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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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Saturday, 30 March 19
KOEN INVITES BIDS FOR 450,000 TONS OF (SUB) BITUMINOUS COAL FOR H1 AND JUNE 2019
South Korea state-owned utility KOREA SOUTH-EAST POWER CO., LTD. (KOEN) issued a tender for total 450,000 MT of min. 4300, 3500 and 5600 NCV ...
Wednesday, 27 March 19
SHIPPING MARKET INSIGHT - INTERMODAL
Contrary to the December 2018 forecasts but in line with the expectations of the dry bulk market, the first quarter of the year closed negatively. ...
Saturday, 23 March 19
IT WAS A POSITIVE WEEK FOR THE HANDY SIZE MARKET - BALTIC BRIEFING
Capesize
The big ships endured heavy losses last week extinguishing any hopes from the recent minor rally. Negative sentiment gained pace throu ...
Friday, 22 March 19
CHINA MARKET: COAL OUT IN THE COLD - BUSINESS RECORDER
Though China maintains there is no ban, China-bound Australian coal shipments are looking for a new home. For the past few months, coal cargoes are ...
Thursday, 21 March 19
PRICE PLUNGE AS CHINESE LEAVE THERMAL COAL OUT IN THE COLD - AUSTRALIAN FINANCIAL REVIEW
Thermal coal exporter New Hope Corporation says China’s shipment squeeze on Australia is putting downward pressure on prices in all markets i ...
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- Uttam Galva Steels Limited - India
- Essar Steel Hazira Ltd - India
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Coastal Gujarat Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- Planning Commission, India
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Miang Besar Coal Terminal - Indonesia
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Indo Tambangraya Megah - Indonesia
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- Global Green Power PLC Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- Economic Council, Georgia
- Parliament of New Zealand
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- Renaissance Capital - South Africa
- White Energy Company Limited
- Mjunction Services Limited - India
- The University of Queensland
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- VISA Power Limited - India
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
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