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Monday, 21 January 19
SUPRAMAX: INDONESIAN COAL RUNS, TONNAGE WAS GIVING APS DELIVERIES AND A 57,000DWT SHIP FIXED AT $7,000 FOR A TRIP TO WEST COAST INDIA - BALTIC BRIEFING
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A positive end to a week that saw rates on the West Australia/China run slip below $6.00, as charterers faced a plentiful supply of tonnage. Rates below $6.00 prompted resistance, and after a clear out of tonnage, rates climbed back over $6.00 finishing the week in the upper $6.00s. Timecharter rates slipped under $10,000 daily for 180,000 tonners, but recovered ground, with a 2010 vessel fixing from CJK for an east Australia/India run at $12,000 with an option of China at $13,000. Brazil/China activity fluctuated, the pace quickened as the week closed, but rates were laydays cancelling (laycan) sensitive. There was talk of tonnage fixing, with a 12-13 February position on this run at $18.00. North Atlantic trading was largely focussed on tonnage willing to breach International Navigating Limits (INL) and owners saw premiums for trading from these areas. A voyage cargo fixed from Seven Islands to China at a rate allegedly equating to between $33,000 and $34,000.
Panamax
It was a difficult week for most owners, with rates under pressure everywhere. The North Atlantic suffered from a growing tonnage profile, with ballasters also competing for business. The index fell around $1,500 daily for transatlantic rounds, with a voyage from the US Gulf to Rotterdam stem fixed at $11.70 last week compared to a similar fixture the previous week at $12.75. The fronthaul index dropped by a similar margin, although on Tuesday, rates had appeared to improve from South America. Unfortunately, this proved to be a temporary blip, with rates jumping to $14,500 plus $450,000 ballast bonus, before returning to around $13,750 plus $375,000 ballast bonus almost overnight. North Pacific grains continued to be active, but the market slipped by around $1,000 daily. However, as per the previous week, minerals demand was disappointing and Indonesia saw several vessels fixed on an Arrival Pilot Station (APS) basis, with no ballast bonus. Period interest evaporated, with a heavy decline in Forward Freight Agreement (FFA) values.
Supramax
Since the last week, the Baltic Supramax Index (BSI) has lost over 10 percent in value, with all routes losing ground, especially in the Atlantic for prompt positions, where tonnage supply outweighed demand. There was limited discussion on period activity this week, but an Ultramax open Chittagong was rumoured to have fixed an Index-linked period. The Atlantic, particularly from the US Gulf, saw dramatic falls, with Supramaxes seeing around $10,000 for transatlantic runs. East Coast South America also suffered, with Ultramaxes, open Up River, fixing in the low $12,000s plus $200,000 ballast bonus for fronthauls. The Mediterranean also lacked impetus, as a 57,000 deadweight tonne (dwt) vessel went for a run from the East Mediterranean to West Africa in the mid $8,000s. The Asian arena also struggled, but a 61,000 tonner open North China fixed for a trip via the North Pacific, redelivery Indonesia, at $10,500. For Indonesian coal runs, tonnage was giving APS deliveries and a 57,000dwt ship fixed at $7,000 for a trip to West Coast India.
Handysize
The Baltic Handysize Index (BHSI) continued to fall, with rates dropping in both basins. East Coast South America remained under pressure, with the HS3 route for 38,000 tonnes coming closer to the low recorded in early June 2018. Rates for the US Gulf also fell, as the HS4 route for 38,000 tonnes hit a new low since reporting started in March 2018. In the East, limited cargoes circulated last week for all sizes and routes. On the period front, a 37,000dwt vessel was booked from South Brazil for 12 to 14 months at $12,000, with redelivery in the Atlantic. The first leg later booked for Nueva Palmira to Kaliningrad in the mid $9,000s.
Most of the information came from East Coast South America, with a 34,000 tonner fixing coastal business at $10,000. A trip to Amsterdam, Rotterdam and Antwerp (ARA)-Ghent range paid $7,300 from Santos on a 37,000dwt vessel. In the Pacific, a 32,000dwt vessel was booked passing Busan for a coal trip via the Commonwealth of Independent States (CIS) to Korea at $4,800. A 35,000 tonner was booked from Hong Kong for a trip to the Caribbean-North Coast South America, at $3,200 for the first 68 days and $9,500 thereafter.
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Wednesday, 06 February 19
FEBRUARY 2019 INDONESIA'S COAL REFERENCE PRICE FELL 8.83 PERCENT YOY
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down again the benchmark price of Indonesian th ...
Wednesday, 06 February 19
THE BDI HAS EASED BACK TO 645 BP, ITS LOWEST LEVEL SINCE AUGUST 2016 - ALLIED
The dry bulk sector is in the doldrums, with most market participants seemingly left utterly perplexed, and simultaneously, in pursuit of any posit ...
Monday, 04 February 19
COAL STILL IN HIGH DEMAND GLOBALLY
Although the world is switching to renewable energy there is still a big demand for coal around the globe.
This is according to Cany ...
Friday, 01 February 19
ULTRAMAX WAS FIXED DELIVERY KALIMANTAN, FOR TRIP TO WEST COAST INDIA AT $7,000 - BALTIC BRIEFING
Capesize
The Vale dam tragedy sparked a sharp fall in rates across all regions even where tonnage remained tight. The potential loss of product ...
Friday, 01 February 19
SEMBCORP SELECTS NORDEN FOR LONG-TERM INDIAN CONTRACT
NORDEN A/S has signed a 10-year Panamax Contract of Affreightment (COA) with Indian utility firm Sembcorp Energy India Ltd.
From 1 A ...
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- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- SN Aboitiz Power Inc, Philippines
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- Jindal Steel & Power Ltd - India
- LBH Netherlands Bv - Netherlands
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- The University of Queensland
- Bulk Trading Sa - Switzerland
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- SMG Consultants - Indonesia
- Global Business Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- CIMB Investment Bank - Malaysia
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- PTC India Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- SMC Global Power, Philippines
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- South Luzon Thermal Energy Corporation
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Tata Chemicals Ltd - India
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- Cement Manufacturers Association - India
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- Australian Coal Association
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- GAC Shipping (India) Pvt Ltd
- McConnell Dowell - Australia
- Interocean Group of Companies - India
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Aboitiz Power Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- Intertek Mineral Services - Indonesia
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- TeaM Sual Corporation - Philippines
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- VISA Power Limited - India
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