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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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Saturday, 06 April 19
SUPRAMAX: IT WAS A POOR WEEK OVERALL FOR THE BALTIC SUPRAMAX INDEX, WHICH LOST GROUND - BALTIC BRIEFING
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 ...
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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Showing 1436 to 1440 news of total 6871 |
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- London Commodity Brokers - England
- India Bulls Power Limited - India
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Australian Coal Association
- Sojitz Corporation - Japan
- Formosa Plastics Group - Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- PowerSource Philippines DevCo
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Sree Jayajothi Cements Limited - India
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Ministry of Mines - Canada
- Savvy Resources Ltd - HongKong
- Barasentosa Lestari - Indonesia
- Mjunction Services Limited - India
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Iligan Light & Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- VISA Power Limited - India
- Rio Tinto Coal - Australia
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Thiess Contractors Indonesia
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Bulk Trading Sa - Switzerland
- Maharashtra Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- Parliament of New Zealand
- Simpson Spence & Young - Indonesia
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- Planning Commission, India
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- Bhushan Steel Limited - India
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
- Videocon Industries ltd - India
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- Tata Chemicals Ltd - India
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