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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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Friday, 20 September 19
INDIA TO INVITE BIDS FOR COMMERCIAL COAL MINING IN DECEMBER - MINISTER FOR COAL
India aims to begin the process of holding the first round of commercial coal mining auctions December end, Minister for Coal, Mines and Parliament ...
Friday, 20 September 19
INDIA: ECONOMIC SLOWDOWN IMPACTS COAL IMPORT CARGO IN H1 FY20 - PTI
Economic slowdown has impacted coal import cargo in the first half of this fiscal, as overall cargo growth at major ports registered a marginal gro ...
Wednesday, 18 September 19
SHIPPING MARKET INSIGHT - INTERMODAL
During the first week of September, I had the privilege of attending the Donsö Shipping Meet 2019, in Donsö, a small island of around 1,& ...
Tuesday, 17 September 19
PANAMA SHIP REGISTRY MODERNIZES SHIP REGISTRATION
The Panama Ship Registry has announced it will integrate in a single platform “Electronic Ship Registration System (ESRS)” the present ...
Tuesday, 17 September 19
THE DRY BULK FREIGHT MARKET IS ALREADY ON A DOWNWARD CORRECTION - ALLIED
Here we are again, just a breath before the final quarter of the year. Under typical circumstances and on the basis of what we have seen during the ...
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- Baramulti Group, Indonesia
- Planning Commission, India
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- Central Java Power - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- MS Steel International - UAE
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Vijayanagar Sugar Pvt Ltd - India
- Wilmar Investment Holdings
- Gujarat Mineral Development Corp Ltd - India
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- IEA Clean Coal Centre - UK
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- Energy Link Ltd, New Zealand
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- New Zealand Coal & Carbon
- Coalindo Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Georgia Ports Authority, United States
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- Aditya Birla Group - India
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- Parry Sugars Refinery, India
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- PTC India Limited - India
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Samtan Co., Ltd - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Bhushan Steel Limited - India
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
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