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Sunday, 11 August 19
ULTRAMAX: A 58,000DWT VESSEL OPEN KEMAMAN FIXED FOR TWO TO THREE LADEN LEGS, REDELIVERY SINGAPORE-JAPAN, AT $12,250 - BALTIC BRIEFING
Capesize
With typhoon Lekima gathering pace, numerous China ports were closed by the end of the week and will likely be for two to three days. In addition to this, the national holiday in Singapore gave a weaker trend to the rates, which all lost value during most of the week before bouncing back up a bit on Friday. By week’s end, the West Australia to China route was being rated around the $9.25 level, as rumours flowed this level had been fixed for end August dates. Brazil to China was hovering around low to mid $21’s after Vale had taken a number of vessels at this level. The Cape 5TC was published at $24,022. With a further holiday in Singapore on Monday it remains to be seen where the levels go.
Panamax
The beginning of last week saw rates continuing to slide everywhere. However, sentiment soon turned, driven by the limited available tonnage on the North Continent, as many Charterers scrambled to find suitable cover. The transatlantic index rose by almost $2,000, although many felt the reality was much higher. Rates for shorter mineral trips traded at around $20,000 on Panamax and $22,500 on Kamsarmaxes. South American grain activity also increased, with owners able to increase offers due to renewed optimism. A Kamsarmax reported fixed at the end of the week at $17,700 plus $770,000 ballast bonus for end August dates. With sentiment driving the FFA market higher, the East also benefitted. Despite the North Pacific remaining fairly quiet, mineral trades from Indonesia and Australia were again the driving force, combined with the option of longer round voyages via South America.
Supramax/Ultramax
As the week progressed, sentiment across both Basins rose positively on the back of stronger demand and tighter tonnage availability. Limited period activity surfaced, with a couple of 58,000dwt ships open Baltic-Mediterranean areas being placed on subjects for short period. From the Atlantic, demand grew from East Coast South America, a 62,400dwt vessel being covered at $17,000 plus $700,000 ballast bonus for a trip to Chittagong. In the US Gulf a 64,000-tonner was rumoured to have covered a trip to Turkey at close to $17,000. Activity from the Mediterranean increased, a 57,000dwt ship covering delivery Canakkale via the Black Sea, redelivery Southeast Asia at $21,750. It was a lacklustre start from the Asian arena, but as the week closed better numbers were being discussed. A 58,000dwt vessel open Kemaman fixed for two to three laden legs, redelivery Singapore-Japan, at $12,250. The Indian Ocean tightened, with a 62,200-tonner fixing delivery South Africa trip to Singapore-Japan at $14,000 plus $400,000 ballast.
Handysize
The market was described to be stable at the start of the week, with an evident gap between owners and charterers in both basins. The Continent and East Coast South America began to improve since the middle of the week, however, the picture for the US Gulf remained unclear. From East Coast South America, costal trips paid $14,000 on a 36,000dwt ship and $18,750 on a 33,000dwt ship for moving steels to Lagos. In the East, most of the stems with first half August dates were covered and the market was expecting more orders from the Arabian Gulf or Australia with later dates. Overall rates from the Pacific softened with a lack of volume lending support. On the period front, a 37,000dwt vessel open East Australia was fixed for three to five months with redelivery in the Atlantic at a rate in the high $9,000s plus an undisclosed ballast bonus. A 34,000-tonner open West Mediterranean was fixed in the $10,000s for four to six months.
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Monday, 18 November 19
SUPRAMAX: IN THE INDONESIAN COAL BUSINESS, A 58KDWT VESSEL FIXED DELIVERY PHILIPPINES, REDELIVERY INDIA AT CLOSE TO $8,000 - BALTIC BRIEFING
Capesize
For most of the week the rates were nudging up under a flurry of activity in the Pacific as levels for the West Australia to China C5 ...
Saturday, 16 November 19
LIFE AFTER FOSSIL FUELS: THE DAYS OF OIL AND COAL TRANSPORTATION ARE NUMBERED - BALTIC EXCHANGE
With the world fiercely focused on a decarbonised future, fossil fuel movers and traders might rightly be reconsidering their future. But cast a wi ...
Saturday, 16 November 19
OIL MARKET REPORT: PAUSING TO REFLECT - IEA
Global oil demand in 3Q19 increased by 1.1 mb/d year-on-year (y-o-y), more than double the 435 kb/d seen in 2Q19. China’s demand increased by ...
Friday, 15 November 19
RISING ENERGY DEMAND IN SOUTHEAST ASIA TO BE MET AND SUPPORTED BY COAL - WORLD COAL
Last week the International Energy Agency (IEA) released its semi-annual Southeast Asia Energy Outlook report which outlines the latest insights in ...
Thursday, 14 November 19
EIA EXPECTS U.S. STEAM COAL EXPORTS TO FACE INCREASING COMPETITION FROM EASTERN EUROPEAN SOURCES
EIA expects total U.S. coal production in 2019 to total 698 million short tons (MMst), an 8% decrease from the 2018 level of 756 MMst. The decline ...
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- Commonwealth Bank - Australia
- The Treasury - Australian Government
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Parliament of New Zealand
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Java Power - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Mjunction Services Limited - India
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- Power Finance Corporation Ltd., India
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- Australian Coal Association
- Samtan Co., Ltd - South Korea
- Kapuas Tunggal Persada - Indonesia
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- The University of Queensland
- London Commodity Brokers - England
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- VISA Power Limited - India
- Coal and Oil Company - UAE
- Kaltim Prima Coal - Indonesia
- White Energy Company Limited
- Energy Development Corp, Philippines
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Ind-Barath Power Infra Limited - India
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- Indo Tambangraya Megah - Indonesia
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Goldman Sachs - Singapore
- Toyota Tsusho Corporation, Japan
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Baramulti Group, Indonesia
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- Sical Logistics Limited - India
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- Mercator Lines Limited - India
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- Wilmar Investment Holdings
- Tata Chemicals Ltd - India
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- MS Steel International - UAE
- Planning Commission, India
- PowerSource Philippines DevCo
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
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