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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, 02 November 18
CHINA: COAL CONSUMPTION POSTS STRONG GROWTH ON BACK OF POWER GENERATION DEMAND - CHINA DAILY
China’s energy consumption experienced continuous rebound during the first three quarters in 2018, National Energy Administration announced o ...
Thursday, 01 November 18
IMO 2020 - EXPLORING THE OPTION OF SOX SCRUBBERS - SIDDHARTH MAHAJAN, GARD
KNOWLEDGE TO ELEVATE
There are four possible methods of compliance:
1.use VLSFO (very low Sulphur oil) or blends;
2,use dis ...
Wednesday, 31 October 18
INDIA: COAL IMPORTS SURGE ON DOMESTIC SHORT SUPPLY - HINDU
Shortage of thermal coal supply in India has pushed imports up to 85 million tonnes (mt) in the first half of the current fiscal compared to 75 mt ...
Wednesday, 31 October 18
SHIPPING MARKET INSIGHT - APOSTOLOS ROMPOPOULOS
Since the IMO’s 2020 global cap on sulphur in marine fuels is coming into force, ship-owners have to decide whether they will operate using e ...
Monday, 29 October 18
IMPLEMENTATION OF SULPHUR 2020 LIMIT - CARRIAGE BAN ADOPTED - IMO
An amendment to support consistent implementation of the forthcoming 0.50% limit on sulphur in ships fuel oil was adopted by the International Mari ...
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Showing 1571 to 1575 news of total 6871 |
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- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- Sojitz Corporation - Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- SMC Global Power, Philippines
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Malabar Cements Ltd - India
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- The Treasury - Australian Government
- Planning Commission, India
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Central Java Power - Indonesia
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Jindal Steel & Power Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Directorate Of Revenue Intelligence - India
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- GN Power Mariveles Coal Plant, Philippines
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- Posco Energy - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- Parliament of New Zealand
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Chamber of Mines of South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Transport, Egypt
- Neyveli Lignite Corporation Ltd, - India
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Latin American Coal - Colombia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- India Bulls Power Limited - India
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
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