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Saturday, 06 April 19
SUPRAMAX: IT WAS A POOR WEEK OVERALL FOR THE BALTIC SUPRAMAX INDEX, WHICH LOST GROUND - BALTIC BRIEFING
.jpg) 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 of the week, ending at $4881. Iron ore cargo trades from West Australia to China dominated early week business, while the Atlantic basin became active mid-week. A slim but constant trickle of business was heard out of Brazil heading to China, but details were hard to confirm. Thursday saw a flurry of North Atlantic fronthaul tenders by Korean and Japanese charterers. The North Atlantic tonnage situation is currently tight, with little activity. These tender fixtures gave an immediate lift to rates, lifting the bid offers in the Atlantic basin. Ending the week, holidays in the East made for a quiet market, while most eyes were fixed on tracking Cyclone Wallace’s arrival in what is hoped to be the last cyclone in the Pilbara region of West Australia for this season.
Panamax
Overall a relatively flat week, with a healthy volume of fixing. The Pacific has been heavily reliant on Indian coal demand for support. That has favoured the Kamsarmaxes which have been fixing in the mid/high $8,000s from North China via Australia, with the Panamaxes having to discount to compete. Despite small flurries of activity both Indonesia and the North Pacific were slower last week, which has put rates under some pressure. South America continued to be the driving force in the Atlantic, with a midweek surge in fixing from the North coast lifting rates for tonnage open around Gibraltar/Jorf Lasfar. This was supported by constant East Coast fixing, mainly, for end April dates. Tonnage supply appeared to be building in the North Atlantic, as transatlantic demand slowed. There was very little period talk, but a modern Kamsarmax fixed for nine to twelve months delivery Southeast Asia in the low $11,000s.
Supramax
It was a poor week overall for the Baltic Supramax Index (BSI), which lost ground. Period activity was limited, a 61,000dwt ship open Vietnam for mid-April was fixed one option, one year’s trading, at $11,500 and $12,500 respectively. East Coast South America remained active. A 52,000dwt vessel was fixed basis delivery Recalada for a trip to the Mediterranean at $13,000. From the US Gulf there was limited fresh enquiry, a 61,000-tonner was fixed to Egypt in the $13,000s. The Mediterranean and Continent also lacked impetus. With mid-week holidays in Indonesia, and in China later in the week, the basin lacked support, with limited fresh inquiry. A 60,000dwt ship was fixed delivery Kosichang trip via West Australia, redelivery China, at $9,000. A 58,000-tonner was covered basis delivery Singapore trip via Indonesia, redelivery South China, in the low $8,000’s. There was limited action from the Indian Ocean, a 63,300-dwt was fixed for South Africa redelivery Southeast Asia in the low $12,000s, plus $200,000 ballast bonus.
Handysize
The Baltic Handysize Index (BHSI) started to fall when it moved along to April, after having a good March, with all rates staying in the positive territory. Most of the index routes lost ground last week with key areas like the US Gulf and East Coast South America softening throughout the week. A 38,000dwt vessel open Denmark was fixed for moving a scrap cargo to the East Mediterranean at $11,850. A 33,000dwt ship was fixed from Santo Tomas de Castilla for a trip with nickel ore to the East Mediterranean. Another 37,000-tonner was booked from Southwest Pass to West Coast South America at $9,000, with end April dates. Meanwhile, the Pacific market also showed more signs of weakening once it was April. A 34,000dwt ship open CJK was reportedly fixed for a trip to redeliver in Israel at a rate around $4,000, and a 33,000dwt vessel, open Ulsan, was booked for a cement trip to Singapore at $7,750.
Source: 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 ...
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 ...
Monday, 01 April 19
AUSTRALIAN COAL AT RISK FROM CHINA MOVE, WARNS GOVERNMENT REPORT - SYDNEY MORNING HERALD
A new government report warns China’s restrictions on coal imports is the number one risk for Australian coal this year and could lead to a s ...
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- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- GAC Shipping (India) Pvt Ltd
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CNBM International Corporation - China
- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
- Minerals Council of Australia
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Holcim Trading Pte Ltd - Singapore
- Gujarat Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Coastal Gujarat Power Limited - India
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Romanian Commodities Exchange
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- Sindya Power Generating Company Private Ltd
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- Posco Energy - South Korea
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- Intertek Mineral Services - Indonesia
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Planning Commission, India
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- MS Steel International - UAE
- London Commodity Brokers - England
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Edison Trading Spa - Italy
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- Indika Energy - Indonesia
- Heidelberg Cement - Germany
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