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Saturday, 15 February 20
A 56,000DWT VESSEL WAS CONCLUDED BASIS DELIVERY SINGAPORE VIA INDONESIA REDELIVERY CHINA IN THE LOW $6,000S - BALTIC BRIEFING
.jpg) Capesize
Riding the downward momentum of the previous week, the market was always going to be hard pressed to make any sort of revival. With multiple drivers including Coronavirus, rail flooding in East Australia, rains in Brazil and a tropical cyclone in West Australia causing havoc, the market was seen to bottom out and meander sideways, said the Baltic Brifing in its latest report.
The report further noted that, the Capesize 5TC opened the week at $2,660 to close out at $2,445. While bunker volatility was causing fluctuation in the vessels’ earnings, voyage rates were mostly seen to soften throughout the week. C3 Tubarao to Brazil opened at $13.575 closed down at $12.95. West Australia was quiet and spot market fixture activity opened the week at $5.75 closing at $5.595. Remarkably the C10 Transpacific bucked the trend this week as demand for time-charter vessels lifted. The Transatlantic C8 didn’t fare so well as dwindling cargo options had most over offered. It now trades at $2,920 which is below the Pacific, the first time since mid-December.
Panamax
The Baltic Briefing further noted that, It was a relatively strong week overall for Panamax, with most areas increasing their values over the week. East coast south America again appeared the focus and driver with rates for beginning of March shipments dates improving from last done.
The week witnessed some heightened period activity with a bunch of period fixtures mostly fixed with discounted rates for the first 40 days then a premium rate thereafter for balance of the agreed period. From east coast South America to the Far East, the median rate appeared at around $12,250+$225,000 ballast bonus at the start of the week and had increased to $13,300+$330,000 ballast bonus by the end.
In Asia, Baltic Briefing this week's report says, trading was somewhat curtailed by the potential implications of Coronavirus. The NoPac round trip being agreed at $4,350 for 82,000dwt, whilst some owners were discounting rates for quick and repositioning trips with $6,500+$65,000 ballast bonus getting done for an Indonesia to China run.
Supramax/Ultramax
The week started on a poor note, but as it closed a bit more optimism was being felt. Period activity was seen with a 55,000dwt vessel fixing delivery North China for one year at $6,500, for the first 40 days and $10,000 thereafter.
It was a story of two halves from East Coast South America: poor levels at the start with a 56,000dwt ship being fixed in the upper $2,000’s for a transatlantic run. Later, a 51,000dwt ship was fixed at around $7,000 for similar run. The Mediterranean remained stable whilst the US Gulf was heard to have a little more enquiry as the week closed. From Asia, some said there was more enquiry from Indonesia. However, a ready flow of tonnage held rates in check but a 56,000dwt vessel was concluded basis delivery Singapore via Indonesia redelivery China in the low $6,000s. The Indian Ocean saw slight improvement, with a 52,000dwt ship fixing at $7,000 delivery Arabian Gulf redelivery East Coast India.
Handysize
The index fell below 300 points throughout the week which is at the same level as in mid-February 2019. At the beginning of the week the Handy 7TC average was the highest of all four dry vessel types. Most route indices had minimal movement in both basins, while East Coast South America led the decline. A 38,000dwt vessel, open Fortaleza 15 February was fixed basis north Brazil for a trip to west Mediterranean at $8,000. A mid-sized was failed on subjects basis passing Ushant for trip to China at mid high $8,000s with some waiting on the owner’s account. A 33,000-dwt was fixed from Canakkale for a trip with grain to Ireland at $3,500. There was also talks of fixtures at the high end with a 34,000-dwt fixing from Canakkale to Norfolk in the $6,000s and a 29,000-dwt fixing basis Rouen for a grain trip to Morocco at $9,500. Pacific market remained weak and little came to light.
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Friday, 06 March 20
COLOMBIAN COAL OUTPUT FELL 2% IN 2019 - REUTERS
Coal production in Colombia, the fifth-largest coal exporter in the world, fell 2% to 82.2 million tonnes in 2019 after output at one of the princi ...
Friday, 06 March 20
SOLID BACKING FOR LNG AS A MARINE FUEL - BALTIC EXCHANGE
When it comes to choosing the best fuel on the near horizon to help the international shipping industry shrink its carbon intensity by 2050, DNV GL ...
Friday, 06 March 20
INDONESIA COAL PRICE REFERENCE UP AGAIN THIS MONTH
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised up the benchmark price of Indonesian thermal co ...
Thursday, 05 March 20
PANAMAX: SHIP-OWNERS HAVE MOSTLY BEEN GETTING HIGHER RATES THAN THE LAST DONE - FEARNLEYS
Cape
There is still limited amount of positive news around, with the effects of Corona virus hurting world economy. However, overall average in ...
Thursday, 05 March 20
COAL IMPORTS DOWN IN MAJOR ASIAN MARKETS, AND CORONAVIRUS NOT THE DRIVING FORCE - CLYDE RUSSELL
Asia’s seaborne coal markets stumbled in February and it appears the coronavirus outbreak in China may dodge most of the blame, with the weak ...
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- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Independent Power Producers Association of India
- Economic Council, Georgia
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- White Energy Company Limited
- Eastern Energy - Thailand
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Bank of Tokyo Mitsubishi UFJ Ltd
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- SMC Global Power, Philippines
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Deloitte Consulting - India
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- The University of Queensland
- Standard Chartered Bank - UAE
- Gujarat Mineral Development Corp Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- Simpson Spence & Young - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- IHS Mccloskey Coal Group - USA
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Thai Mozambique Logistica
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Barasentosa Lestari - Indonesia
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Bhushan Steel Limited - India
- Planning Commission, India
- Georgia Ports Authority, United States
- AsiaOL BioFuels Corp., Philippines
- Parry Sugars Refinery, India
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- PowerSource Philippines DevCo
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- Coalindo Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
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