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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, 04 February 20
CAPE: THE AVERAGE EARNINGS PER DAY FELL BENEATH THE USD 4,000, A LEVEL CONSIDERABLY BELOW EVEN THE MOST CONSERVATIVE OPEX LEVELS - ALLIED
The recent slump in the dry bulk freight market may well have been expected to some degree, but despite this the shock was still overwhelming when ...
Monday, 03 February 20
KOWEPO INVITING BIDS FOR 2.46 MILLION TONS OF MIN.5700 AND MIN.5600 NCV COAL
COALspot.com: South Korea’s Korea Western Power Co., Ltd. (KOWEPO) has issued an international tender for total 2,460,000 tons of (Sub) Bitum ...
Sunday, 02 February 20
NOVEL CORONAVIRUS OUTBREAK IN CHINA - STANDARD CLUB
Members will be aware of the recent novel coronavirus outbreak in China, which has now been declared a global emergency by the World Health Organis ...
Saturday, 01 February 20
50 MILLION PEOPLE QUARANTINED IN CHINA TO CONTAIN SPREAD OF CORONAVIRUS - HOW DOES IT AFFECT SHIPPING? - BIMCO
The outbreak of the novel coronavirus, declared a global health emergency by the WHO, has caused massive uncertainty across the global markets with ...
Saturday, 01 February 20
THERMAL COAL MARKETS: 5 TRENDS TO WATCH OUT FOR IN 2020 - MINING REVIEW
The seaborne thermal coal market entered the year challenged by low priced LNG in the Atlantic and rapidly increasing supply in the Pacific.
&n ...
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- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Marubeni Corporation - India
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- Binh Thuan Hamico - Vietnam
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Sinarmas Energy and Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- CIMB Investment Bank - Malaysia
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- Ministry of Mines - Canada
- Coastal Gujarat Power Limited - India
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- MS Steel International - UAE
- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- Karaikal Port Pvt Ltd - India
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- Pendopo Energi Batubara - Indonesia
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- The University of Queensland
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
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