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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, 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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- Directorate General of MIneral and Coal - Indonesia
- Vedanta Resources Plc - India
- AsiaOL BioFuels Corp., Philippines
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- Marubeni Corporation - India
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- Coal and Oil Company - UAE
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- SN Aboitiz Power Inc, Philippines
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- MS Steel International - UAE
- Thiess Contractors Indonesia
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- Eastern Energy - Thailand
- International Coal Ventures Pvt Ltd - India
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- Straits Asia Resources Limited - Singapore
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- Heidelberg Cement - Germany
- European Bulk Services B.V. - Netherlands
- New Zealand Coal & Carbon
- Vizag Seaport Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Tata Chemicals Ltd - India
- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Sical Logistics Limited - India
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- The State Trading Corporation of India Ltd
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- Lanco Infratech Ltd - India
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- PTC India Limited - India
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- Mjunction Services Limited - India
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- TNB Fuel Sdn Bhd - Malaysia
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
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