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Sunday, 13 October 19
INDONESIA: PANAMAX VESSELS OPEN SOUTH CHINA WERE REPORTEDLY FIXED AT $14,000 LEVEL, WITH REDELIVERY BACK IN CHINA - BALTIC BRIEFING
Capesize
The Capesize market managed to find a floor and rally a little this week after several weeks of declines. While the West Australia to China C5 route lifted early in the week, it once again topped out to soften by Friday. Opening the week at $9.168, the route lifted to $9.518, before closing at $9.227 by week-end. Out of Brazil, C3 managed to trade up from $22.018 to $27.782, mainly off the remaining October loading dates. C3 cargo liquidity into November is said to be less certain, with bids heard to be sparse. The Atlantic Basin is now pricing more in parity with the Pacific, with both managing an uptick in value this week. This improved sentiment was short-lived, as Friday posted a slight relaxing of rates in both Basins. The Capesize market opened the week at $23,675, to close on a down note on Friday at $26,382. Bunkers continues to play an unpredictable role in trading, while frequent discussions are now being heard as to when vessels will switch to low sulphur fuel for the impending IMO deadline.
Panamax
The BPI had an all positive week and broke the barrier of 1900 points by Friday, with both basins sharply improving. Rates from the Pacific moved up quickly, particularly for Australia-round voyages since midweek. For Indonesia loadings, Panamax vessels open South China were reportedly fixed at $14,000 level, with redelivery back in China. For trips from East Coast South America, more fixtures were reported later in the week, with rates based on retro sailing Singapore or India delivery. A 76,000dwt ship was fixed for a fronthaul run from East Coast South America at a rate in the mid $16,000s, plus mid $600,000 ballast bonus, and a similar size did a similar trip at $15,000 basis Indonesia delivery and Japan redelivery. The Atlantic market also climbed with some optimism as brokers reported tight tonnage lists, especially in the Continent. On the period front, a Kamsarmax was fixed in the mid $13,000s basis delivery South China for eight to eleven months and mid $14,000s basis delivery Singapore.
Supramax/Ultramax
Overall the Baltic Supramax Index (BSI) remained in positive territory. Period interest was limited, with gaps between Owners’ and Charterers’ ideas. From the Atlantic, as the week closed with stronger demand in the Kamsarmax, rates were beginning to improve for the Ultramax sizes, but limited fresh information surfaced. A 55,000dwt vessel traded at around $18,000 for a transatlantic run delivery East Coast South America. Elsewhere there was little fresh enquiry from the US Gulf, and with a steady supply of tonnage the area was finely balanced. Downward pressure was also seen from the East Mediterranean, again with a steady supply of tonnage. The Asian arena fared better, with tonnage remaining tight. A 52,000dwt ship open Villanueva fixed a trip via Indonesia to West Coast India at $14,000. From the Indian Ocean, an Ultramax covered delivery South Africa trip to Sri Lanka at $13,250 plus $325,000 ballast bonus.
Handysize
A lacklustre week for the Handysize market, with many routes losing ground. However, as the week closed some saw more positive signs. From East Coast South America, a 45,000dwt ship was linked to a transatlantic run in the mid $17,000s, and a 36,000-tonner was rumoured fixed at $20,000 for a trip to West Coast South America. From the North Coast South America, a 30,000dwt ship was reported fixed for a trip to Norway in the high $14,000s. With the holiday at the beginning of the week, the Asian arena also closed with positive signs. A 37,000dwt ship open Jakarta fixing for two to three laden legs at $10,000. Earlier in the week a Handysize open North Vietnam was fixed for a trip to China with clinker at $9,000. It remains to be seen if the positive moves continue in the coming week.
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Tuesday, 14 January 20
MABUX: BUNKER MARKET THIS MORNING, JAN.14
MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) in the main world hubs) changed insignificant and i ...
Tuesday, 14 January 20
SHIPPING MARKET ANALYSIS - ALLIED SHIPBROKING
Uncertainty in the global geopolitical sphere seems to have not come to an end along with 2019, as 2020 commenced with renewed tensions between the ...
Tuesday, 14 January 20
DRY BULK MARKET: "THIS IS NOT THE END OF COAL" SAYS IEA - BALTIC EXCHANGE
A historic drop in coal-fired electricity generation will not sway global coal demand from its upward trajectory through to 2024, though growth wil ...
Saturday, 11 January 20
ARE YOU 95% CONFIDENT THAT YOUR VERY LOW SULPHUR FUEL IS ON SPEC AND MARPOL COMPLIANT? - GARD
KNOWLEDGE TO ELEVATE
Bunker fuel is a commodity and, like all commodities, is produced and sold according to specifications. Bunkers are usual ...
Saturday, 11 January 20
NEW PRICING COULD SPELL TROUBLE FOR CHINA'S COAL SECTOR - CHINA DIALOGUE
Benchmark coal tariffs have been the foundation of China’s electricity pricing since 2004 but this mechanism was replaced on January 1 with a ...
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- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- Planning Commission, India
- Karaikal Port Pvt Ltd - India
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- ICICI Bank Limited - India
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Authority, New Zealand
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Generating Authority of Thailand
- Minerals Council of Australia
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Coastal Gujarat Power Limited - India
- Sakthi Sugars Limited - India
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- PTC India Limited - India
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- Interocean Group of Companies - India
- VISA Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- London Commodity Brokers - England
- Bukit Baiduri Energy - Indonesia
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Petron Corporation, Philippines
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Aditya Birla Group - India
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- White Energy Company Limited
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Bhatia International Limited - India
- Malabar Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
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