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Monday, 11 March 19
SUPRAMAX: A 61,000 DWT VESSEL WAS BOOKED SINGAPORE FOR A TRIP VIA INDONESIA TO CHINA AT $10,500 - BALTIC BRIEFING
.jpg) Capesize
A faint glimmer of hope with the suggestion the market may have finally bottomed out, with owners attempting to resist further cuts in rates on some routes. There has been a clear-out of early ships in the East, albeit at very low rates. Charterers upped their ideas, with reports of an operator fixing at $4.80 and another at the equivalent of $4.95-$5.00, basis West Australia/China. The week ended with a reasonable volume of operator cargoes and even from a couple of the miners. Timecharter rates remained very low, with a not very well described ship fixing early in the week at $1,000 for a quick round, with a maximum in the low $4,000s for longer durations. Brazil remained the talking point, with the lack of spot cargoes severely impacting trade. Eyes are pinned on Vale’s return to the market. There was some limited fixing, with an end March cargo booked from Sudeste to Qingdao at $12.00. North Atlantic rates also fell, even those ships willing to load in St. Lawrence accepting lower rates, which barely showed timecharter equivalents in the mid-teens.
Panamax
Last week the market experienced the first negative index since the beginning of February, with a continued surplus of tonnage in the North Atlantic combined with a lack of fresh enquiry in the Pacific. The slowdown in the Pacific was exacerbated by Capesize tonnage fixing some of the larger Panamax stems from both Indonesia and Australia, something not seen for a very long time. The recently active North Pacific market also came to an abrupt halt, despite a modern Kamsarmax covered at $12,000 for round at the start of the week. Talk of Force Majeure in the Mississippi due to flooding stifled trade in the Atlantic. However, fronthaul rates via South America improved, with a vessel covered at excess of $14,000 retroactive Aughinish via North Coast South America. Another vessel fixed at $14,250 plus $425,000 ballast bonus delivery East Coast South America.
Supramax
Overall, it was a firmer week for the Baltic Supramax Index (BSI). Period activity was limited, but a 60,000dwt vessel was fixed for three to five months trading delivery Fangcheng at $12,500. Stronger rates from the US Gulf for the Ultramaxes moving petcoke were evident, with a 63,000dwt ship fixing at around $19,000 for a trip to India. For prompt positions from the East Mediterranean a 56,000-tonner fixed at around $16,000 for a fronthaul. However, as the week came to a close, activity slowed. East Coast South America saw increased trading and rates improved, but little information surfaced. Mixed signals from the Asian arena, more activity was seen, but a lack of fresh cargo from Southeast Asia checked rates. A 61,000dwt vessel was booked Singapore for a trip via Indonesia to China at $10,500. Tighter tonnage availability in the Indian Ocean nudged rates, with a 57,000dwt ship fixing at $12,250 plus $225,000 ballast bonus, delivery Port Elizabeth for a trip to China.
Handysize
The Handysize sector continued to show improvement last week in active trade. Period trading included a 37,000-tonner open Lorient fixed at $10,750, with redelivery in the Atlantic. For longer duration trips, a Handysize vessel fixed for two to three laden legs from the East Mediterranean at $6,000 for the first 30 days and $9,000 thereafter for Atlantic redelivery. From East Coast South America, a trip to the Mediterranean paid $7,250 on a small Handysize vessel. A 33,000dwt ship agreed $9,250 from Recalada to Algeria, and a similar rate was reportedly fixed on a similar size from Santos to Casablanca. There was little reported from the US Gulf area, with a touch more Black Sea activity, but on voyage basis. Other trading routes included a 32,000-tonner reportedly booked for timber at $8,500 from Ghent, via the Baltic, to Egypt. A 36,000dwt vessel was fixed from Amsterdam to Turkey at $9,000. In the East, a 43,000-tonner in Japan agreed $10,000 to move petcoke, via the North Pacific, to China. A 32,000dwt ship in the same area was fixed for a trip to Singapore with slag at $7,350.
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Thursday, 09 May 19
OFFSHORE CARIBBEAN CONGRESS 2019
Offshore Caribbean Congress 2019
Event Date: 4-5th July. 2019t
Location: Georgetown, Guyana
Hess announced a new d ...
Tuesday, 07 May 19
UNDOUBTEDLY A VERY TROUBLED YEAR FOR THE DRY BULK MARKET, SAYS ALLIED SHIPPING
Undoubtedly a very troubled year for the dry bulk market says Allied Shipping in its latest weekly report.
Thomas Chasapis, Re ...
Saturday, 04 May 19
HOW THE 'FAIR VALUE' OF COAL ASSETS IS AFFECTED BY COMMODITY CYCLES - CRU
As with any commodity, valuing coal assets can be tricky due to the cyclical nature of the market. In this insight, CRU discusses how commodity cyc ...
Friday, 03 May 19
SUPRAMAX: WITH WIDESPREAD HOLIDAYS DURING THE WEEK, THE MARKET LACKED IMPETUS - BALTIC BRIEFING
Capesize
The market last week was a tale of two halves, with substantial volatility. Beginning the week on a positive note the C5 West Australi ...
Friday, 03 May 19
COAL INDIA APRIL OUTPUT RISES 1% TO 45.29 MILLION TONNE - PTI
Coal India Ltd (CIL) Wednesday said its coal production in April 2019 rose by 1 per cent to 45.29 million tonne as compared with 44.86 million tonn ...
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- Aboitiz Power Corporation - Philippines
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- Antam Resourcindo - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- Kideco Jaya Agung - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- VISA Power Limited - India
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
- Aditya Birla Group - India
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- IHS Mccloskey Coal Group - USA
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- White Energy Company Limited
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Tata Chemicals Ltd - India
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- New Zealand Coal & Carbon
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- London Commodity Brokers - England
- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- The University of Queensland
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- Dalmia Cement Bharat India
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement - Thailand
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Indo Tambangraya Megah - Indonesia
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- GMR Energy Limited - India
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- Sojitz Corporation - Japan
- Karaikal Port Pvt Ltd - India
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