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Monday, 09 September 19
ULTRAMAX: ASIA A 58,000-TONNER FIXED DELIVERY FUZHOU, VIA INDONESIA, REDELIVERY CHINA, AT $12,800
Capesize
0px The market reached new heights this week as the 5TC topped $38,014, a level not seen in the sector since 2013. Fridays 5TC closed down $732 to settle at $37,921. While this week’s surge in rates was driven by a tightening of tonnage that is able to arrive within September, a wider sector story is emerging of vessel delays being caused by docking issues. The upcoming IMO regulations, which will apply from 1 January 2020, have vessels preparing tanks to receive cleaner fuels while others are installing scrubber units to process high sulphur fuel on the go. These unusual dockings are causing delays and disruptions to tonnage flows, which is further aggravating a tight tonnage situation in parts of the market. The Pacific Basin this week experienced a surge early on due to sentiment from the West, but was otherwise relatively steady, while not particularly busy. The C5 opened the week at $10.359 to close Friday at $11.214. The Brazil to China market opened the week at $28.118, reached a high of $29.10, before closing the week out at $27.955.
Panamax
It was a largely uneventful week, with the indices drifting lower, albeit without much conviction. Sources said owners with prompt tonnage on the Continent had to reduce their ideas to find cover. However, this appeared limited to shorter duration trades, with later tonnage content to sit and wait. The North Pacific also suffered from a seasonal slump in North Pacific stems. The South continued to be reliant on the South American market, which saw Kamsarmaxes achieve as much as $20,000 from Singapore for the long round voyage. However, dips in the paper values helped to weaken sentiment, giving charterers the opportunity to step back in the hope of finding cheaper offers. Fundamentally the market appeared stable and well balanced, with any injection of South American activity likely to see rates improve once again. However, the mood had remained cautious, without clear direction during the week.
Supramax/Ultramax
Overall rates remained healthy last week. However, as the week ended, Asia rates were easing a little due to less demand. As a result, the Atlantic saw some sideways movement from East Coast South America and the eastern Mediterranean. There was still a little period activity, with a 52,000dwt ship open China covered for 9-11 months trading and redelivery worldwide at $10,750. From the Atlantic, an Ultramax fixed at $19,000 for a short period redelivery in the Atlantic. The US Gulf remained positive with an Ultramax fixing at $25,000 for a coal run to the Baltic. Activity waned a little as the week closed from the Mediterranean, but a 56,000dwt ship fixed a trip from Algeria to West Africa at $19,000. From Asia a 58,000-tonner fixed delivery Fuzhou, via Indonesia, redelivery China, at $12,800, while a 50,000dwt ship covered an Australian round delivery South China, redelivery Japan, at $13,450. The Indian Ocean still commanded good levels, with a 57,000dwt vessel fixing delivery Arabian Gulf with aggregates for a trip to Chittagong at $20,000.
Handysize
The Baltic Handysize Index (BHSI) reached its new high this week, surpassing the last peak at 676 from end October 2018. The rates in the Continent were firm, but slightly easing towards the weekend. The US Gulf and East Coast South America markets lent further support, whilst in the East, activity was fairly flat throughout the week, yet steady levels remained. On the period front, a 37,000dwt ship was fixed from the UK for four to six months at $14,250. From the Black Sea, a 35,000dwt ship was fixed at close to $18,000 for moving steels to Nigeria. A 31,000dwt vessel open in the same area was fixed for a trip to the Continent at $13,850. Large Handysize vessels were paid in the $11,000s basis Far East delivery for a CIS or North Pacific round trip. A 32,000dwt ship open in Southeast Asia was fixed at a rate in the low $10,000s for redelivery in the Singapore-Japan range.
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Wednesday, 31 July 19
SHIPPING MARKET INSIGHT - INTERMODAL
It was a fairly busy week in the dry S&P market. Despite the ease of Capesize rates which impacted Panamaxes as well, interest from potential b ...
Sunday, 28 July 19
ULTRAMAX - INDONESIAN COAL CARGOES SAW A 63,000DWT SHIP FIXING DELIVERY FOR A SOUTH CHINA TRIP VIA INDONESIA, REDELIVERY CHINA, AT $11,700 - BALTIC BRIEFING
Capesize
The market was a white knuckled ride this past week as a large downside movement shed value quickly leaving many in bewilderment. The ...
Wednesday, 24 July 19
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.27 PCT - XINHUA
China Taiyuan coal transaction price index stood at 138.78 points Monday, down 0.27 percent week on week.
The index, released by Chi ...
Wednesday, 24 July 19
SHIPPING MARKET INSIGHT - INTERMODAL
Tonnes of ink has been spent analysing the rebound of the dry bulk market the last weeks with the most representative example being the rising perf ...
Wednesday, 24 July 19
COAL'S DEMISE QUICKENS IN EUROPE AS MARKET SHIFT IDLES PLANTS - BLOOMBERG
Commodity markets are stripping away the case for coal in Europe, moving quicker than government efforts to close the most polluting power plants.
...
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- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Economic Council, Georgia
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- The University of Queensland
- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- Wilmar Investment Holdings
- International Coal Ventures Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- GAC Shipping (India) Pvt Ltd
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Rio Tinto Coal - Australia
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- Heidelberg Cement - Germany
- GVK Power & Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- MS Steel International - UAE
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- Borneo Indobara - Indonesia
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Planning Commission, India
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
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