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Sunday, 23 June 19
SUPRAMAX: A 56,000-DWT WAS FIXED FROM INDONESIA TO VIETNAM AT $10,000 - BALTIC BRIEFING
Capesize
The story over the past week has been largely Atlantic dominated as the basin’s uniquely volatile characteristics came into play. Starved of tonnage for most of the year, the Atlantic basin has encountered growing demand from Brazil to China which is primarily serviced by the ballaster fleet. Those vessels in the Atlantic already have been steadily picked off for longer north Atlantic fronthauls, exacerbating the fundamentals situation. The addition of a small uptick in transatlantic business has ignited the market. Meanwhile the Pacific reached heights earlier in the week on West Australia to China C5 route of $8.00, closing the week trading last at $7.40 and looks to be steady there. With a charging Atlantic market those vessels looking to make a choice on their next business will increasingly favour the West which will likely trigger a response from the East. The C5TC market opened Monday at $14,203 and closed Friday at $17,947.
Panamax
Rates everywhere slipped throughout last week. Initially transatlantic rates held firm due to limited available tonnage, however enquiry was also thin and the recently active North coast South American front haul market had slowed, giving north Atlantic tonnage fewer options. The South American market was hit much harder with pressure on first half June positions seeing rates tumble to around $14,500 plus $450,000 ballast bonus for modern Kamsarmaxes. This compares to around $15,500 plus $550,000 ballast bonus the previous week, as the dwindling cargo volume took effect. In the East the Indonesian market was very busy to various destinations. However, there was limited support from Australasia or NoPac, meaning a steady decline in levels fixed with brokers commenting on a wide bid/offer spread all week apart from prompt positions. There were few period discussions, although a Panamax in North China agreed $11,250 for four to six months with a Japanese charterer.
Supramax
The BSI has been climbing since last Thursday and gradually back to the level last seen in early June. The Mediterranean market showed signs of improvement with more positive sentiment. However some ships were ballasting from west Mediterranean to north Brazil. Rates started to ease in east coast South America with Ultramax vessels fixing around $14,000 plus a ballast bonus of $400,000 or lower for a trip to the Far East. The US Gulf area was quiet at the beginning of the week, but with the tonnage list tightening and fair amount of cargoes circulating with end June dates, Ultramax vessels were reportedly fixed at $15,000 for a trip from Southwest Pass to Morocco or $19,500 for a trip to China. In the East, the market remained active with coal stems from Indonesia lending support. A 56,000-dwt was fixed from Indonesia to Vietnam at $10,000 and a 50,000-dwt was fixed to China at $8,000 basis Singapore delivery. A couple of short period fixtures were also reported with an Oshima 62 type new building fixing from shipyard in Japan for seven to nine months at $11,750 with redelivery worldwide.
Handysize
The highlight of the week went to the US Gulf with strong rates reported especially on the bigger-sized Handy vessels. The Gulf route index moved sharply higher with little tonnage being able to make the charterers’ cancelling date by end June, and the difference between the 38,000-dwt and the 28,000-dwt was evident and tiered. A 37,000-dwt was fixed at $13,750 from Mexico for inter-Caribbean business, and a 38,000-dwt open Houston was fixed for grain to Mexico at $12,000. A trip from Canakkale via the Black Sea paid $6,500 on a 33,000-dwt to Israel and $5,250 on a 37,000-dwt to Italy. In the Pacific, there was little reported with no sign of recovery. A 29,000-dwt open Thailand was fixed for moving sugar to Japan at $6,000.
Source: The Baltic Briefing
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Sunday, 22 December 19
NMDC DIVERSIFIES INTO COAL MINING - THE HINDU
Iron ore mining major NMDC has been allocated two coal blocks in Jharkhand for commercial mining by the Union Ministry of Coal.
Both ...
Sunday, 22 December 19
TRADING PLACES FOR 2020 - BALTIC EXCHANGE
In the sea of 2020 predictions, Saxo Bank’s Outrageous Predictions sail their own very unique course. For nearly 20 years the Danish investme ...
Saturday, 21 December 19
SUPRAMAX: A 63,000 DWT VESSEL, OPEN CIGADING, FIXED A TRIP VIA INDONESIA, REDELIVERY WEST COAST INDIA, AT $8,500 - BALTIC BRIEFING
Capesize
The Capesize market this past week has been attempting to recalibrate itself in consideration of weakening freight levels and increasi ...
Saturday, 21 December 19
SHIPPING'S SUPPLY AND DEMAND TRENDING OFF BALANCE - BIMCO
One of the most worrying trends that has developed recently – which will affect shipping demand in the years to come – is the falling t ...
Friday, 20 December 19
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
China’s benchmark power coal price remained flat during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
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- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- New Zealand Coal & Carbon
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- CNBM International Corporation - China
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- White Energy Company Limited
- Marubeni Corporation - India
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- Mercator Lines Limited - India
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Borneo Indobara - Indonesia
- Bhoruka Overseas - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- Thai Mozambique Logistica
- Minerals Council of Australia
- Cement Manufacturers Association - India
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Samtan Co., Ltd - South Korea
- Bayan Resources Tbk. - Indonesia
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Altura Mining Limited, Indonesia
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Maharashtra Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- MS Steel International - UAE
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- Orica Mining Services - Indonesia
- PowerSource Philippines DevCo
- Riau Bara Harum - Indonesia
- Global Green Power PLC Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- India Bulls Power Limited - India
- Posco Energy - South Korea
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- Sindya Power Generating Company Private Ltd
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- Central Java Power - Indonesia
- Planning Commission, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Heidelberg Cement - Germany
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Kapuas Tunggal Persada - Indonesia
- Renaissance Capital - South Africa
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- Agrawal Coal Company - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
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