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Monday, 26 November 18
SUPRAMAX: THE ASIAN MARKET STALLED THIS WEEK WITH A BUILD-UP OF TONNAGE - BALTIC BRIEFING
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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.
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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, 02 August 18
INDO / CHINA COAL RV'S IS PAYING AROUND USD 11,000 TO SUPRAS BSS DELIVERY SINGAPORE - FEARNLEYS
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The counter seasonally strong market during the summer months bodes well for the remainder of the year.
According ...
Wednesday, 01 August 18
JOKOWI CANCELS PLAN TO REVOKE COAL DMO - JP
President Joko "Jokowi" Widodo on Tuesday has canceled the government’s plan to revoke the domestic market obligation (DMO) for coa ...
Wednesday, 01 August 18
SHIPPING MARKET INSIGHT - GIANNIS ANDRITSOPOULOS
The dry bulk market activity over the past four weeks has remained stable when compared to the previous months. There are concerns with regards to ...
Tuesday, 31 July 18
INDONESIA UNLIKELY TO CHANGE COAL SUPPLY, PRICING RULES UNTIL 2019 - REUTERS
Indonesia is unlikely to change its rules on domestic coal supply and pricing until 2019, Coordinating Maritime Minister Luhut Pandjaitan said on M ...
Tuesday, 31 July 18
ENERGY MINISTRY REMAINS FIRM ON DMO POLICY FOR COAL - JP
The Energy and Mineral Resources Ministry has stressed that it will not cancel its policy on the domestic market obligation (DMO) for coal, as the ...
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- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- European Bulk Services B.V. - Netherlands
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
- Bhatia International Limited - India
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
- Goldman Sachs - Singapore
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Bayan Resources Tbk. - Indonesia
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- MS Steel International - UAE
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Economic Council, Georgia
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- Asmin Koalindo Tuhup - Indonesia
- Vizag Seaport Private Limited - India
- Parliament of New Zealand
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- Kartika Selabumi Mining - Indonesia
- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Straits Asia Resources Limited - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- Eastern Coal Council - USA
- SMC Global Power, Philippines
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