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Monday, 23 September 19
SUPRAMAX: THE ASIAN ARENA IT WAS A SLOW START, BUT DEMAND INCREASED AS THE WEEK WENT ON - BALTIC BRIEFING
.jpg) Capesize
The market trended down over this past week, breaking the market out of its upward trending range. While the market traded sideways at the beginning of this past week, it was unable to build any upward momentum and broke to the downside midweek. Brazil to China C3 opened the week at $25.89 to close out Friday at $23.705, while West Australia to China C5 opened at $10.923 to close at $9.145. Trade activity was moderate throughout the week in the Atlantic, while quieter in the Pacific. Bunker pricing for traders was a wild ride this week as fuel markets absorbed possible scenarios of war risk footing in the Persian Gulf. Prices lifted drastically leaving many to back off trades and wait for the situation to calm. Rates did reduce but are still at elevated levels. The 5TC opened the week at $33,996 to close at $31,470. While there was some talk of a floor being reached, Fridays drop of -$1301 momentum looks still to the downside.
Panamax
The week began with small increases in the Atlantic indices, but this was soon reversed, and the losses accelerated as the week wore on. There was healthy fixing volume for both transatlantic and fronthaul trips, but the earlier tonnage was forced to reduce their offers to find cover. Brokers felt October positions looked more balanced. The Pacific drifted lower all week, with vessels in the North forced to ballast South. The South American market was not providing its normal support, with charterers concentrating on taking tonnage delivery Arrival Pilot Station (APS) below last done levels. There was hope of a possible surge in fixing this week, prior to Golden Week, but this was the only positive from the week. Very little period trading was reported, although a modern Panamax did fix for a year at $12,500 basis delivery prompt in Japan.
Supramax/Ultramax
A mixed week overall for the Baltic Supramax Index (BSI), which started in negative mode but as the week closed the trend slowed. Limited period activity was reported, many waiting to see a clearer direction in the market. An Ultramax was covered from the Continent for a short period at $20,000, redelivery worldwide. From the Atlantic, demand waned from East Coast South America, whilst stronger levels were noted from the Mediterranean. A 55,000dwt vessel fixed delivery for a central Mediterranean trip via the Black Sea, redelivery Southeast Asia, at $27,500. From the US Gulf Ultramaxes were seeing in the upper $20,000s for trans-Atlantic runs. From the Asian arena it was a slow start, but demand increased as the week went on. A 61,000dwt ship open Indonesia fixed a trip via Australia, redelivery Japan, at $17,000. A 53,000-tonner, open Chittagong, was fixed for a trip via East Coast India, redelivery China, at $15,000. All eyes fixed forward to see the following week’s direction.
Handysize
The Baltic Handysize Index (BHSI) stayed still at 691 for the first four days of the week and eventually improved a point by Friday. Overall the sentiment in the Atlantic remained positive, with East Coast South America slightly improving. The rates from the Pacific continued to ease as limited volume lent support to the fixing level, especially for second half September dates cargo. On the period front, a 32,000dwt vessel, open Uddevalla in mid-September, was fixed at $11,500, with redelivery in the Atlantic. A 33,000-tonner open Lagos was fixed via East Coast South America for a trip to the Persian Gulf at $24,000, intention petcoke. A 33,000dwt ship open Oran was fixed to run via North France and redeliver in Algeria in the mid $11,000s. In the East, a 28,000dwt vessel open Ho Chi Minh city was fixed for a trip to CJK at a rate in the high $8,000s. A 33,000dwt ship open North China and a 38,000dwt ship open South Korea were both fixed for a Pacific trip at $9,000 and $11,500 respectively, possibly with steels.
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Sunday, 22 December 19
NMDC DIVERSIFIES INTO COAL MINING - THE HINDU
Iron ore mining major NMDC has been allocated two coal blocks in Jharkhand for commercial mining by the Union Ministry of Coal.
Both ...
Sunday, 22 December 19
TRADING PLACES FOR 2020 - BALTIC EXCHANGE
In the sea of 2020 predictions, Saxo Bank’s Outrageous Predictions sail their own very unique course. For nearly 20 years the Danish investme ...
Saturday, 21 December 19
SUPRAMAX: A 63,000 DWT VESSEL, OPEN CIGADING, FIXED A TRIP VIA INDONESIA, REDELIVERY WEST COAST INDIA, AT $8,500 - BALTIC BRIEFING
Capesize
The Capesize market this past week has been attempting to recalibrate itself in consideration of weakening freight levels and increasi ...
Saturday, 21 December 19
SHIPPING'S SUPPLY AND DEMAND TRENDING OFF BALANCE - BIMCO
One of the most worrying trends that has developed recently – which will affect shipping demand in the years to come – is the falling t ...
Friday, 20 December 19
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
China’s benchmark power coal price remained flat during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
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- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dalmia Cement Bharat India
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- Ambuja Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- Therma Luzon, Inc, Philippines
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- Attock Cement Pakistan Limited
- Australian Coal Association
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Star Paper Mills Limited - India
- AsiaOL BioFuels Corp., Philippines
- Posco Energy - South Korea
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Economic Council, Georgia
- Parry Sugars Refinery, India
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Minerals Council of Australia
- Bhatia International Limited - India
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- Chettinad Cement Corporation Ltd - India
- Mercuria Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Electricity Authority, New Zealand
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- MS Steel International - UAE
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bhushan Steel Limited - India
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- Gujarat Mineral Development Corp Ltd - India
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- VISA Power Limited - India
- Altura Mining Limited, Indonesia
- Planning Commission, India
- Coalindo Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- SMC Global Power, Philippines
- Cigading International Bulk Terminal - Indonesia
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Renaissance Capital - South Africa
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- The University of Queensland
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
- Thai Mozambique Logistica
- Global Green Power PLC Corporation, Philippines
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Indika Energy - Indonesia
- GMR Energy Limited - India
- Indo Tambangraya Megah - Indonesia
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- White Energy Company Limited
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Agrawal Coal Company - India
- Energy Development Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Xindia Steels Limited - India
- Carbofer General Trading SA - India
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
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