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Saturday, 13 April 19
CAPESIZE: WEST AUSTRALIA TO CHINA IRON ORE CARGOES LIFTING FROM $4.60 PMT TO ABOVE $5.00 - BALTIC BRIEFING
.jpg) Capesize
The market saw a steep ascent from the depths of last week. The Baltic Capesize Index (BCI) 5TC opened on Monday at $5,099, although by Friday’s close most gains were lost, and it finished up at $5,737, a modest gain of $638. Improved sentiment stemmed from Atlantic-tightness combined with an open Colombia coal arbitrage. This in turn provided an influx of fronthaul cargo with minimal candidates, a much-needed injection in recent market times. The improved sentiment lent itself to escalations in the Pacific market. This led to West Australia to China iron ore cargoes lifting from $4.60 per metric ton (pmt) to above $5.00. The week ended on a wimper as the Pacific remained firm to holding, while the Atlantic rates and sentiment softened as the arbitrage closed. The ice premium season is also coming to an end at the beginning of May.
Panamax
An uneventful week started very slowly in the Pacific, partly due to Coaltrans in Shanghai. Despite increased activity in the second half of the week, spot rates have drifted lower. Coal into India remained the main driving force, with more grains from the North Pacific also evident, but the tonnage profile remained in Charterers favour. There has been increased period activity, with several modern Kamsarmaxes fixed for five to eight months around $11,500. Two new buildings agreed index-linked deals, with an $11,000 floor plus profit share for two years apiece. Several similar ships concluded on one year deals too and it appeared to be the same Charterers taking multiple ships in each case. In the Atlantic, fronthaul grains continued to support the market with a constant flow of fixtures being reported, although rates again softened slightly during the week. Sources suggested tonnage on the North Continent had tightened, but this hadn’t yet been reflected in reported trades.
Supramax
The Baltic Supramax Index (BSI) continued its downward trend during the week, however, some areas showed more resilience than others. Period activity remained subdued, but a 58,000dwt vessel open Dubai was fixed for a short period at $11,500. From the Atlantic the only bright area was East Coast South America, with transatlantic runs seemingly at healthier levels. A 57,000dwt ship concluded delivery Recalada trip to Algeria at $17,000. Otherwise fresh enquiry lacked impetus, especially from the Continent-Mediterranean, with 53,000-tonner fixed delivery central Mediterranean, redelivery Arabian Gulf, at $11,000. In Asia, a similar situation saw a build-up of tonnage in the north. From Southeast Asia it was finely balanced. A 56,000dwt vessel, open Singapore, fixed a trip redelivery India with sands, at $9,000s. The Indian Ocean was active, however rates remained steady. A 55,000dwt ship fixed delivery Port Elizabeth, redelivery Far East, at $11,400 plus $140,000 ballast bonus.
Handysize
A week of continuous falls in both the Atlantic and Asian markets. Negative sentiment was evident and gained pace throughout the week. A 34,000-tonner open Veracruz was fixed basis Southwest Pass for moving petcoke to Mexico at $6,500. A similar sized vessel, open Savannah, was fixed for moving grain to Ireland at $6,000 with the same delivery. From East Coast South America, a 35,000dwt ship was paid $14,000 for delivery Recalada to Australia, and a 31,000dwt vessel was booked at $10,500 from Praia Mole to Rio Grande for a coastal run. A trip from the Black Sea to Otranto paid approximately $6,000 on a 35,000dwt ship, basis delivery Canakkale, and at low $5,000s level for a trip to East Coast South America with a steel cargo on a 37,000dwt vessel. From Asia little was reported and again rates remained under negative pressure, with a lack of fresh enquiry.
Source: The Baltic Briefing
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Friday, 10 April 20
INDIA'S BULKS SUPPLY CHAIN TAKES A HIT DURING LOCKDOWN - WOOD MACKENZIE
India is under a three-week lockdown from 25 March to contain the spread of the coronavirus outbreak. Businesses are shut, and the supply chain is ...
Thursday, 09 April 20
SUSPENSION OF WRONGFUL TRADING IN LIGHT OF COVID 19 - WF&W
KNOWLEDGE TO ELEVATE
DIRECTORS’ PERSONAL LIABILITY FOR WRONGFUL TRADING – RELIEF DURING THE CORONAVIRUS CRISIS
As the UK&rsquo ...
Wednesday, 08 April 20
LESSONS LEARNED FROM SCRUBBER INSTALLATION AND OPERATION - ABS
KNOWLEDGE TO ELEVATE
At the beginning of this year, the IMO’s global sulfur cap on marine fuels entered into force and shipowners who ch ...
Wednesday, 08 April 20
MARKET INSIGHT - INTERMODAL
With lockdown measures around the globe tightening during the last weeks of Q1, there is finally a feeling that most countries are slowly but stead ...
Tuesday, 07 April 20
SHIPPING MARKET ANALYSIS - ALLIED
With the first quarter of 2020 now firmly written in the books, it is worth examining what we have witnessed so far in the tanker market. Undoubted ...
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Showing 1021 to 1025 news of total 6871 |
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- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Gujarat Sidhee Cement - India
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- Carbofer General Trading SA - India
- Kalimantan Lumbung Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CNBM International Corporation - China
- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- Karaikal Port Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- Planning Commission, India
- Georgia Ports Authority, United States
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Aditya Birla Group - India
- ASAPP Information Group - India
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- Tata Chemicals Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- GMR Energy Limited - India
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Minerals Council of Australia
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Electricity Authority, New Zealand
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- Australian Coal Association
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Oldendorff Carriers - Singapore
- Antam Resourcindo - Indonesia
- Ministry of Transport, Egypt
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- Star Paper Mills Limited - India
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