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Tuesday, 16 July 19
SUPRAMAX: THE ASIAN ARENA WAS SPLIT, WITH A BUILD-UP OF TONNAGE AND LACK OF ENQUIRY IN THE NORTH - BALTIC BRIEFING
Capesize
It was a Brazilian affair with a strong splash of bunkers characterising the Capesize market over the past week. Largely traded in European hours, ballaster tonnage was being secured for an ever-tightening window at the end of July. The C3 opened the week at $22.195 to close at $23.864. The lift in voyage rates across the indices on Friday was thought to have been substantially affected by the bunker market, which has been highly volatile this week, particularly in Asia, pushing vessel operating costs up. Trading activity on the West Australian C5 route was relatively mild, with sporadic trading from charterers. The route opened the week at $9.15 to close at $9.509. The Atlantic basin remains tight, although rumours for more competitive offers are being heard in trading. The C5TC continued its rise, closing out on Friday at $27,389 surpassing highs of 2018 while still looking stable and supported.
Panamax
Last Monday started very slowly with little appearing to trade anywhere. However, the market quickly continued its rapid rise as the Atlantic remained starved of early tonnage. In addition, Vale started taking multiple larger units to cover Brazilian iron ore stems to China. Talk of up to 10 vessels being taken in quick succession fanned the flames on an already bullish market, which then saw Panamaxes being taken for two laden legs with minimum durations at $20,000, redelivery in the Atlantic. The East rose steadily, but unspectacularly, until the end of the week. This was driven by Atlantic gains and the paper market, with tonnage in the South fixing South American rounds, or short period, at higher than last done. The North Pacific was subdued until the end of the week. An injection of fresh enquiry from the North Pacific and Australia then saw rates jump further, as charterers were forced to cover with no sign of the market easing in the short term.
Supramax/Ultramax
The Baltic Supramax Index (BSI) remained firmly in positive territory; this was caused by strong demand from the Atlantic. Period activity surfaced, a 63,000dwt vessel fixed delivery North China for approximately four to six months redelivery Singapore-Japan at $10,500. With a lack of fresh tonnage, rates in the Atlantic rose from East Coast South America. Supramaxes were rumoured to have fixed at close to $15,000 plus $500,000 for trips to Singapore/Japan. The Mediterranean/Black Sea also proved fruitful, a 61,000dwt ship was rumoured fixed delivery Canakkale for a trip via the Black Sea and Red Sea with redelivery in Port Said at $17,000. The US Gulf remained firm. From the Continent demand was not as intense. The Asian arena was split, with a build-up of tonnage and lack of enquiry in the North. Further south, activity remained steady. The Indian Ocean also saw better numbers, with Supramaxes seeing close to $14,000 plus $400,000 ballast bonus, delivery South Africa redelivery Singapore/Japan. The attraction from the Atlantic drew vessels away from the area.
Handysize
Overall, it was a positive week for the Baltic Handysize Index (BHSI), with Atlantic routes further improving but the Pacific basin again easing. East Coast South America and the US Gulf market remained active and brokers also suggested the tonnage list appeared to be tight from the Black Sea. On the period front, a 35,000-tonner was fixed from Rio Grande at a rate in the low $13,000s for three to five months. From East Coast South America, a coastal trip was reportedly done at $14,000 on a small-sized Handysize vessel. A trip with sugar to China paid $16,000 on a 36,000dwt ship. Otherwise, a 36,000-tonner open Norway was fixed for a trip to the US Gulf at $9,000 for the first 45 days and $11,500 thereafter. Little was reported from Asia this week.
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Sunday, 18 November 18
COAL STOCKS IN A THIRD OF NTPC PLANTS CLOSE TO NIL - FINANCIAL EXPRESS
Coal supply shortage continues to haunt NTPC, the country’s largest power generator, with latest government data showing 31% of the company&r ...
Thursday, 15 November 18
OIL MARKET REPORT: HEEDING THE WARNINGS - IEA
In last month’s Report, we noted that since the middle of the year oil supply had increased sharply, with gains in the Middle East, Russia an ...
Wednesday, 14 November 18
BIMCO ADOPTS 2020 BUNKER CLAUSES
BIMCO has developed two 2020 bunker clauses that deal with general compliance and the transitional period for an early December release.
...
Wednesday, 14 November 18
SHIPPING MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
The shipping industry is going through an interesting period across all markets. Since the end of last year, the Dry Baltic Index has been showing ...
Tuesday, 13 November 18
INDIA: POWER DEMAND UP; COAL STOCKS AT MINES AT A 5-YEAR LOW - FINANCIAL EXPRESS
Stocks at Coal India mines plunged to a five-year low of 21 million tonne (mt) in October, as a sudden surge in demand for the fuel from the power ...
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- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- Planning Commission, India
- McConnell Dowell - Australia
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
- Minerals Council of Australia
- New Zealand Coal & Carbon
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- Aboitiz Power Corporation - Philippines
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Bharathi Cement Corporation - India
- Cement Manufacturers Association - India
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Billiton Holdings Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Coalindo Energy - Indonesia
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- VISA Power Limited - India
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Riau Bara Harum - Indonesia
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- Chettinad Cement Corporation Ltd - India
- Deloitte Consulting - India
- Antam Resourcindo - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Parry Sugars Refinery, India
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Aditya Birla Group - India
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Australian Coal Association
- Attock Cement Pakistan Limited
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- SMG Consultants - Indonesia
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
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