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Saturday, 23 March 19
IT WAS A POSITIVE WEEK FOR THE HANDY SIZE MARKET - BALTIC BRIEFING
Capesize
The big ships endured heavy losses last week extinguishing any hopes from the recent minor rally. Negative sentiment gained pace throughout the week, Cyclone Veronica developed in North-Western Australia prompting Port Hedland and Dampier to issue port closure notices, expected to last in-excess of 48 hours. Miners were largely absent through the latter part of the week, as route C5 traded sharply down to $5.00. Mid-week saw a short-lived bump in freight on South Africa/Qingdao tender cargo as the slim ballaster fleet showed signs of pressure points, with many reluctant to head west. The Atlantic basin, bereft of cargo, weakened in value throughout the week, as ballasters competed for business from Brazil and Colombia to the Continent. Vale announced the return of operations at the Brucutu mine in the next 72 hours. Physical spot rates continued to decline, although forward rates saw a bump in value across the curve to close out the week.
Panamax
There was a solid improvement in the Atlantic market this week driven mainly by activity for first half April from East Coast South America. With a shortening tonnage list, charterers have been forced to take tonnage from the Continent/Mediterranean to cover early stems, with rumours of a modern Kamsarmax fixing on subjects at $16,000 basis Gibraltar delivery, and multiple ships agreeing $15,250 plus $525,000 ballast bonus on an Arrival Pilot Station (APS) basis. Transatlantic trades also reaped the benefit, with the index rising more than the front haul rates. Ships were fixing close to $18,000 APS South America for redelivery Atlantic, where the previous week saw $11,500 concluded on similar business. The Pacific, in contrast, was flat at best, with a lack of Australian mineral cargoes splitting the market and making it very positional. Vessels open in the south had more options, with Indonesia remaining busy plus ballasting to South America an option. In the north, an active North Pacific market was insufficient to maintain rates, especially for tonnage open North China.
Supramax
The Baltic Supramax Index (BSI) gained ground during the week, with improved rates seen from key areas. There was limited period activity, but a 60,600dwt ship open Damman was rumoured fixed for a short period at $12,750. The Atlantic had a mixed week, with little fresh enquiry from the East Mediterranean. From the US Gulf, congestion and high water saw vessels with reliable positions achieving good levels; a 56,000dwt vessel fixed for a trip to the East Mediterranean at $15,000. Increased activity from East Coast South America was evident, where a 55,000-tonner was booked to the West Mediterranean at $17,500. A 66,300dwt ship fixed for a trip to the Arabian Gulf at $14,400 plus $440,000 ballast bonus. Rates from Asia improved as a 56,800-tonner agreed delivery China to the Arabian Gulf, the trip was agreed at $8,150 for 45 days and $10,500 thereafter.
Handysize
It was a positive week for the Handysize market. East Coast South America saw strong demand, with very few prompt ships. As the week closed out, brokers suggested that cargoes were still to be covered. A coastal trip along East Coast South America paid in the $12,000s on a 34,000-tonner. On the period front, a similar-sized vessel was paid $10,750 for four to six months from Recalada, with redelivery in the Atlantic. From the US Gulf, a 36,000dwt vessel agreed $9,400 basis South West Passage for about three to five months, redelivery also within the Atlantic, and a single trip from the area was concluded at $9,000 with grains to East Coast Mexico. Otherwise, $6,000 reportedly fixed on small Handysize vessel from Skaw to East Coast South America and $5,000 for inter-Mediterranean trips. In the East, a 33,000dwt ship and a 28,000dwt ship, both open in the Philippines, were booked for a run via West Australia at $7,500 redelivery in the Far East and $7,100 redelivery West Coast India respectively. A coal trip from Indonesia paid $9,500 on a 39,000-tonner basis delivery Kuantan to China.
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Monday, 24 December 18
DRY BULK MARKET: CAPESIZE MARKET ON BACKFOOT AS 2018'S END DRAWS NEAR - THE BALTIC BRIEFING
Capesize
Panic set in in the East as the holiday season approaches, with owners chasing rates lower. Rates on the key West Australia/China route ...
Friday, 21 December 18
4.2 MILLION DWT OF DRY BULK SHIPS SCRAPPED UNTIL 17 DEC, DOWN 71.6% Y/Y - BIMCO
2018 has been a slow year for dry bulk demolitions, with only 4.2 million DWT scrapped (as of 17 December), down 71.6% compared to last year. An al ...
Thursday, 20 December 18
INDONESIAN COAL PRICES DIVERGE FROM KEY BENCHMARK - FITCH RATINGS
The Newcastle 6,000kcal coal price benchmark that is widely used to determine most coal price estimates for Indonesian coal miners has increasingly ...
Wednesday, 19 December 18
CHINA'S IMPORT RESTRICTIONS ON COAL SPOILS THE PARTY FOR PANAMAXES - DREWRY
The Chinese government’s objective of suppressing coal and lignite imports in November and December 2018 is adversely impacting demand for Pa ...
Wednesday, 19 December 18
GLOBAL COAL DEMAND SET TO REMAIN STABLE THROUGH 2023, DESPITE HEADWINDS - IEA
While global coal demand looks set to rise for the second year in a row in 2018, it is forecast to remain stable over the next five years, as decli ...
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Showing 1516 to 1520 news of total 6871 |
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- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- Deloitte Consulting - India
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Makarim & Taira - Indonesia
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- ICICI Bank Limited - India
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- Jaiprakash Power Ventures ltd
- Petron Corporation, Philippines
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- London Commodity Brokers - England
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Simpson Spence & Young - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- Xindia Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Australian Coal Association
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Kumho Petrochemical, South Korea
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- The University of Queensland
- Tata Chemicals Ltd - India
- Essar Steel Hazira Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
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