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Wednesday, 09 January 19
PANAMAX: THE PACIFIC SAW RELATIVELY GOOD DEMAND PARTICULARLY FROM INDONESIA AND NOPAC - BALTIC BRIEFING
Capesize
It was an active start to the New Year, with trading from West Australia maintaining momentum during the holiday period. Rates for China hovered around the mid $6s, a few cents off the highs seen during the seasonal break. Increased trading was evident from Brazil as the week closed out, with talk of Vale fixing four or five ships direct at around $16 for end January/early February loading, Tubarao to Qingdao. Earlier expectations had been for rates nearer the mid $16s. CSN also took tonnage for 14-22 January from CSN to Qingdao, but little else emerged. Trading increased in the North Atlantic, with fresh transatlantic cargo and some negotiations underway for fronthaul at rates possibly a shade lower than previously anticipated. The coming week should produce a clearer picture as more return to their desks.
Panamax
It was a short week, with many yet to return to the office until this week. The Atlantic was subdued, with a lack of fresh enquiry especially for inter Atlantic trades. A lengthening tonnage profile meant rate levels came under pressure. A number of Continent ready vessels decided to buy some time by fixing short Baltic rounds, with levels dipping below $10,000 on these trades. South America witnessed greater activity, but here too rates softened. As the week closed out, there was a rumour of $30 per metric tonne concluded for 20-29 January dates Santos to China. The Pacific saw relatively good demand particularly from Indonesia and NoPac. However, with South America looking weaker, owners were less inclined to ballast and charterers maintained, with their ideas helped by a softening FFA market.
Supramax
Following the seasonal holidays, a short week saw the BSI move in a negative direction. Charterers made the first move, covering requirements with distressed vessels remaining open from the holiday period. Limited activity surfaced from the Atlantic, but brokers said that demand was low across the basin. From South America a grain charterer fixed on subjects a 57,900 tonner delivery South Brazil trip via the Red Sea with sugar, redelivery Port Said, in the mid upper $14s. A 58,700dwt vessel fixed from the US Gulf to West Coast South America at $24,000. From Asia there was a steady flow of cargoes but rates were under pressure. A 58,700 tonner was said to be booked delivery Hong Kong trip via Australia, redelivery Singapore-Japan range, at $9,200. The Indian Ocean saw increased fresh enquiry but limited fixtures. However, a 57,000dwt vessel went in the low $11,000s for Arabian Gulf to India.
Handysize
The return to work mid-week after the Christmas and New Year celebrations led to a slow start, with many suggesting that a clearer picture would not emerge for another few days. However, as last week progressed, many routes saw negative movements. Brokers suggested that rates dropped from the US Gulf and East Coast South America due to a lack of fresh enquiry.. A 28,300dwt vessel was fixed delivery North Brazil, for a trip with steels, redelivery West Coast North Pacific, in the mid $12,000s. A 37,800 tonner fixed delivery South West Pass, redelivery West Coast South America, at $13,500. The Asian routes also remained under downward pressure. A 32,000dwt vessel was rumoured fixed delivery Indonesia trip via Australia, redelivery Thailand, in the low $6,000s. It remained to be seen what the market will trade in the next few days.
Source: The Baltic Briefing
This report originally published on 4 Janaury 2019 on Baltic Briefing
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Tuesday, 08 January 19
GLOBAL TRADE GROWTH EXPECTED TO REMAIN AT HEALTHY IN 2019 - ALLIED
2019 is here and we find ourselves with new challenges for the shipping industry and the global economy as whole, with market prospects being neith ...
Monday, 07 January 19
THE NEWCASTLE BENCHMARK SPOT PRICE IS FORECAST TO DECLINE FROM AN ESTIMATED AVERAGE OF US$105 A TONNE IN 2018 TO US$74 A TONNE IN 2020 - DEPARTMENT OF INDUSTRY, AUSTRALIA
• The Newcastle benchmark spot price is forecast to decline from an estimated average of US$105 a tonne in 2018 to US$74 a tonne in 2020, prim ...
Monday, 07 January 19
INDONESIAN GOVERNMENT DECLARED COAL BENCHMARK PRICE FALLS FOR FIFTH STRAIGHT MONTH IN JANUARY 2019; LOWEST SINCE JUNE 2018
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down again the benchmark price of Indonesian th ...
Monday, 07 January 19
RUSSIA'S COAL PRODUCTION UP 5.9% TO 433.4 MLN TONNES IN 2018 - TASS
Coal production in Russia in 2018 increased by 5.9% year-on-year to 433.4 mln tonnes, according to the Central Dispatching Department of Fuel Energ ...
Friday, 04 January 19
FOCUS IS ON BOOSTING COAL PRODUCTION: INDIAN COAL MINISTER
The current focus of the government is on boosting production from operational coal mines, according to Minister for Coal, Piyush Goyal.
...
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- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Australian Coal Association
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- Sarangani Energy Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Borneo Indobara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- Parry Sugars Refinery, India
- Kobexindo Tractors - Indoneisa
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- IHS Mccloskey Coal Group - USA
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Antam Resourcindo - Indonesia
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- Interocean Group of Companies - India
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Latin American Coal - Colombia
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- ASAPP Information Group - India
- CNBM International Corporation - China
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- Baramulti Group, Indonesia
- GVK Power & Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Wilmar Investment Holdings
- Bukit Makmur.PT - Indonesia
- Petron Corporation, Philippines
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- OPG Power Generation Pvt Ltd - India
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
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