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Sunday, 09 June 19
SUPRAMAX: ASIA LOST GROUND; THE INDIAN OCEAN SAW SLOWER ACTIVITY - BALTIC BRIEFING
.jpg) Capesize
The market continued in an unusually steady ascent last week. With no major news in the market, each day improved on the last, breaking with the recent boom bust volatility. Owners appear to be less inclined to overplay their hand, while taking the smaller improvements as they come, in what appears to be a sustainable market. The Cape 5TC opened the week at $12,987 and closed out Friday at $15,007. The West Australia C5 route opened the week at $7.223 to close at $7.732, with timecharter rates in the Pacific pushing up respectively, if not more so. The Atlantic, while still minimal on activity, lifted up on the C3 Brazil to China route, with a return of Vale having market requirements. Fronthaul levels lifted approximately $4,500 to close Friday at $29,227 as tonnage tightness takes its toll coming into the later stages of Q2.
Panamax
Despite being a disrupted week, with several holidays in the East, rates in the Pacific appeared to resist the negative sentiment emanating from other areas. There was a surprising volume of fixing spread across the various load areas. The North Pacific saw a steady trickle of enquiry, but minerals from Australia and Indonesia were more dominant. However, the index softened slightly throughout the week. The Atlantic began the week supported by an active North Coast South America fronthaul market, which took a good number of Atlantic delivery ships at between $19,000 and $19,500, basis Gibraltar, to the East. However, the lack of fresh transatlantic stems eventually told, with rates under a great deal of pressure at the end of the week. Talk of a Panamax concluded below $7,000 for a Baltic round. While a spot Kamsarmax in the US Gulf, waiting for two weeks for a coal cargo, did little to settle owner’s nervousness.
Supramax
It was a lacklustre week overall, with the Baltic Supramax Index (BSI) losing ground. This was not helped by the widespread holidays. Period activity was limited, but a 62,000dwt ship was fixed delivery Arabian Gulf, for three to five months trading at $12,500. The Atlantic started the week positively, however, as it progressed, a build-up of tonnage supply changed sentiment. The US Gulf lost ground, with a 56,000dwt vessel fixing for a transatlantic run to Egypt at $12,500. East Coast South America fared better, but rates started to trade sideways. A 57,000dwt ship was covered at $14,000, delivery Recalada, for a trip to the Mediterranean. From the Mediterranean, a 56,000-tonner fixed delivery Greece, with redelivery in West Africa at $9,250. Asia lost ground, with a 63,000dwt vessel, open CJK, fixing at $8,000 for an Australian round. The Indian Ocean saw slower activity than of late, a 56,000-tonner, open Mundra, fixing a trip to East Coast India-Bangladesh at $12,150.
Handysize
The Baltic Handysize Index (BHSI) continued climbing. Minor daily improvements maintained the index in the positive territory. In the Atlantic, a 34,000dwt ship was fixed from Southwest Pass to Algeria, with grains, at a rate in the low $7,000s. A 32,000dwt vessel, open spot in Algeria, was booked for moving fertilisers to South Brazil at $5,000, basis delivery Casablanca. A 35,000-tonner was linked to a trip to Otranto at $7,800, basis delivery Dneprobugsky. It was a short week in the Pacific, with public holidays in Singapore, Korea and China during midweek. Early in the week, medium to large handysize vessels were reportedly fixed for loading from Australia, at $11,000 basis Kwinana, to Indonesia, or, $8,000 basis South China to Japan. A 39,000dwt ship, open CJK, was fixed, and failed, on subjects for some business within the Pacific at $8,000, but the details were not clear. A 28,000-tonner, open Jebel Ali, was fixed for moving urea, via Ruwais, to Kosichang at $6,025.
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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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- Central Electricity Authority - India
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- Power Finance Corporation Ltd., India
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- The University of Queensland
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- Rio Tinto Coal - Australia
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mjunction Services Limited - India
- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Riau Bara Harum - Indonesia
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Wilmar Investment Holdings
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- Planning Commission, India
- SMG Consultants - Indonesia
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Australian Coal Association
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Posco Energy - South Korea
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Independent Power Producers Association of India
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Petron Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Kapuas Tunggal Persada - Indonesia
- PTC India Limited - India
- Baramulti Group, Indonesia
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- SN Aboitiz Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- Deloitte Consulting - India
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- GMR Energy Limited - India
- Ministry of Finance - Indonesia
- International Coal Ventures Pvt Ltd - India
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Mercator Lines Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- Electricity Generating Authority of Thailand
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- Kobexindo Tractors - Indoneisa
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