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Sunday, 23 June 19
SUPRAMAX: A 56,000-DWT WAS FIXED FROM INDONESIA TO VIETNAM AT $10,000 - BALTIC BRIEFING
.jpg) 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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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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- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Trasteel International SA, Italy
- Agrawal Coal Company - India
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- New Zealand Coal & Carbon
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- Mjunction Services Limited - India
- Mercator Lines Limited - India
- Riau Bara Harum - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- Ministry of Finance - Indonesia
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- ICICI Bank Limited - India
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- Economic Council, Georgia
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- ASAPP Information Group - India
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Australian Coal Association
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- The University of Queensland
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Vedanta Resources Plc - India
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- Indogreen Group - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- Latin American Coal - Colombia
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