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Monday, 24 December 18
DRY BULK MARKET: CAPESIZE MARKET ON BACKFOOT AS 2018'S END DRAWS NEAR - THE BALTIC BRIEFING
 Capesize
Panic set in in the East as the holiday season approaches, with owners chasing rates lower. Rates on the key West Australia/China route collapsed with business concluded at under $6.00 having touched $9.00 just a week before. Some owners were preparing to sit tight rather than chase rates lower. There was very little timecharter trading evident, but, brokers suggested rates were nearer the low-end of the teens than the mid. Brazil/China rates also came under pressure, with rates for 1-10 January now under $16.00, with a cargo the previous week fixed at $17.25 for early January. The North Atlantic had shown some resilience, with tonnage tight, but the trading here largely focussed on breach cargoes from the St. Lawrence, with the timecharter equivalent here for cargoes going east nudging the near $30,000 daily in mid-week, but easing as the week closed out. Transatlantic rates improved, with a Puerto Bolivar/Rotterdam cargo covered at an improved $9.65, but this was reported to have failed.
Panamax
Last week began in the same vein as the previous week, with expectation of multiple grain stems flooding the market. However, the reality was more muted, with NoPac activity only increasing towards the end of the week. Despite this, vessels still had to discount to get covered before the holidays. Minerals into India and Indonesian rounds remained busy, with most owners preferring to fix rather than ballast to South America. However, rates there remained fairly steady. More transatlantic trades were evident, with Kamsarmaxes now fixing around $16,500 back to Skaw-Gibraltar, but in the North, a lack of fresh enquiry saw some discount for short rounds to cover over the holiday period, with a 75,000dwt vessel booked at $9,500. Period interest remained, but with FFA values softening at the end of the week, trades slowed.
Supramax
Not unexpectedly the market slowed as the week progressed, with the festive season going into full swing. Period activity was seen from the US Gulf, with a 57,000dwt open Mississippi River fixed for three to five months trading redelivery Atlantic at $13,500 plus $350,000 ballast bonus. The area also saw the bulk of the week’s activity, with other areas such as the East Mediterranean seeing demand. For transatlantic business, a 63,000dwt was booked for a trip to the East Mediterranean at $21,000. For backhaul business a 63,000 tonner fixed from the East Mediterranean to the US in the mid $10,000s. The Asian market started with initial excitement, but this declined as the week went on and a 55,000dwt was booked delivery CJK trip redelivery Arabian Gulf at $6,000. For round business, a 55,000dwt open Machong fixed a NoPac round at $10,500. There was more activity from Southeast Asia whilst rates remained static.
Handysize
It was a very dull week for the Handysize sector. The trend continued from last week in the key markets with the US Gulf route recording the biggest fall. Brokers suggested little transatlantic cargo but more inter-Caribbean runs this week with tonnage building up in the US Gulf. The rates also further softened in East Coast South America and the Pacific.
A 38,000dwt fixed from the US Gulf to UK-Continent at $13,250. A 30,000dwt delivery Recalada was fixed at mid $18,000 for a trip to West Coast South America and a 38,000dwt was booked from the same area to the Baltic Sea at $17,250. In the East a 29,000 tonner fixed earlier in the week from Busan to redeliver in Singapore-Taiwan range at $6,750. A 34,000dwt open in the Philippines was fixed for a trip via Indonesia to China at $8,500 and another similar-sized vessel was booked from Singapore to move alumina via Australia to East Coast India at $8,000 plus an $80,000 ballast bonus.
Source: The Baltic Briefing
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Sunday, 20 January 19
OIL MARKET REPORT: A MARATHON, NOT A SPRINT - IEA
Last month, we asked if there was a floor under prices following the signing of a new Vienna Agreement that aims to re-balance the oil market. Foll ...
Thursday, 17 January 19
EIA ESTIMATES THAT U.S. COAL EXPORTS WERE 116 MMST IN 2018, 20% HIGHER THAN THE AMOUNT EXPORTED IN 2017
Coal Supply
EIA estimates that coal production declined by 20 million short tons (MMst) (3%) in 2018, despite a 19 MMst increase in U.S. coal e ...
Thursday, 17 January 19
U.S COAL OUTPUT IS EXPECTED TO FALL BY 3 PER CENT IN 2019 - EIA
EIA forecasts that U.S. coal production will total 729 million short tons (MMst) in 2019, down by 25 MMst (3%) from 2018.
Acco ...
Wednesday, 16 January 19
SHIPPING MARKET INSIGHT - INTERMODAL
As we go through the first days of the year and just a few weeks before the Chinese New Year, the ship repair sector is witnessing a big difference ...
Monday, 14 January 19
KOREA SOUTHERN POWER INVITES BIDS FOR 320,000 MT OF MIN 3,800 NCV COAL
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 320,000 MT of min 3,800 kcal/kg NCV coal for ...
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- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- PTC India Limited - India
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Attock Cement Pakistan Limited
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indika Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- Australian Coal Association
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Energy Development Corp, Philippines
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- Parry Sugars Refinery, India
- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- The University of Queensland
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- PetroVietnam Power Coal Import and Supply Company
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- Videocon Industries ltd - India
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Heidelberg Cement - Germany
- Orica Australia Pty. Ltd.
- Kalimantan Lumbung Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Coal Council - USA
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
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