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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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Saturday, 30 March 19
KOEN INVITES BIDS FOR 450,000 TONS OF (SUB) BITUMINOUS COAL FOR H1 AND JUNE 2019
South Korea state-owned utility KOREA SOUTH-EAST POWER CO., LTD. (KOEN) issued a tender for total 450,000 MT of min. 4300, 3500 and 5600 NCV ...
Wednesday, 27 March 19
SHIPPING MARKET INSIGHT - INTERMODAL
Contrary to the December 2018 forecasts but in line with the expectations of the dry bulk market, the first quarter of the year closed negatively. ...
Saturday, 23 March 19
IT WAS A POSITIVE WEEK FOR THE HANDY SIZE MARKET - BALTIC BRIEFING
Capesize
The big ships endured heavy losses last week extinguishing any hopes from the recent minor rally. Negative sentiment gained pace throu ...
Friday, 22 March 19
CHINA MARKET: COAL OUT IN THE COLD - BUSINESS RECORDER
Though China maintains there is no ban, China-bound Australian coal shipments are looking for a new home. For the past few months, coal cargoes are ...
Thursday, 21 March 19
PRICE PLUNGE AS CHINESE LEAVE THERMAL COAL OUT IN THE COLD - AUSTRALIAN FINANCIAL REVIEW
Thermal coal exporter New Hope Corporation says China’s shipment squeeze on Australia is putting downward pressure on prices in all markets i ...
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- Aditya Birla Group - India
- AsiaOL BioFuels Corp., Philippines
- Billiton Holdings Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Mjunction Services Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Xindia Steels Limited - India
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Singapore Mercantile Exchange
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- Kartika Selabumi Mining - Indonesia
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- Mercuria Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- The Treasury - Australian Government
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Ambuja Cements Ltd - India
- Coalindo Energy - Indonesia
- VISA Power Limited - India
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Therma Luzon, Inc, Philippines
- White Energy Company Limited
- Australian Commodity Traders Exchange
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- Planning Commission, India
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- The University of Queensland
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Energy Link Ltd, New Zealand
- Tata Chemicals Ltd - India
- SMG Consultants - Indonesia
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- Bhoruka Overseas - Indonesia
- Central Electricity Authority - India
- Independent Power Producers Association of India
- Intertek Mineral Services - Indonesia
- Indika Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- Riau Bara Harum - Indonesia
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
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