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Saturday, 18 May 19
SUPRAMAX: 56,000DWT OPEN PANJANG FIXING AT $10,500 FOR A TRIP VIA INDONESIA, AND REDELIVERY CHINA - BALTIC EXCHANGE
.jpg) Capesize
The market continues to ebb and flow with a generally positive up trend. The Capesize 5TC opened with upward momentum from last week’s $11,621 and nudged to over $12,000. It then dropped to $11,705, however, by close it rallied to $11,909. West Australia to China ore run followed a similar pattern from high $6.00s, before losing 50 cents, ending the week marked around $6.50.
News was heard overnight Thursday that Brazilian miner, Vale, advised prosecutors that another dam in the State of Minas Gerais is at risk of rupturing within the following week. This prediction was based on current movements at the dam. The mine hasn’t been active since 2016, as such, iron ore market flows would not be expected to be affected. Vale has raised its level of alert for the surrounding area. While getting ahead of possible incidents with warnings and evacuations is good to hear, the market is now questioning when these dam sagas will end and business as usual can be resumed.
Panamax
A busy start to last week saw the Baltic Panamax Index (BPI) 4TC average rise steadily to over $10,000 from around $9,500 at the end of the preceding week. South America was again the main focus, with modern Kamsarmaxes now traded in excess of $16,000, plus $600,000 ballast bonus. That said, most of the reported trades had been concluded on a Dropping Outward Pilot station (DOP) basis, or, passing Singapore. A particularly well described unit achieved a high of $15,000 for the round voyage. The North Atlantic was said to be well balanced, with slight increases in transatlantic trades in line with the improved front haul rates. The Pacific market was helped greatly by South American activity, combined with a preference for trips into India. This meant rates for trades within the area jumped midweek. A lack of fresh enquiry at the end of the week had many pointing towards a correction. Nonetheless, period discussions had increased.
Supramax
The Baltic Supramax Index (BSI) started the week in upward mode, but petered out as the week closed. Limited fresh period activity surfaced, but a 52,000dwt vessel, open US Gulf, was rumoured fixed for four to six months trading, with redelivery Arabian Gulf-Japan in the $12,000s. The Atlantic saw better levels from some key areas including the US Gulf. A well described 60,000dwt ship fixing around $19,000 from here with redelivery in Japan. As the week continued, pressure was surfacing from East Coast South America, with a lack of prompt tonnage. A 53,000-tonner fixed basis delivery Up River for front haul in the high $12,000s plus high $200,000 ballast bonus. There was increased activity from the Indian Ocean, where a 63,000dwt ship fixed delivery South Africa and redelivery West Coast India at $13,400 plus $340,000 ballast bonus. Further east, it was finely balanced, with a 56,000dwt open Panjang fixing at $10,500 for a trip via Indonesia, and redelivery China, at $10,500.
Handysize
Overall, it was a week of continuous improvement in the Handysize sector. Rates started the week flat, with mixed feelings in the Atlantic basin, but the sentiment started to grow slightly more positive in the Continent-Mediterranean-Black Sea areas after the recent weeks of lower fixtures. Brokers also noticed potential signs of tightening tonnage list from East Coast South America going into next week. A 33,000-tonner open Recalada was booked for a trip to the Baltic at $8,750 early in the week. A similar-sized ship was fixed for the same delivery to Morocco at $9,000 at a later stage. On the Continent, a 38,000dwt box type was fixed from Brake to the US Gulf at $8,000. Whilst in the east, large Handysize vessels were achieving in the region of $7,000s basis Singapore delivery for round trips with Asia redelivery. It was rumoured similar levels were being fixed for China-Japan delivery and redelivery Southeast Asia.
Source: The Baltic Exchange
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Tuesday, 07 May 19
UNDOUBTEDLY A VERY TROUBLED YEAR FOR THE DRY BULK MARKET, SAYS ALLIED SHIPPING
Undoubtedly a very troubled year for the dry bulk market says Allied Shipping in its latest weekly report.
Thomas Chasapis, Re ...
Saturday, 04 May 19
HOW THE 'FAIR VALUE' OF COAL ASSETS IS AFFECTED BY COMMODITY CYCLES - CRU
As with any commodity, valuing coal assets can be tricky due to the cyclical nature of the market. In this insight, CRU discusses how commodity cyc ...
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 Australi ...
Friday, 03 May 19
COAL INDIA APRIL OUTPUT RISES 1% TO 45.29 MILLION TONNE - PTI
Coal India Ltd (CIL) Wednesday said its coal production in April 2019 rose by 1 per cent to 45.29 million tonne as compared with 44.86 million tonn ...
Sunday, 28 April 19
SUPRAMAX: A 54,000DWT VESSEL OPEN GRESIK FIXED VIA AUSTRALIA, REDELIVERY CHINA, IN THE MID $12,000S - BALTIC BRIEFING
Capesize
Following the holidays, activity increased in both the Pacific and Atlantic Basins. The 5TC average rallied, closing at $8,596, up $1, ...
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Showing 1406 to 1410 news of total 6871 |
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- Kumho Petrochemical, South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Trasteel International SA, Italy
- Agrawal Coal Company - India
- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Indogreen Group - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Maheswari Brothers Coal Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- ASAPP Information Group - India
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- Pendopo Energi Batubara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Ambuja Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- Lanco Infratech Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Videocon Industries ltd - India
- Energy Development Corp, Philippines
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
- Port Waratah Coal Services - Australia
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- Aditya Birla Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- Xindia Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- Meralco Power Generation, Philippines
- Timah Investasi Mineral - Indoneisa
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- Tata Chemicals Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- VISA Power Limited - India
- Sical Logistics Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Deloitte Consulting - India
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Minerals Council of Australia
- Central Java Power - Indonesia
- Australian Coal Association
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Planning Commission, India
- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
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