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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 $80,000 ballast bonus.
Source: The Baltic Briefing
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Friday, 30 November 18
GOVT MULLS REQUIRING MINERS TO TURN COAL INTO GAS - THE JAKARTA POST
The government is considering requiring all coal miners to turn the raw commodity into dimethylether (DME) as a substitute for liquefied petroleum ...
Friday, 30 November 18
SUPRAMAX: N. CHINA TO INDIA OR SE ASIA SUPRAS ARE GETTING PAID AROUND US$ 6000 - FEARNLEYS
Capesize
Sharp rise in spot activity and income, admittedly from very low levels, for the big ships. West Australia/China and Brazil/Far East b ...
Thursday, 29 November 18
NEW IMSBC CODE REQUIREMENTS AIM TO CONTROL LIQUEFACTION OF COAL CARGOES - GARD
KNOWLEDGE TO ELEVATE
The International Maritime Solid Bulk Cargoes (IMSBC) Code describes coal as a natural, solid, combustible material consi ...
Wednesday, 28 November 18
SHIPPING MARKET INSIGHT - GEORGE LAIOS
Last week I had the privilege to attend the SingularityU Greece Summit, in Athens. It was a privilege because you do not often have the chance to s ...
Tuesday, 27 November 18
PANAMAX AND SUPRAMAX INDICES WITNESSED A DECLINE OF JUST BELOW 14% IN THEIR MEAN ON A MONTH-ON-MONTH COMPARISON - ALLIED SHIPPING
A month of sharp corrections and great asymmetries for the dry bulk sector, with the overall overview of the market shipping rapidly from a state o ...
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Showing 1546 to 1550 news of total 6871 |
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- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- White Energy Company Limited
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- Bharathi Cement Corporation - India
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- MS Steel International - UAE
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- Makarim & Taira - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- The University of Queensland
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Economic Council, Georgia
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Banpu Public Company Limited - Thailand
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Star Paper Mills Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- Australian Coal Association
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- Chettinad Cement Corporation Ltd - India
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- Medco Energi Mining Internasional
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- Kumho Petrochemical, South Korea
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- Aditya Birla Group - India
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- Trasteel International SA, Italy
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- The Treasury - Australian Government
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
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