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Sunday, 02 February 20
SUPRAMAX: A 52,000DWT SHIP WAS FIXED BASIS DELIVERY SOUTH KALIMANTAN TRIP TO INDIA, AT $6,000 - BALTIC BRIEFING
Capesize
The week proved conspicuous for all the wrong reasons. This was the week when the Baltic Capesize Index (BCI) turned negative, closing at -20, whilst the average of the routes settled at $3,973. With the perennial Q1 weakness, Chinese New Year, the rapidly evolving coronavirus crisis and the rains and flooding in Brazil also weighed heavily on the values. Whilst it remains difficult to delineate between macro events and sentiment, the financial markets, which are due to reopen in China on Monday, may provide much-needed clarity. The North Atlantic was purportedly devoid of any firm interest on the C7 route. Further south, Alufer were rumoured to have covered a Kamsar bauxite cargo at approximately $15.85, basis 22 to 27 February. CCL were linked as owners, however this was not corroborated. The market was quick to extrapolate an equivalent C3, absent any reported fixtures on the route. A handful of fixtures were concluded for West Australia to China on Friday, with FMG reportedly taking the Navios Ray, (179,515dwt, 2012-built) basis 14/16 February, and the Alpha Confidence (176,320dwt, 2011- built) basis 15/17 February, both at $6.10. NYK were understood to have concluded $6.15 basis a non-index laycan of 5/14 February, although no vessel was attached.
Panamax
A disrupted week in the market with holidays in the East. The Atlantic continued to labour under the weight of available tonnage and rates here fell sharply throughout the week. Asia fared little better, with limited fresh enquiry. A dearth of period-fixing in recent weeks, but reports this week of an 82,000dwt ship achieving $11,200 for 14 to 16 months trading. Out of East Coast South America to Asia, a $13,500 plus $350,000 ballast bonus was concluded on an 82,000dwt ship at start of the week, but rates for the same trip had eroded to closer to $12,500 plus $250,000 ballast bonus by the weekend. Some limited action out of the Black Sea saw a 75,000dwt ship agree $19,000 for a trip to Singapore-Japan. With Asian holidays supressing activity there little was reported. However, a 75,000dwt ship agreed $3,800 for a North Pacific round-trip, whilst from Indonesia, $1,800 was concluded on an 80,000dwt ship for a trip to East Coast India.
Supramax/Ultramax
Another poor week for the Baltic Supramax Index (BSI) closing at 524, which is down 18 points from Monday. Period activity remained slow, but a 64,000dwt Ultramax was fixed from the US Gulf for six to eight months, trading for around $13,000. The Atlantic remained uneventful, with limited fresh enquiry from East Coast South America. From the Mediterranean, the market remained positional, with better numbers being paid for fronthaul trips. Owners remain reluctant to trade vessels to China. From the Continent there was a little enquiry at the beginning of the week, with a 63,500dwt ship fixing delivery Belfast, via France, to the Egyptian Mediterranean at $9,000. The Asian arena remained in the doldrums, prompted by a considerable supply of prompt tonnage and the extended holidays. A 52,000dwt ship was fixed basis delivery South Kalimantan trip to India, at $6,000. Further north, from CIS Pacific, a 53,000dwt ship fixed delivery Nakhodkha, and redelivery Singapore-Japan, in the mid $3,000s. The Indian Ocean fared little better, with a 58,000dwt ship fixing delivery Richards Bay, trip Djibouti, at $10,000.
Handysize
It has been a continuous drop since the beginning of the year on the Baltic Handysize Index (BHSI). Having started the year at 465, it closed last week at 332. Lower rates were reported across the Atlantic in key areas showing no sign of recovery. From Skaw-Passero, a mid-sized vessel was reportedly fixed for a trip to the Mediterranean at the level of $6,000, with some waiting on the owners account. A 37,000dwt ship delivery East Coast South America, was fixed for a trip to Southeast Asia in the mid $13,000s. In the East, brokers saw tonnage sitting spot, with little cargo support, whilst some chose to ballast from Singapore to South Africa for other alternatives. Limited fixture came to light from the Pacific basin this week.
Source: The Baltic Briefing
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Tuesday, 31 March 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.43 PCT - XINHUA
China Taiyuan coal transaction price index stood at 132.17 points Monday, down 0.43 percent week on week.
The index, released by Chi ...
Tuesday, 31 March 20
COAL POWER REMAINS IN GLOBAL DECLINE, DESPITE CHINESE SURGE - SYDNEY MORNING HERALD
The impact of coronavirus has prompted a surge in coal-fired power plant construction permits in China, with the Chinese government issuing more pe ...
Monday, 30 March 20
CORONAVIRUS - IMPLICATIONS FOR SHIPS AND CREW - GARD
KNOWLEDGE TO ELEVATE
Countries around the world are strengthening their border control measures in order to prevent the further spread of COVI ...
Monday, 30 March 20
LAY-UP AND RE-ACTIVATION REVISITED - GARD
KNOWLEDGE TO ELEVATE
The COVID-19 pandemic has affected the maritime industry in previously unthinkable ways. Ports around the world are denyi ...
Monday, 30 March 20
PANAMAX: INDONESIA LACKED VOLUME, PARTLY DUE TO FORCE MAJEURE IN INDIAN PORTS - BALTIC BRIEFING
Capesize
As Covid-19 continued to ratchet up tensions across the globe, the Cape market dealt with the change to remote working. Most regions o ...
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- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Ceylon Electricity Board - Sri Lanka
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- Sical Logistics Limited - India
- Minerals Council of Australia
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Mercuria Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- The University of Queensland
- Indogreen Group - Indonesia
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cement Manufacturers Association - India
- IEA Clean Coal Centre - UK
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- International Coal Ventures Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Australian Coal Association
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Grasim Industreis Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- India Bulls Power Limited - India
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mjunction Services Limited - India
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- Agrawal Coal Company - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- CIMB Investment Bank - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- PNOC Exploration Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
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