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Monday, 18 March 19
A 56,000DWT SHIP FIXED DELIVERY FOR A SINGAPORE TRIP VIA INDONESIA, RE-DELIVERY CHINA, AT $10,000 - BALTIC BRIEFING
.jpg) Capesize
The Baltic Capesize market shrugged off its recent negative sentiment to post daily incremental improvements over the last week. Pacific-led gains were seen early in the week. As the market drew to a close on Friday, higher Atlantic rates were being traded. Demand from all the major miners saw West Australia/China rates lift above $5.00 last week, rising to the mid-$5.00s mid-week, and over $6.00s as the week closed out. Timecharter rates rose sharply, with the Baltic Capesize Index (BCI) route C10 finishing at $8,117. A well-described 180,000-tonner fixed in the mid $10,000s. East Australian coal shipments too lent support. Transatlantic rounds traded mid $4,000s early in the week, rising to mid $6,000s as the week closed out. A well described modern Capesize, spot Gibraltar, fixed a Colombian round at $9,000. There is cautious optimism for the new week, but Brazil cargo has remained in short supply, with no end in sight to Vale’s woes. There was some limited cargo booked from Itagaui to Qingdao at $12.00 for prompt dates.
Panamax
A relatively uneventful week finished with a positive outlook. It began slowly, with rates everywhere except South America coming under pressure. Surplus tonnage in the North Atlantic coupled with dwindling fresh enquiry in the Pacific continued this week. Prompt tonnage seeking to remain in the Atlantic was forced to face Arrival Pilot Station (APS) rates, mainly from North Coast South America. Kamsarmaxes were fixed at $11,500 with no ballast bonus, but vessels willing to do trips to the East were able to fix from an active South American market. Rates rose slightly, with modern tonnage fixed in the upper $14,000s plus high $400,000s ballast bonus. Rates in the North Pacific dropped initially before recovering some ground later in the week, but mainly for the better described units, with tonnage fixing North Pacific rounds at approximately $9,500. With a change in tone on the paper market, charterers began to ask for period tonnage again, however, there were few trades evident.
Supramax
It was a flat week for the Baltic Supramax Index (BSI) with little movement. Period activity remained limited, but an Ultramax, open Japan, was fixed at $12,500 for six to eight months trading. The Atlantic market remained static, with limited fresh enquiry from the East Mediterranean-Continent areas. East Coast South America appeared more active, with better levels achieved. A 58,000dwt vessel fixed delivery for an Up River trip to the Arabian Gulf at $14,000 plus $400,000 ballast bonus. The US Gulf was finely balanced, with a 52,000-tonner fixing in the mid $10,000s for a trip with petcoke to the Mediterranean. Demand remained strong in Asia, however, tonnage availability was high, so as the week ended, rates eased. A 56,000dwt ship fixed delivery for a Singapore trip via Indonesia, redelivery China, at $10,000. Further north, an Ultramax fixed a North Pacific round, delivery Japan, in the $10,000s. The Indian Ocean saw activity, with a 57,000dwt vessel fixed delivery Damman for a trip to Kosichang at $10,750.
Handysize
Rates climbed again in both basins in the past week and the Baltic Handysize Index (BHSI) was well supported. It is now above 430, improving over 100 points since mid-February. On the period front, a 38,000dwt ship, delivery in Southwest Pass with prompt date, was booked for four to six months at $10,300, with redelivery in the Atlantic. A similar-sized vessel, also open in the US Gulf region, was booked for a grain trip to Morocco at $9,850. A 30,000-tonner was fixed for scrap cargo to the East Mediterranean at $8,000, delivery Tampa. From East Coast South America, a trip to the Mediterranean was reportedly concluded in the high $9,000s on a 32,000dwt vessel, and in the mid $8,000s for a coastal trip on a 28,000dwt vessel. A couple of fixtures were concluded in the $4,000s for a run from Iskenderun/Canakkale to Egypt. In the East, the Pacific market remained firm in general, with improved numbers discussed and fixed. A small Handysize vessel was paid $7,500 basis Indonesia delivery for moving alumina, via Australia, to Singapore-Japan range. A 38,000dwt ship open CJK was fixed at a rate in the low $9,000s for redelivery in Southeast Asia.
Source: The Baltic Briefing
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Saturday, 06 April 19
AUSTRALIA COAL POSTS BIGGEST WEEKLY DROP IN A DECADE AMID WEAK DEMAND - REUTERS
Australian thermal coal prices this week registered their biggest weekly fall since the financial market turmoil of a decade ago as demand plunged ...
Saturday, 06 April 19
SUPRAMAX: IT WAS A POOR WEEK OVERALL FOR THE BALTIC SUPRAMAX INDEX, WHICH LOST GROUND - BALTIC BRIEFING
Capesize
The Capesize market over the past week looked to have found a floor on Tuesday with the BCI 5TC at $3460 before firming into the rest ...
Thursday, 04 April 19
OVERSUPPLY STILL MAJOR CHALLENGE WARNS ICS
Speaking in Istanbul, Simon Bennett, Deputy Secretary General of the International Chamber of Shipping (ICS) warned that avoiding overcapacity and ...
Thursday, 04 April 19
GLENCORE, TOHOKU ELECTRIC SET COAL CONTRACT PRICE AT $94.75/T - SOURCE, REUTERS REPORTED
Global miner Glencore and Japan’s Tohoku Electric Power agreed on a price of $94.75 per tonne for supplies of thermal coal from Australia for ...
Monday, 01 April 19
FORCE MAJEURE SUCCESS NOT A SEA CHANGE - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE
It is difficult to successfully argue that contractual performance has been prevented or delayed by force majeure. This i ...
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Showing 1436 to 1440 news of total 6871 |
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- GN Power Mariveles Coal Plant, Philippines
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Transport, Egypt
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Bhoruka Overseas - Indonesia
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- Bukit Baiduri Energy - Indonesia
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- European Bulk Services B.V. - Netherlands
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Sindya Power Generating Company Private Ltd
- Dalmia Cement Bharat India
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- PTC India Limited - India
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Global Business Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- GAC Shipping (India) Pvt Ltd
- Singapore Mercantile Exchange
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- PNOC Exploration Corporation - Philippines
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Medco Energi Mining Internasional
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- Chettinad Cement Corporation Ltd - India
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- Aditya Birla Group - India
- Parliament of New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- Indo Tambangraya Megah - Indonesia
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- The University of Queensland
- Romanian Commodities Exchange
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Electricity Authority, New Zealand
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- Vedanta Resources Plc - India
- Thiess Contractors Indonesia
- Australian Coal Association
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Iligan Light & Power Inc, Philippines
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
- Mjunction Services Limited - India
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- White Energy Company Limited
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Rio Tinto Coal - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Wilmar Investment Holdings
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
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