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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
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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, 12 June 19
SHIPPING MARKET INSIGHT - INTERMODAL
This year’s tanker S&P activity keeps edging higher compared to the same period in 2018. Year to date we have seen some 143 ships, rangin ...
Tuesday, 11 June 19
INDONESIAN COAL PRICE REFERENCE SET AT $81.48 PER TON IN JUNE, DOWN 15.66 PERCENT YEAR-ON-YEAR
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down again the benchmark price of Indonesian th ...
Monday, 10 June 19
CONSECUTIVE OWNERS OF CARGO: WHO HOLDS TITLE AND THE RIGHT TO SUE? - COLIN BIGGERS & PAISLEY
KNOWLEDGE TO ELEVATE
In Tritton Resources Pty Ltd v Ever Rock Navigation S.A. [2019] FCA 276, the Federal Court considered the application of ...
Monday, 10 June 19
KOSPO INVITES BIDS FOR 1,305,000 MT OF MIN 5600 KCAL/KG NCV COAL FOR SEPT 2019 TO DEC 2021
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 435,000 MT (per year) of max 5,600 kcal/kg N ...
Sunday, 09 June 19
SUPRAMAX: ASIA LOST GROUND; THE INDIAN OCEAN SAW SLOWER ACTIVITY - BALTIC BRIEFING
Capesize
The market continued in an unusually steady ascent last week. With no major news in the market, each day improved on the last, breakin ...
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- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Borneo Indobara - Indonesia
- Coastal Gujarat Power Limited - India
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kepco SPC Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- Globalindo Alam Lestari - Indonesia
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- The University of Queensland
- Manunggal Multi Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Energy Link Ltd, New Zealand
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- European Bulk Services B.V. - Netherlands
- Chettinad Cement Corporation Ltd - India
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- Attock Cement Pakistan Limited
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- White Energy Company Limited
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- Global Business Power Corporation, Philippines
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- Siam City Cement - Thailand
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Africa Commodities Group - South Africa
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Parry Sugars Refinery, India
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- MS Steel International - UAE
- Planning Commission, India
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- Directorate Of Revenue Intelligence - India
- Sinarmas Energy and Mining - Indonesia
- Bangladesh Power Developement Board
- PTC India Limited - India
- Tata Chemicals Ltd - India
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Altura Mining Limited, Indonesia
- Dalmia Cement Bharat India
- Asmin Koalindo Tuhup - Indonesia
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
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