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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, 12 November 18
COAL BUSINESS REMAINS PROSPECTIVE - ANTARA
Coal business happened to be sluggish in the 2012-2015 period because coal prices in the world market fell sharply, but it has begun to crawl up si ...
Monday, 12 November 18
INDONESIA'S HBA ENDS DECLINE IN NOVEMBER
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
Wednesday, 07 November 18
SHIPPING MARKET INSIGHT - VASILIS MOIRIS
This has been another active week in the second-hand market for both the dry bulk and tanker sectors. Buying interest has recently increased, which ...
Monday, 05 November 18
TIGHTER FUEL RULES COULD RAISE SHIPOWNERS' COSTS AND CAPEX - FITCH RATINGS
More stringent fuel regulations regarding sulphur content could significantly increase global shipping companies’ operating costs and capex n ...
Friday, 02 November 18
COAL FETCHES 102% PREMIUM IN E-AUCTION, SURPASSING THE EARLIER HIGHEST OF 95% - FINANCIAL EXPRESS
Coal prices have received a premium of 102% in spot e-auction during September 2018, surpassing the earlier highest of 95% premium during the spot ...
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- Mintek Dendrill Indonesia
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
- IEA Clean Coal Centre - UK
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- Standard Chartered Bank - UAE
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- The Treasury - Australian Government
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- Bulk Trading Sa - Switzerland
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- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
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- Central Java Power - Indonesia
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- Wilmar Investment Holdings
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- Antam Resourcindo - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Global Business Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- Rashtriya Ispat Nigam Limited - India
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Cement Manufacturers Association - India
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Deloitte Consulting - India
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- Planning Commission, India
- Posco Energy - South Korea
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- Australian Coal Association
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- The University of Queensland
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- ICICI Bank Limited - India
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
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- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
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