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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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Tuesday, 20 December 16
TURNAROUND IN CHINESE ECONOMY HAS INTENSIFIED RECENTLY, SAYS COMMODORE RESEARCH
According to the most recent Weekly China Report published by Commodore Research, it has remained encouraging that the turnaround in China’s ...
Monday, 19 December 16
U.S. WEEKLY COAL PRODUCTION DOWN 3.1% PERCENT WEEK ON WEEK
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.8 million short ton ...
Monday, 19 December 16
THE FREIGHT MARKET WAS CONTINUING TO SOFTEN
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continually decline this past week and ending on a negati ...
Thursday, 15 December 16
SUPRAMAXES ARE ACHIEVING AROUND HIGH USD 7K FOR INDO/CHINA COAL ROUNDS - FEARNLEY
Supramax
Pacific has been relatively quiet this week, with some softening signs.
Supramaxes are achieving around high USD 7k for Indo/China ...
Wednesday, 14 December 16
INTERNATIONAL TRIBUNAL DISMISSED CHURCHILL MINING'S DAMAGES CLAIM AGAINST REPUBLIC OF INDONESIA
The Directors of Churchill Mining plc advise that, the ICSID Tribunal (“Tribunal”) granted Indonesia’s application to dismiss the ...
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Showing 2176 to 2180 news of total 6871 |
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- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Economic Council, Georgia
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- Minerals Council of Australia
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Thai Mozambique Logistica
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
- GAC Shipping (India) Pvt Ltd
- Indo Tambangraya Megah - Indonesia
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- Planning Commission, India
- SMG Consultants - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- SN Aboitiz Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- Aditya Birla Group - India
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Wilmar Investment Holdings
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- IHS Mccloskey Coal Group - USA
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Asmin Koalindo Tuhup - Indonesia
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- Interocean Group of Companies - India
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- VISA Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Uttam Galva Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- Alfred C Toepfer International GmbH - Germany
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- Singapore Mercantile Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- ASAPP Information Group - India
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