, there were fewer cargoes and rates also fell further.
A 33,000dwt open Rouen was booked to move wheat to Algeria at $13,250. A 35,000dwt open Tuzla was fixed for a trip with grain, via the Black Sea, to the Egyptian Mediterranean in the mid-high $14,000s. A 37,000dwt agreed $17,000 from the US Gulf for a run to Ireland at $17,000. In the Pacific, a 36,000dwt open North China was fixed for a trip with steel to Vietnam at a rate in the low $7,000s.
Source: The Baltic Briefing
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Monday, 08 April 19
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- Kohat Cement Company Ltd. - Pakistan
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- Attock Cement Pakistan Limited
- Straits Asia Resources Limited - Singapore
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- VISA Power Limited - India
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Planning Commission, India
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- Central Electricity Authority - India
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Petron Corporation, Philippines
- Minerals Council of Australia
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- PTC India Limited - India
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Sical Logistics Limited - India
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- Latin American Coal - Colombia
- Eastern Coal Council - USA
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- Deloitte Consulting - India
- European Bulk Services B.V. - Netherlands
- Bukit Baiduri Energy - Indonesia
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- Bukit Makmur.PT - Indonesia
- CNBM International Corporation - China
- Makarim & Taira - Indonesia
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Chamber of Mines of South Africa
- SN Aboitiz Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- Parliament of New Zealand
- Antam Resourcindo - Indonesia
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- Bangladesh Power Developement Board
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- Madhucon Powers Ltd - India
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