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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 $9,500 on a 39,000-tonner basis delivery Kuantan to China.
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Monday, 26 November 18
SUPRAMAX: THE ASIAN MARKET STALLED THIS WEEK WITH A BUILD-UP OF TONNAGE - BALTIC BRIEFING
Capesize
It was a positive end to the week, with West Australia/China making significant gains and firing owners’ resolve. There was talk ...
Friday, 23 November 18
GOLDEN ENERGY'S POTENTIAL ACQUISITION OF STANMORE CREDIT POSITIVE - FITCH RATINGS
Golden Energy and Resources Limited's (GEAR, B+/Positive) potential acquisition of Stanmore Coal will help the company diversify its coal opera ...
Friday, 23 November 18
ASSOCIATION CALLS FOR REVISION OF DMO SCHEME FOR COAL - JP
The Indonesian Coal Mining Association (APBI) has called on the government to revise the domestic market obligation (DMO) scheme for coal, which re ...
Friday, 23 November 18
INDONESIA'S REVENUES FROM MINERAL AND COAL INCREASE TO US$ 2.858 BILLION - ANTARA
Indonesia`s non-tax state revenues from the mineral and coal sub-sector reached Rp 41.77 trillion (approximately US$ 2.858 Billion) as of Nov 16, 2 ...
Thursday, 22 November 18
SHUT OUT OF CHINA, U.S. COAL EXPORTERS FIND FAVOUR IN INDIA, FOR NOW - REUTERS
U.S. coal exporters have effectively lost a promising market in China since the imposition of tariffs as part of the ongoing trade dispute, but so ...
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Showing 1551 to 1555 news of total 6871 |
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- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- Planning Commission, India
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Kaltim Prima Coal - Indonesia
- Indonesian Coal Mining Association
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- Banpu Public Company Limited - Thailand
- Global Coal Blending Company Limited - Australia
- Iligan Light & Power Inc, Philippines
- Australian Coal Association
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Tata Chemicals Ltd - India
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- Merrill Lynch Commodities Europe
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Bulk Trading Sa - Switzerland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Central Java Power - Indonesia
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Dalmia Cement Bharat India
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- Eastern Coal Council - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- Antam Resourcindo - Indonesia
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- Indika Energy - Indonesia
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- SMC Global Power, Philippines
- White Energy Company Limited
- Coal and Oil Company - UAE
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- Neyveli Lignite Corporation Ltd, - India
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- Economic Council, Georgia
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- Cigading International Bulk Terminal - Indonesia
- PowerSource Philippines DevCo
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Ceylon Electricity Board - Sri Lanka
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