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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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Wednesday, 21 November 18
SHIPPING MARKET INSIGHT - DIMITRIS KOURTESIS
Halfway through the fourth and last quarter of the year, we spot a significant change in freight rates for tankers trading dirty, as well as on the ...
Tuesday, 20 November 18
FREIGHT RATES IN THE CRUDE OIL MARKET HAVE ALREADY PICKED UP OVER THE PAST COUPLE OF WEEKS - YIANNIS VAMVAKAS
Current geopolitical developments between Iran and the US, which have led the latter to re-impose its sanctions, have significantly affected oil pr ...
Tuesday, 20 November 18
GOLDEN ENERGY AND RESOURCES LEADS A$249M BID FOR AUSTRALIA-LISTED STANMORE COAL - THE STRAITS TIMES
Singapore-listed Golden Energy and Resources (GEAR) is leading deals worth up to A$249 million (S$250 million) to acquire Australia-listed Stanmore ...
Monday, 19 November 18
INDONESIA'S LEADING EIGHT COAL MINER'S COAL MINING CONTRACTS ARE EXPECTED TO EXPIRE BETWEEN YEAR 2019 - 2025
The Ministry of Energy and Mineral Resources (ESDM) said, eight Coal Contract of Works (CCoW) will expected to expire between 2019 to 2026, Liputan ...
Monday, 19 November 18
SUPRAMAX: THE BSI CONTINUED TO FALL LAST WEEK, ESPECIALLY THE ASIAN ROUTES - BALTIC BRIEFING
Capesize
After a cut throat couple of weeks, the market finally appeared to have found a floor and rates ticked up. Those analysts that predict ...
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- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- Global Business Power Corporation, Philippines
- Wilmar Investment Holdings
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- India Bulls Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- Mjunction Services Limited - India
- Trasteel International SA, Italy
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
- Oldendorff Carriers - Singapore
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- Attock Cement Pakistan Limited
- ASAPP Information Group - India
- The State Trading Corporation of India Ltd
- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- Thai Mozambique Logistica
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Planning Commission, India
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- Goldman Sachs - Singapore
- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- Marubeni Corporation - India
- Central Electricity Authority - India
- Parliament of New Zealand
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- PTC India Limited - India
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vedanta Resources Plc - India
- Price Waterhouse Coopers - Russia
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Coastal Gujarat Power Limited - India
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