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Monday, 25 November 19
A 53,000DWT SHIP FIXED AT $9,500 DELIVERY SINGAPORE TRIP, VIA INDONESIA, REDELIVERY VIETNAM - BALTIC BRIEFING
.jpg) Capesize
After a week of value being eroded on the Capesize market, Friday brought improved sentiment across most of the routes. The 5TC average opened the week at $20,970 and closed out Friday up $580 to settle at $18,930, illustrating clearly the deteriorating condition of the market. While the Pacific Basin maintained its usual constant flow, improved sentiment built in the Atlantic Basin. Bids were heard to be firmly up across all routes. The Brazil to China C3 route opened the week at $19.04, reaching a midweek low of $18.225. However, with Fridays jump of 72.5 cents, the route settled at almost parity at $19.03 pushing into the weekend. While this current lift is encouraging for a possible last market push before the end of the year, trade activity overall hasn’t been reassuring. But as eyes drift to the New Year, and improved clarity post IMO changes, traders are sure to have plans in mind which will hopefully bring improved activity.
Panamax
It was a somewhat mixed bag in the market this week, despite very few pockets of resistance and a hefty softening of rates throughout the week. In the Atlantic, aside from the North Continent/Baltic trades which held steady, the longer fronthaul trips from the US Gulf and East Coat South America (ECSA) came under severe pressure. A 76,000dwt ship was fixed at $9,500 from ECSA for a Transatlantic round trip. From the US Gulf for Transatlantic business, $14,500 was concluded on an 81,000dwt vessel. From ECSA to the Far East, a 75,000dwt ship agreed $12,500, plus $250,000 ballast bonus. On the shorter duration trips, via the Baltic, the rates ranged between $12,500 and $11,750 for the 82,000dwt tonnage. In the Pacific, improved demand from Australia and the US North Pacific enabled the rates to remain generally steady throughout the week. An 81,000dwt ship covered $10,000 for an Australian round trip whilst a 75,000dwt ship achieved $8,500 for the same run. From the US North Pacific, an 82,000dwt vessel concluded $9,500 for a round trip back to Singapore-Japan. A rate of $8,000 was agreed on a 75,000dwt vessel.
Supramax/Ultramax
The market can be described as ‘cautiously optimistic’ as the week ended. The Baltic Supramax Index (BSI) slowly gained momentum, with some routes in positive territory. There was limited period activity, an Ultramax, open central Mediterranean, covered a short period in the mid $11,000s. Atlantic demand grew from the US Gulf, with a 63,000dwt vessel covering at $15,500 for a petcoke run to the Mediterranean. A 55,200dwt vessel fixed in the low $20,000s for a trip to Japan. East Coast South America remained finely balanced, with limited fresh enquiry. There was more activity from the Continent, where a 63,400dwt vessel fixed for a trip via the Baltic, redelivery in the West Mediterranean, at $14,000. The Asian market also saw a slight improvement in rates, certainly from the South. A 53,000dwt ship fixed at $9,500 delivery Singapore trip, via Indonesia, redelivery Vietnam. From the Indian Ocean, a 58,000dwt vessel fixed from South Africa to West Coast India – Arabian Gulf at $10,500, plus $105,000 ballast bonus.
Handysize
The Baltic Handysize Index (BHSI) fell below 500 by the end of the week, a total decline of 12 points since the beginning of the week. Unlike the bigger-sized ships, which showed signs of improvement, routes in both basins further lost ground throughout the week and little fresh activity came to light. Rates remained weak and vessels overall were still under pressure. A 32,000dwt ship was fixed from the US Gulf for a trip to the Central Mediterranean at low $10,000s. A 38,000dwt vessel open in the US East Coast was fixed for a trip to the Continent at approximately $9,000. In the East, a 39,000dwt ship open Hong Kong was fixed for a trip to CJK at $7,000. A large Handysize vessel was linked to a North Pacific run at mid $7,000s, basis South Korea delivery. A steel trip to Vietnam paid $6,000 on a 32,000dwt vessel from East Coast India.
Source: The Baltic Briefing
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Wednesday, 12 February 20
COAL INDIA WILL EXCEED LAST YEAR'S PRODUCTION FIGURES: OFFICIAL - PTI
Despite coal production being hampered at Dipka mines due to prolonged rains, Coal India Ltd will exceed last year’s production figures, a to ...
Wednesday, 12 February 20
MARKET INSIGHT - INTERMODAL
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CHANGES IN LNG MARKET COULD UNDERCUT PLANS FOR NEW JAPANESE COAL PLANTS - CLYDE RUSSELL
Reuters: Clyde Russell
The collapse in the spot price of liquefied natural gas (LNG) in Asia is a short-term phenomenon that may wel ...
Wednesday, 12 February 20
THE SHIPPING INDUSTRY SEES FREIGHT MARKETS IN A COMPLETE STATE OF COLLAPSE AS DEMAND GETS PARALYZED DUE TO CORONAVIRUS OUTBREAK - ALLIED
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Wednesday, 12 February 20
WORLD STEEL PRODUCTION IN 2019 - BANCHERO COSTA
In a worrying development, global steel production slowed down considerably in the fourth quarter of 2019. In the final 3 months of 2019, total cru ...
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- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- Manunggal Multi Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- TeaM Sual Corporation - Philippines
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- Australian Coal Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- Aditya Birla Group - India
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- Essar Steel Hazira Ltd - India
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Carbofer General Trading SA - India
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- Goldman Sachs - Singapore
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
- Gujarat Sidhee Cement - India
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- Latin American Coal - Colombia
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Neyveli Lignite Corporation Ltd, - India
- Marubeni Corporation - India
- Economic Council, Georgia
- White Energy Company Limited
- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Posco Energy - South Korea
- Bukit Makmur.PT - Indonesia
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