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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, 08 November 17
COAL MARKETS WERE MIXED; COKING COAL EKING OUT SOME GAINS; THERMAL COAL STRUGGLING - DANIEL HYNES
Coal markets were mixed, with coking coal eking out some gains, while thermal coal struggled amid the falling oil prices, ANZ Strategist said in a ...
Wednesday, 08 November 17
WEEKLY SHIPPING MARKET INSIGHT
If you are a dry bulk owner today you are definitely feeling the pressure of the past couple of years off and given the admittedly unexpected growt ...
Wednesday, 08 November 17
NEW QUAY OPENED AT THE INDUSTRIAL PORT IN BREMEN,GERMAN
Press Release: After a building period lasting three-and-a-half years, the port logistics firm Weserport, the “bremenports” comp ...
Tuesday, 07 November 17
ING JOINS FORCES ON BLOCKCHAIN-BASED PLATFORM FOR ENERGY COMMODITIES SECTOR
Blockchain technology. It’s often been described as the most important invention in computing in a generation.
So it should come as no s ...
Tuesday, 07 November 17
MECHEL SIGNED LONG-TERM COAL SUPPLY CONTRACT WITH ITOCHU CORPORATION
Mechel PAO a leading Russian mining and metals company, reports signing a framework agreement with a major Japanese universal trading company Itoch ...
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Showing 1886 to 1890 news of total 6871 |
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- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- Star Paper Mills Limited - India
- Samtan Co., Ltd - South Korea
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- Sical Logistics Limited - India
- Mercuria Energy - Indonesia
- Planning Commission, India
- Cement Manufacturers Association - India
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Thiess Contractors Indonesia
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- Coastal Gujarat Power Limited - India
- Petron Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Australian Coal Association
- PTC India Limited - India
- India Bulls Power Limited - India
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Meralco Power Generation, Philippines
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- The Treasury - Australian Government
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- Siam City Cement PLC, Thailand
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- Central Electricity Authority - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Parliament of New Zealand
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Toyota Tsusho Corporation, Japan
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- Vedanta Resources Plc - India
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Indonesian Coal Mining Association
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