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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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Thursday, 24 October 19
AUSTRALIA'S HOPES TO EXPAND COAL EXPORTS IN SOUTH-EAST ASIA 'DELUSIONAL', EXPERTS SAY - THE GUARDIAN
The number of new coal-fired power plants starting construction across south-east Asia has fallen markedly over the past two years as Australia has ...
Thursday, 24 October 19
PANAMAX: NEGATIVE SENTIMENT IN THE MARKET AS IT CONTINUES TO WEAKEN - FEARNLEYS
Capesize
The market has continued to slide the last week, as lack of fresh requirements and a slight oversupply of tonnage heading towards Sout ...
Wednesday, 23 October 19
CHINA'S 2019 COAL IMPORTS SET TO RISE MORE THAN 10%: ANALYSTS - REUTERS
China, the world’s top coal buyer, is on track to boost imports of the fuel by more than 10% this year, traders and analysts said on Tuesday, ...
Wednesday, 23 October 19
SHIPPING MARKET INSIGHT - INTERMODAL
Moving closer to the end of the year, we are facing what the market was expecting for quite a while, the ship repair sector booming with the shipya ...
Tuesday, 22 October 19
DRY BULK: DESPITE THE DOWNWARD CORRECTION NOTED OVER THE PAST MONTH, RATES ARE STILL HOLDING OFF AT FAVORABLE LEVELS - ALLIED SHIPPING
Despite the downward correction that has been noted in the dry bulk market over the past month, rates are still holding off at favorable levels. Ev ...
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- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Mjunction Services Limited - India
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- Minerals Council of Australia
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Binh Thuan Hamico - Vietnam
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- PTC India Limited - India
- Interocean Group of Companies - India
- Planning Commission, India
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Romanian Commodities Exchange
- McConnell Dowell - Australia
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- Barasentosa Lestari - Indonesia
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- ASAPP Information Group - India
- Gujarat Mineral Development Corp Ltd - India
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- PowerSource Philippines DevCo
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- Australian Coal Association
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Sakthi Sugars Limited - India
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
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