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Monday, 21 October 19
ULTRAMAX: IN ASIA, TRIPS FROM THE SINGAPORE AREA WERE PAYING BETWEEN $14,000 AND $16,000, DEPENDING ON THE VESSEL SIZE AND DURATION - BALTIC BRIEFING
Capesize
The market traded in a relatively stable supported manner in the Pacific this week while the Atlantic experienced weakening turbulence. Fixture activity was strong in both basins with trade executed generally on a voyage priced basis. The 5TC opened the week at $26,382 before closing on a slightly down note Friday at $25,117. The Brazil to China C3 was the big mover this past week opening at $23.782 to close down at $20.945. The Pacific C5 market continued to trade in a limited range opening at $9.227 to end out the week on a positive at $9.114.
Discussions continue to be heard regarding vessels cleaning fuel tanks in preparation for IMO 2020. Vessels going out on timecharter are needing to consider what fuel the vessel is being returned with, whilst ideally having a good indication of where that will be for bunkering considerations. Some have been heard to give favorable prices for bunkers on delivery to entice trade. While traders are well versed in bunker planning, the IMO’s hard deadline is problematic for the inherent variability of shipping schedules. The added complexity will surely turn up more issues over the coming months.
Panamax
The positive trend from last week did not continue, with both basins showing signs of softening since Tuesday. Despite east coast South America market, limited activity was reported from the rest of Atlantic with some principal accounts using their own tonnage for loading their own cargoes.
In the East, brokers saw decent amount of cargoes, but the fixing rates remained relatively flat due to ample supply of vessels. Kamsarmax vessels were fixed in the $16,000s level plus a ballast bonus in the $600,000s for a trip via east coast South America back to the Far East whilst some similar-sizes were also reportedly done in the $17,000s with ballast bonus in the $700,000s for a similar run. However, whether the stem was of end October dates or early/mid November, dates made a difference with the bunker price being a crucial factor as well. In the East, there were reports of Kamsarmax vessels fixing in the mid $16,000s for a Nopac round voyage basis delivery mid China and in the range of $13,000-$15,000 for an Indonesia run basis delivery south China.
Supramax/Ultramax
The US Gulf market weakened the most with the transatlantic route S4A falling over $750/day from the end of last week. ADMI fixed a 63,000 dwt for grains to Continent at around the $18,000 level. Trips to India/Asia came off a shade too: XO Shipping fixed the Spar Pyxis (63,800dwt, 2015) for US Gulf petcoke to India at $31,000. Rates from South America seemed to hold up. Norden fixed the Ocean Andre (63,647 2017) open Aratu for a trip to the Far East at $46,500 + $650,000 and Cargill was linked to a Tess 58 open Rio Grande end October at $16,000 + $600,000 bb. In Asia trips from the Singapore area were paying between $14,000 and $16,000, depending on the vessel size and duration.
Handysize
There was a softer feel during this week on most of the routes. Tonnage open W Mediterranean/N Continent did not seem to have much choice of cargo. Clipper fixed the Maas Confidence (34,914dwt, 2016) open Setubal prompt for a trip with steels to Tampa/Veracruz at $11,000.
The was good activity in the Black Sea/Mediterranean, for trips within the region as well as destinations like West Africa, where a 46,000 dwt managed a rate in the low $16,000’s earlier in the week. At the end of the week the smaller size vessel Friendly Island (28,387dwt, 2012) fixed delivery Constanza for a trip to Egypt or Turkish Mediterranean at $12,000. Rates in Asia remained relatively flat and whilst the indices lost a little value, some brokers still felt they should remain steady.
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Monday, 21 October 19
SHIPPERS CHANGE COURSE AS FUEL RULES TARGET SULPHUR EMISSIONS - WOOD MACKENZIE
The International Maritime Organization (IMO), the industry’s regulator, will require all ships to reduce the level of sulphur in their engin ...
Monday, 21 October 19
COAL TO PLAY SIGNIFICANT ROLE IN SOUTH AFRICA POWER MIX - MINISTER, REUTERS REPORTED
South Africa’s plans for additional power generation over the next decade will involve a variety of energy sources, with coal still playing a ...
Friday, 18 October 19
WHY CRUDE TANKER RATES JUST FELL (HALFWAY) BACK TO EARTH - FREIGHT WAVES
Panic drove crude-tanker rates up, very briefly, to mind-bogglingly high assessed levels of around $300,000 per day. Now, the fear factor has been ...
Friday, 18 October 19
SHORT TERM STRENGTH FOR OZ COMMODITIES - BALTIC BRIEFING
Volatility in the global commodity markets is not expected to unduly rattle Australia’s commodity outlook through 2020, but the 2021 picture ...
Friday, 18 October 19
SINGAPORE'S APEX TO LAUNCH LOW-SULFUR FUEL OIL CONTRACT AHEAD OF NEW SHIPPING RULES - REUTERS
Singapore-based Asia Pacific Exchange (APEX) will launch a low-sulfur fuel oil (LSFO) futures contract on Friday aimed at helping shipping and ener ...
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- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- International Coal Ventures Pvt Ltd - India
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Parliament of New Zealand
- Xindia Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- Mjunction Services Limited - India
- MS Steel International - UAE
- SMG Consultants - Indonesia
- IEA Clean Coal Centre - UK
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- Goldman Sachs - Singapore
- Aditya Birla Group - India
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Australian Coal Association
- Semirara Mining and Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- Economic Council, Georgia
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Riau Bara Harum - Indonesia
- White Energy Company Limited
- Planning Commission, India
- Central Electricity Authority - India
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Generating Authority of Thailand
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Sree Jayajothi Cements Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- Simpson Spence & Young - Indonesia
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- The State Trading Corporation of India Ltd
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
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