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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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Thursday, 06 December 18
CHINA REVISES MANAGEMENT RULES ON ESTABLISHMENT OF FULLY FOREIGN-OWNED SHIPPING BUSINESSES - XINHUA
Foreign shipping companies will find it easier to establish wholly-owned subsidiaries in China thanks to a revised regulation due to take effect on ...
Wednesday, 05 December 18
WORLD COAL PRICES FALL, WITH INDONESIA BENCHMARK FOR DECEMBER, ENDING AT LOWEST SINCE JUNE 2018
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
Wednesday, 05 December 18
SHIPPING MARKET INSIGHT - GIANNIS ANDRITSOPOULOS
Is the rise in crude carrier rates driven only by seasonality, or is the recent positive reversal signaling the end of challenging days for the mar ...
Monday, 03 December 18
WCA'S ENGAGEMENT AT COP24 IN KATOWICE - WCA
The 24th Conference of the Parties (COP) to the UN Framework Convention on Climate Change (UNFCCC) will take place from the 2-14 December 2018 in K ...
Monday, 03 December 18
SUPRAMAX: FIXED DELIVERY KALIMANTAN TO WEST COAST INDIA, AT $11000 - THE BALTIC BRIEFING
Capesize
A roller-coaster week for the big ships with hopes soaring at the start for a mini last quarter revival, only to be dashed as the week ...
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- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Australian Coal Association
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- Vedanta Resources Plc - India
- White Energy Company Limited
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Metalloyd Limited - United Kingdom
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Sinarmas Energy and Mining - Indonesia
- Commonwealth Bank - Australia
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- Lanco Infratech Ltd - India
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Aboitiz Power Corporation - Philippines
- Mercator Lines Limited - India
- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Holcim Trading Pte Ltd - Singapore
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- Planning Commission, India
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- PTC India Limited - India
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
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