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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, 13 February 19
SHIPPING MARKET INSIGHT - INTERMODAL
If there is one word that can describe the current shipping environment then that this word is most probably “volatility.” The sentimen ...
Saturday, 09 February 19
SUPRAMAX: A 63,000-TONNER WAS REPORTED FIXED DELIVERY FOR AN EAST KALIMANTAN TRIP, REDELIVERY WEST COAST INDIA, AT $9,250 - THE BALTIC BRIEFING
Cape
The Vale disaster weighed heavily on the market for big ships, with uncertainty about shipments/future exports leading to a sharp drop in ...
Friday, 08 February 19
LOWER-QUALITY INDONESIA EXPORTS ROSE 39 MT IN 2018 YOY PRIMARILY IN RESPONSE TO INCREASED DEMAND FROM CHINA AND INDIA - PEABODY
"Underlying seaborne met and thermal coal conditions remain quite positive and the pace of U.S. coal-fueled power plant retirements is expecte ...
Thursday, 07 February 19
QATAR CAN GAIN FROM DECLINING COAL - THE PENINSULA
With North America and Europe closing down their old coal and nuclear plants, major gas exporters like Qatar can and should gain market share. With ...
Wednesday, 06 February 19
FEBRUARY 2019 INDONESIA'S COAL REFERENCE PRICE FELL 8.83 PERCENT YOY
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down again the benchmark price of Indonesian th ...
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- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- PTC India Limited - India
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- Rio Tinto Coal - Australia
- The University of Queensland
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- Formosa Plastics Group - Taiwan
- Holcim Trading Pte Ltd - Singapore
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- IEA Clean Coal Centre - UK
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ambuja Cements Ltd - India
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- Grasim Industreis Ltd - India
- Planning Commission, India
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
- Essar Steel Hazira Ltd - India
- SMG Consultants - Indonesia
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- White Energy Company Limited
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- Medco Energi Mining Internasional
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- Cigading International Bulk Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Romanian Commodities Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
- Mjunction Services Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- Global Green Power PLC Corporation, Philippines
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Independent Power Producers Association of India
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- Malabar Cements Ltd - India
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Transport, Egypt
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
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