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Saturday, 30 November 19
PANAMAX: LEVELS IMPROVED IN THE PACIFIC MARKET TOO WITH $11,000 BEING CONCLUDED ON AN 81,000DWT SHIP FOR AN INDONESIA TO CHINA COAL TRIP - BALTIC BRIEFING
.jpg) Capesize
The market has been well supported over the past week, led primarily by the Atlantic Basin. After bottoming last week, sentiment was seen to improve strongly, with both paper and physical traders buying into the rally. Opening the week at $18,930 on the Capesize 5TC, it has now lifted to $23,865. Traders had been eyeing up the second half of December, loading windows out of Brazil in recent weeks citing likely tonnage tightness. They weren’t disappointed as C3 was seen to open the week at $19.030, to end the week at $22.375. Furthermore, into the North Atlantic a flurry of fronthaul business, now beginning to incorporate ice zone premiums, have kept the basin under tonnage supply pressure heading into the final month of the year. The Pacific Basin struggled to counter the improved sentiment and was seen to lift early in the week past mid $9’s on C5 with a very healthy flow of fixtures being heard. C5 closed out the week at $9.95 with talk of $10.00 being concluded.
Panamax
There were significant gains this week, the Atlantic leading the charge, with the Skaw to Gibraltar Transatlantic round-trip route P1A_82, gaining more than $2,500 in value on the week. Stronger levels were concluded on the Baltic trades, with an 80,000dwt ship achieving $13,500 for a trip Skaw-Gibraltar. On the longer Transatlantic trips, an 82,000dwt vessel agreed $10,500 delivery. The East Coast South America (ECSA) grain front haul activity saw healthy volumes of fixing. With some clearing out the early December shipments towards the beginning of the week the rates began to improve. An 82,000dwt ship was reported as fixing $13,750 plus $375,000 ballast bonus ECSA to Far East, while a 75,000dwt vessel achieved $12,500 plus $250,000 ballast bonus for same trip. US Gulf grain shipments gained traction with an 85,000dwt ship fixing $16,000 plus $600,000 ballast bonus for a US Gulf to Far East trip. Levels improved in the Pacific market too with $11,000 being concluded on an 81,000dwt ship for an Indonesia to China coal trip. From Australia, at the start of the week, $8,100 was agreed on an 81,000dwt vessel. However, by the end of the week, this had increased to $10,000 for the same tonnage and same trip via Australia to China. Period interest also increased on the week with reports of an 82,000dwt vessel achieving $11,400 for five to eight months worldwide trading.
Supramax/Ultramax
Following on from the previous week, the Baltic Exchange Supramax Index (BSI) remained in positive mode, but both basins remained patchy with some areas recovering whilst others remained flat. Limited period activity surfaced, but Ultramax size saw in the region of mid $10,000s for the medium period. Stronger levels were seen in the US Gulf with a 61,400dwt ship fixing at around $17,000 to the east Mediterranean (Med). East Coast South America had better demand, but rates remained static: a 58,000dwt vessel fixing at $13,000 plus $300,000 ballast bonus for a trip to Bangladesh. From Asia, activity centred around the south, with a 48,800dwt ship fixing delivery Gresik, Changjiangkou (CJK) at $11,750. Limited fresh cargo further north, but a 61,000dwt ship fixed delivery CJK trip via Indonesia for redelivery India at $9,150. The Indian Ocean remained calm, with a 58,000dwt vessel fixing delivery Fujairah for a trip to Bangladesh at $13,000, whilst another 58,000dwt vessel fixed delivery South Africa trip to west coast India at $10,500 plus $150,000 gross ballast bonus.
Handysize
A positive trend started to show in the Handy sector this week, which was last seen back in the end of September this year. The Atlantic market saw a ray of hope for ships in key areas after weeks of weak rates. From East Coast South America, a 38,000dwt ship was fixed for a trip to Southeast Asia at $15,000s level. Mid-sized Handy vessels were reportedly fixed from Recalada at $16,000 for a trip to West Coast South America, or $14,000 for a trip to east Africa. A coal trip via the Baltic to the Continent paid $12,000 on a 38,000dwt ship delivery to Belfast. Rates also climbed in the US Gulf but saw limited activity reported with the Thanksgiving holiday at the end of the week. In the East, the sentiment began largely flat but restored in the later stage after exchanging ideas. Overall, minimal changes on the Pacific routes but with some signs of gain.
Source: The Baltic Briefing
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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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- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- Sojitz Corporation - Japan
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- Manunggal Multi Energi - Indonesia
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Latin American Coal - Colombia
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- Banpu Public Company Limited - Thailand
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- Merrill Lynch Commodities Europe
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- Eastern Energy - Thailand
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Posco Energy - South Korea
- Central Java Power - Indonesia
- Central Electricity Authority - India
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- IEA Clean Coal Centre - UK
- Chamber of Mines of South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- White Energy Company Limited
- Kartika Selabumi Mining - Indonesia
- Malabar Cements Ltd - India
- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Independent Power Producers Association of India
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Maheswari Brothers Coal Limited - India
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- Timah Investasi Mineral - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Mercuria Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Oldendorff Carriers - Singapore
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Renaissance Capital - South Africa
- Petron Corporation, Philippines
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- Siam City Cement - Thailand
- Bhushan Steel Limited - India
- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- SN Aboitiz Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
- Australian Coal Association
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- Tamil Nadu electricity Board
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