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Friday, 11 January 19
SUPRAMAX: THE ASIAN ARENA HAD A MIXED START; LIMITED ACTION IN SOUTHEAST ASIA - THE BALTIC BRIEFING
Capesize
Dashed hopes summed up the first full week of the New Year. A slow start followed by a busy 24 hours of improving rates and a firming FFA market fuelled positive sentiment, only to see both paper and physical sales slide the next day. West Australia to China rates briefly moved closer to the high $6.00s, but ended the week at $6.25, as a 2002-built vessel fixed at this rate from Dampier. The ship was re-let having fixed on timecharter at $9,000 daily basis Hong Kong delivery. The Australian miners slowed the pace as the week ended with at least one now bidding $6.00. Brazil to China rates improved briefly, with business fixed in the low $18.00s for January, but dropped sharply lower. However, a 1 to 10 February has now been done at $17.50. Similarly in the North Atlantic, a tighter tonnage supply saw fronthaul rates in the low $30,000s for a 171,000 tonner. There was transatlantic activity, with the BCI C7 Puerto Bolivar to Rotterdam route fixed at $9.00.
Panamax
With a complete return to work for the first full week of the year it was perhaps no surprise that it was very active, with a large volume of trades reported. Despite the increased activity, there remained too many early vessels in the Atlantic, combined with ballasters from the East, forcing rates lower throughout the week, with many having to wait for later laydays. The transatlantic index dropped $2,500 Monday to Thursday and was still considered by many to be overmarked. South America also softened, with well described Kamsarmaxes fixed at $13,750 plus $375,000 ballast bonus. In the North Pacific saw a busy week but lacked support from the minerals trades, although there was a noticeable increase in cargoes to India during the second half of the week. Indonesia has been disappointing, with rates especially for smaller units hit harder. Some vessels had to wait for later cargoes, but in spite of the weakened spot levels, there were still several short period fixtures concluded.
Supramax
The first full week back after the holidays was not encouraging, with the Baltic Supramax Index (BSI) falling and tonnage supply outweighing demand in many areas. Limited period activity surfaced, but a 61,000dwt vessel was reported delivery Japan for four to six months trading at $12,500. The Atlantic suffered especially from the US Gulf-US East Coast area where rates fell and a 56,000dwt ship fixed at $14,000 from the East Coast to the Mediterranean. From the Mediterranean, an Ultramax was rumoured fixed in the $19,000s for a trip to the Far East. The Asian arena had a mixed start. From the Indian Ocean a 60,200 tonner fixed delivery South Africa trip to the Far East at $12,400, plus $250,000 ballast bonus. A 56,000dwt vessel agreed delivery Kobe for a North Pacific round at $10,000. Limited action in Southeast Asia but a 53,000 tonner open Cebu went for a trip via Indonesia, redelivery Southeast Asia, at $8,000.
Handysize
The first full week back began on a low note, with routes across all areas losing ground. Due to a good supply of prompt tonnage from East Coast South America, and a lack of fresh enquiry from the US Gulf, rates slipped. From East Coast South America a 32,000dwt vessel was booked at around $10,000 for a trip to Morocco. A 33,000 tonner went to a grain house at $9,500 delivery Recalada for a transatlantic run. The market remained depressed in the US Gulf, a 38,000dwt ship fixed to the Continent at $9,000. From the Continent, mid-size Handysizes were also around $9,000 for trips to the Mediterranean. In the East, the market lacked impetus. From the North a 38,100 tonner fixed from CJK to Southeast Asia in the high $7,000s. Further South, a 35,000dwt vessel agreed a steels run from South China to Indonesia in the mid-high $7,000s.
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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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- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- Meralco Power Generation, Philippines
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- White Energy Company Limited
- GAC Shipping (India) Pvt Ltd
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Electricity Generating Authority of Thailand
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- Coal and Oil Company - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vedanta Resources Plc - India
- Bhatia International Limited - India
- Riau Bara Harum - Indonesia
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Miang Besar Coal Terminal - Indonesia
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- Australian Coal Association
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- The Treasury - Australian Government
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
- Oldendorff Carriers - Singapore
- Petron Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- GVK Power & Infra Limited - India
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Planning Commission, India
- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
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