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Saturday, 15 June 19
SUPRAMAX: A 58,000-TONNER, OPEN QINGDAO, WAS BOOKED TO REDELIVER IN EAST COAST INDIA AT $6,500 - BALTIC BRIEFING
Capesize
The market closed on a quiet Friday last week after a few hectic days of mid-week trading. Trade routes from Brazil to the Far East were especially busy, marking possibly the highest volume of trading out of the region this year. While Vale was heard to be present in the Brazilian trade from early on, many other traders, operators, owners and charterers were active at week’s end, pushing rates up on closing. The 5TC average opened the week at $15,007 and largely softened throughout. This was until Thursday, when the market was thought to have found a floor. Solid activity Thursday in European hours had paper markets rallying, with C3 pushing from $16.85 to $17.14. The 5TC average closed Friday at $14,203. The Pacific market saw declines throughout the week, with C5 opening at $7.732, reaching a low of $7.123, and closing out at $7.314. Constant period activity was seen this week, with rates reaching levels at mid to high teens.
Panamax
The week began with another holiday in most of Europe, a lack of transatlantic enquiry lead to rumours of some very poor voyage fixtures being concluded. Most owners turned their attention to the fronthaul market. However, by the end of the week, prompt tonnage had begun achieving better numbers within the Atlantic and the fronthaul appeared softer. South American activity continued and rates were generally steady, if a little off. With a full week for the Asian market, trade volume increased. The South was especially busy with Indonesian coal, meaning few wanted to ballast. However, as the week ended, the oversupply of tonnage saw charterers begin to cover below last done. The period market has been subdued for weeks now, but there was a rumour of a Tsuneishi newbuilding Kamsarmax covering for more than a year at something in the $13,000s, although exact details proved elusive.
Supramax
The market was largely flat at the beginning of the week due to holidays in most of the European countries on Monday. The US Gulf and East Coast South America did not show much evident improvement towards the weekend. However, rates from the Black Sea area continued the positive trend throughout. The Pacific market appeared to be quiet, with rates softening. Fixtures were reported for Indonesia loading basis delivery at loadport, whilst the Indian Ocean remained active. On the period front, a 60,000dwt vessel open North China was fixed for one year at $10,900, with redelivery worldwide. A 63,000dwt ship, open spot in Damietta, was fixed for three to five months at $11,250, with redelivery in the Atlantic.
A 56,000-tonner, open Conakry, was fixed to South Brazil at $13,250, basis North Brazil delivery. A similar-sized was paid close to $14,000 from East Coast South America to Algeria. In the East, a 63,000dwt ship, open CJK, was fixed for a steel trip, via Korea, to redeliver in the US Gulf at $3,350 for the first 60 days and $10,500 thereafter. A 58,000-tonner, open Qingdao, was booked to redeliver in East Coast India at $6,500. From the Indian Ocean, a 63,000dwt vessel was taken for moving salt to Korea at $11,500, basis Mumbai delivery, and a 55,000dwt ship was fixed for limestone cargo at $13,000 from Abu Dhabi to West Coast India.
Handysize
Despite the minor step back on Monday, the Baltic Handysize Index (BHSI) further climbed point by point. The spotlight of the week went to the US Gulf, with sources suggesting more cargoes with end June dates appearing in the Gulf area and lending support. Some brokers saw a ray of hope due to lack of tonnage, with prompt dates especially for the larger Handysized vessels. A period fixture was reported on a 37,000dwt ship, open West Africa, fixing for three to five months at $8,000, with redelivery in the Atlantic. For timecharter trips, a 37,000dwt vessel was fixed from East Coast South America to Peru at $17,500. An Imabari 28 type was fixed from the US East Coast to Rotterdam at $7,500. The Asia market remained quiet, but was described to be “crashing” with little reported.
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Wednesday, 20 November 19
FOREIGN DIRECT INVESTMENTS IN COMMERCIAL COAL MINING IN INDIA? - DIPESH DIPU
In August 2019, Government of India announced its approval for Foreign Direct Investment (FDI) for coal mining, processing and sale. Not that FDI i ...
Wednesday, 20 November 19
AUSTRALIA'S NEW HOPE POSTS 66% SURGE IN Q1 SALEABLE COAL OUTPUT - REUTERS
Australian coal producer New Hope Corp Ltd reported on Tuesday a 66% jump in saleable coal production in the first quarter, as output ramped up at ...
Wednesday, 20 November 19
THE IMO AND THE PRICE OF GAS OR THE IMPACT OF THE INTERNATIONAL MARITIME ORGANISATION'S SULPHUR 2020 LIMIT FOR MARINE FUEL OIL ON THE PRICE OF GAS - KING & SPALDING
The main bunker fuel for ships is High Sulphur Fuel Oil (HSFO, with sulphur up to 3.5% m/m (mass by mass)). This will all change on 1 January 2020 ...
Wednesday, 20 November 19
SHIPPING MARKET INSIGHT - INTERMODAL
While the market expects the next OPEC meeting, there are still no clear signs indicating that the organization will keep supporting oil prices, wh ...
Monday, 18 November 19
CHINA RECORDS STABLE COAL PRODUCTION IN JAN-OCT: XINHUA
China’s raw coal output registered stable growth in the first 10 months, while its imports remained robust, official data showed.
...
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- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Riau Bara Harum - Indonesia
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- Sical Logistics Limited - India
- PNOC Exploration Corporation - Philippines
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Cigading International Bulk Terminal - Indonesia
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Heidelberg Cement - Germany
- Karbindo Abesyapradhi - Indoneisa
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- VISA Power Limited - India
- Xindia Steels Limited - India
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Minerals Council of Australia
- Planning Commission, India
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- Global Green Power PLC Corporation, Philippines
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
- Barasentosa Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- The University of Queensland
- The Treasury - Australian Government
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- OPG Power Generation Pvt Ltd - India
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- GVK Power & Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- Timah Investasi Mineral - Indoneisa
- Bulk Trading Sa - Switzerland
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- Merrill Lynch Commodities Europe
- Ministry of Transport, Egypt
- Australian Coal Association
- Marubeni Corporation - India
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
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