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Friday, 03 May 19
SUPRAMAX: WITH WIDESPREAD HOLIDAYS DURING THE WEEK, THE MARKET LACKED IMPETUS - BALTIC BRIEFING
 Capesize
The market last week was a tale of two halves, with substantial volatility. Beginning the week on a positive note the C5 West Australia to China route opened mid to low $6.00s. Pushing into the holiday on Wednesday, it rose to mid $7.00s, before crashing back down to mid $6.00s by the week’s end. Volatile swings like this are a characteristic of the market but that doesn’t make it any easier to trade. Many owners in the Pacific were seen to sit out the market by Friday, looking to the week ahead where fortunes may rebound. The Atlantic basin faired similarly throughout this rollercoaster week, trading more off sentiment than solid fundaments. In the Indian basin, trades were limited, while the East Coast of India faced disruptions and closures because of the effects of tropical cyclone ‘Fani’ bringing torrential rains and winds of up to 200 km/h.
Panamax
With further disruption due to ongoing holidays, last week was a little disjointed. However, the market generally held up rather well considering. South America continued to soak up the ballasters with rates hovering around $15,500 plus $550,000 ballast bonus for modern Kamsarmaxes. Further north tonnage supply remained well balanced, fixing at levels similar to last done. Longer grain round voyages fixed at around $10,500, with vessels ballasting from the Mediterranean, but further north ships were able to achieve around $13,500 for shorter mineral trips. The holidays appeared to have a greater impact on the Pacific market, although sources suggested there were more trades concluded quietly than was immediately apparent. The period market was active again on the back of increased FFA values, particularly index-linked trades. This included talk of a package deal of four vessels, all index-linked, for five to nine months to the same Charterer.
Ultramax/Supramax
With widespread holidays during the week, the market lacked impetus. Period activity was limited, but a 56,000dwt vessel open US Gulf was fixed for three to five months, redelivery Atlantic, at $11,000. The Atlantic remained positional, from the US Gulf a 62,000dwt ship fixed a trip delivery South West Pass, via the Panama Canal, redelivery China, in the upper $22,000s. Some negative pressure was seen from the Mediterranean for Atlantic business. A 57,000-tonner reported fixed delivery Canakkale trip to Houston with cement in the mid $4,000s. It was a flat week from East Coast South America, a 61,000dwt vessel fixed at $15,000 for a trip to the UK-Continent. The Asian basin struggled, with a 55,000dwt ship fixing delivery Hong Kong trip via Indonesia, redelivery CJK, at $8,000. From South Africa a 58,000-tonner was linked to a trip to the Far East in the low $11,000’s plus around $125,000 ballast bonus. All eyes firmly set on the week ahead to see any concrete moves.
Handysize
It was a slow week in both basins due to the public holidays in many countries on Wednesday. Brokers suggested the rates slightly recovered in the Pacific, despite the holidays, as the week closed. In the Atlantic, negative sentiment remained evident from East Coast South America, with a few vessels fixing and some saying there was a buildup of tonnage. A larger Handysize vessel from the area was rumoured to have fixed at around $11,000 for two to three laden legs with Atlantic redelivery. From the Continent a 33,000dwt vessel, 2011-built, was fixed at $10,125, basis delivery Rotterdam, for a trip with scrap to the East Mediterranean. A voyage fixture of 25,000-tonnes 10% urea from Kotka to Dakar was done in the mid $25.00s, with 6,000 tonnes load and 5,000 tonnes discharge.
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Wednesday, 24 April 19
PANAMAX: IN THE EAST, THE MARKET MOVED SIDE-WAYS, WITH FEWER COAL CARGOES FROM INDONESIA PUTTING PRESSURE ON RATES - INTERMODAL
Sentiment in the Dry Bulk market slowly but steadily kept improving last week as Capesize rates remained in recovery mode and Panamax earnings also ...
Wednesday, 24 April 19
SHIPPING MARKET INSIGHT - IS THIS A BANKERS' MARKET? - INTERMODAL
Over the last 10 years, many of the traditional and top lending banks have made the decision to either downsize their portfolios or even exit shipp ...
Monday, 22 April 19
COAL INDIA TO ASK POWER PLANTS TO CUT COAL IMPORTS - DNA
Co to encourage import substitution with domestic supplies at power plants
Surge in coal imports has now forced Coal India Ltd (CIL) ...
Thursday, 18 April 19
BIMCO SEES HARD TIMES AHEAD FOR CAPESIZES
China’s increased use of scrap metal for its production of crude steel is fundamentally critical to the dry bulk shipping industry. Mostly Ca ...
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 ...
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Showing 1411 to 1415 news of total 6871 |
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- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- IEA Clean Coal Centre - UK
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Xindia Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Bhoruka Overseas - Indonesia
- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- MS Steel International - UAE
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- White Energy Company Limited
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- CNBM International Corporation - China
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Interocean Group of Companies - India
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- Georgia Ports Authority, United States
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- Singapore Mercantile Exchange
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- ICICI Bank Limited - India
- Australian Coal Association
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Economic Council, Georgia
- Trasteel International SA, Italy
- The University of Queensland
- Central Java Power - Indonesia
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- Ministry of Mines - Canada
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- Siam City Cement PLC, Thailand
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Coalindo Energy - Indonesia
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
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