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Monday, 16 December 19
ULTRAMAX: A 63,000DWT SHIP FIXING DELIVERY FOR A SINGAPORE TRIP VIA INDONESIA, FOR RE-DELIVERY TO CHINA AT $11,000 - BALTIC BRIEFING
.jpg) Capesize
It was one-way traffic for the Capesize market this past week, with all routes giving up value. While downward momentum may have slowed a touch by Friday, the Capesize 5TC took a trouncing, losing $5,702 to settle at an almost six-month low of $18,002. Fixing activity was solid throughout the week, especially in the Pacific as charterers took advantage of owners scrambling to fix. Some suggest this new level could bring about an increase in enquiry, as trading activity is currently thought to be healthy overall, albeit in a declining market. With the strength of the Pacific in recent weeks, imbalances in tonnage supply to the West are already being mentioned. Vessels are continuing to be heard fixing for cargoes out of Eastern Canada on fronthaul, but the tonnage in the Atlantic looks to be tightening. The Brazil to China C3 opened the week at $21.615 to close Friday at $18.96. The C5 opened at $10.295 to end the week down at $8.364.
Panamax
The firmer market continued this week, with indices rising. In the Atlantic to East Coast South America (ECSA), grain cargoes continued to push the market. Rates increased slightly on the week, with the high being $15,000 plus $500,000 ballast bonus paid for an 82,000dwt ship. Activity picked up this week around the US Gulf and coupled with an effervescent Baltic market, rates in the North Atlantic saw significant rises. We even witnessed a couple of deals with Japan delivery to cover US Gulf grain trips to the Far East, with the high being an 81,000dwt vessel achieving $14,000 retro to Japan. In Asia, it remained relatively steady and an 85,000dwt ship agreed a strong $14,500 coming from Australia for a round trip to China. A quieter week from Indonesia, but we saw an 81,000dwt vessel agree to $14,000 for the Indonesia to China coal trip. The week’s low was a 76,000dwt ship fixing at $9,000 for similar business.
Supramax/Ultramax
A mixed week for the Baltic Supramax Index (BSI) which overall remained flat. Limited period cover came to light, but a 52,000dwt ship open in the US East Coast was fixed for three to five months, trading at around $13,000. In the Atlantic, it was finely balanced from the Mediterranean – Continent region. A 63,000dwt vessel fixing a scrap run from the United Kingdom to the East Mediterranean in the mid $12,000s. ECSA saw an increase in demand, with rates improving. An Ultramax fixing a trip to the Arabian Gulf in the $14,000s, plus a low $400,000s ballast bonus. The Asian Basin became quiet as the week progressed, with a 63,000dwt ship fixing delivery for a Singapore trip via Indonesia, for redelivery to China at $11,000. A 56,000dwt vessel was also fixed from China to the Arabian Gulf in the low $6,000s. The Indian Ocean remained static, with a 55,000dwt ship fixing delivery to Mumbai via the Arabian Gulf, for redelivery to West Coast India at $9,000.
Handysize
The Baltic Handy Size Index (BHSI) raised a few points and then went flat. Not much improvement from vessels open in the Skaw-Passero range. However, ECSA and the US Gulf market climbed throughout the week. A large, Handysize vessel was clean fixed at $12,500 basis US Gulf delivery for a trip to East Mediterranean. A 37,000dwt ship, open Canakkale, was fixed for a trip via the Black Sea to the Continent at $7,500. From ECSA, similar-sized ships were fixed to West Coast South America (WCSA) ranging from the mid $15,000s, to low $17,000s. The Pacific Basin remained quiet, with minimal changes on the period front. A 36,000dwt vessel, open in the Sea of Marmara, was booked for three to five months at $10,000, with redelivery in the Atlantic.
Source: The Baltic Briefing
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Wednesday, 04 December 19
SHIPPING MARKET INSIGHT - INTERMODAL
Dry bulk freight rates rebounded last week, a development that came as a relief following the recent negative sentiment that prevailed in the marke ...
Wednesday, 04 December 19
INDONESIA REVIEWING RULES MANDATING COAL SALES TO LOCAL BUYERS: OFFICIAL - REUTERS
Indonesia is reviewing rules that require coal miners to sell a portion of their coal to local buyers, a government official said on Monday, as sup ...
Tuesday, 03 December 19
STABILITY AND COMPATIBILITY OF VERY LOW SULPHUR FUEL OILS - GARD
In order to meet increasing restrictions on the sulphur content in marine fuel as defined by MARPOL Annex VI Regulation 14.1.3, the characteristics ...
Monday, 02 December 19
COAL PRODUCTION IN INDIA UP BY 164.58 MT IN 5 YEARS - BUSINESS LINE
Raw coal production in the country has increased from 567.77 million tons (MT) in 2013-14 to 730.35 MT in 2018-19, Union Coal and Parliamentary Aff ...
Monday, 02 December 19
OPEC PREPS FOR OIL'S 2020 BALANCING ACT - WOOD MACKENZIE
What steps should OPEC and its non-OPEC partners take to keep the market in balance in 2020? Ahead of OPEC’s meeting in Vienna on 5 and 6 Dec ...
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- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Indika Energy - Indonesia
- MS Steel International - UAE
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Formosa Plastics Group - Taiwan
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- Oldendorff Carriers - Singapore
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- Eastern Energy - Thailand
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Toyota Tsusho Corporation, Japan
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- Larsen & Toubro Limited - India
- The Treasury - Australian Government
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- SN Aboitiz Power Inc, Philippines
- CNBM International Corporation - China
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- Minerals Council of Australia
- Tata Chemicals Ltd - India
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Sakthi Sugars Limited - India
- Indonesian Coal Mining Association
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Krishnapatnam Port Company Ltd. - India
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- PTC India Limited - India
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Australian Coal Association
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sinarmas Energy and Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- Edison Trading Spa - Italy
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Parliament of New Zealand
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Merrill Lynch Commodities Europe
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- India Bulls Power Limited - India
- TeaM Sual Corporation - Philippines
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
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