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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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Monday, 08 April 19
SULPHUR 2020 - COUNTDOWN TO THE SWITCHOVER - LLOYD'S REGISTER
Sulphur 2020 (MARPOL Annex VI Reg. 14.1.3) is still dominating headlines and as we draw closer to the 1 January 2020 deadline it’s clear that ...
Monday, 08 April 19
INDONESIAN COAL PRICE REFERENCE PRICE PLUMMETS TO LOW NOT SEEN SINCE AUGUST 2017
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
Sunday, 07 April 19
SHIP PASSAGE PLANS - NO ROOM FOR ERROR! - WATSON FARLEY & WILLIAMS
KNOWLEDGE TO ELEVATE
The English High Court’s judgment in Alize 1954 v Allianz Elementar Versicherungs AG (The CMA CGM Libra) is an impo ...
Sunday, 07 April 19
IMO 2020: READY OR NOT? - WOOD MACKENZIE
New Year’s Day 2020 is firmly marked in the calendar as the refining and shipping industries prepare for change.
The International Marit ...
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 ...
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Showing 1431 to 1435 news of total 6871 |
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- AsiaOL BioFuels Corp., Philippines
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- Kapuas Tunggal Persada - Indonesia
- Trasteel International SA, Italy
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
- Ministry of Transport, Egypt
- IEA Clean Coal Centre - UK
- Metalloyd Limited - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- Oldendorff Carriers - Singapore
- Antam Resourcindo - Indonesia
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Binh Thuan Hamico - Vietnam
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- Orica Australia Pty. Ltd.
- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Essar Steel Hazira Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Indian Oil Corporation Limited
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Economic Council, Georgia
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
- Central Java Power - Indonesia
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- The Treasury - Australian Government
- VISA Power Limited - India
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Grasim Industreis Ltd - India
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- The University of Queensland
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- Jindal Steel & Power Ltd - India
- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Planning Commission, India
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Manunggal Multi Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- ICICI Bank Limited - India
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
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