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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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Wednesday, 17 April 19
ONCE AGAIN WE FACED WITH THE SITUATION OF THE DRY BALTIC INDEX BEING BELOW 1,000 POINTS - INTERMODAL
Once again we are faced with the situation of the Dry Baltic Index being below 1,000 points. In a market where the feeling of insecurity is almost ...
Wednesday, 17 April 19
LNG WESTERN AFRICA CONFERENCE 2019
The only LNG Focus Platform to Accelerate Investment and Cooperation in Western African Countries
LNG Western Africa Conference 2019 ...
Saturday, 13 April 19
IMO 2020 - DON'T SCRUB IT! - IVAR MYKLEBUST
KNOWLEDGE TO ELEVATE
Höegh Autoliners stands firm on its decision not to implement scrubbers but comply with the IMO 2020 regulations by ...
Friday, 12 April 19
OIL MARKET REPORT: MIXED SIGNALS - IEA
The huge increase in oil production we saw in 2H18 has reversed following the implementation of the new Vienna Agreement and the increasing effecti ...
Friday, 12 April 19
OFFSHORE MENA CONGRESS 2019
Offshore MENA Congress 2019
Event Date : 11-12th Jun. 2019
Location : Cairo, Egypt
Offshore MENA Congress 2019 Offshor ...
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Showing 1416 to 1420 news of total 6871 |
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- Salva Resources Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Goldman Sachs - Singapore
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Agrawal Coal Company - India
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Anglo American - United Kingdom
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Grasim Industreis Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Thiess Contractors Indonesia
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- Planning Commission, India
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Uttam Galva Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- Simpson Spence & Young - Indonesia
- Kartika Selabumi Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
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