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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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Tuesday, 03 March 20
IMPORTANCE OF MASTER'S CARGO CHECKS - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE
Adecision in recent High Court case has made it clear that there is no implied indemnity from a charterer to their counte ...
Tuesday, 03 March 20
COAL'S SHARE OF CHINA ENERGY MIX FALLS IN 2019 BUT CONSUMPTION STILL RISING - REUTERS
Coal accounted for 57.7% of China’s primary energy consumption in 2019, the National Bureau of Statistics said on Friday, down 1.5 percentage ...
Monday, 02 March 20
SHIPOWNERS AND OPERATORS COULD FACE DETENTION OF SHIPS FROM 1ST MARCH UNDER IMO RULE - ICS
Port state control authorities will begin to enforce the IMO’s Sulphur 2020 from 1st March, making it an offense for ships to carry fuel that ...
Saturday, 29 February 20
SUPRAMAX SENTIMENT WAS UP IN A FEW KEY AREAS OVER THE LAST WEEK - BALTIC BRIEFING
Capesize
The Capesize market woes related to Coronavirus have now spread through the wider global markets like wildfire. The wider supply and d ...
Thursday, 27 February 20
FOREIGN COMPANIES LIKELY TO SKIP COMMERCIAL COAL BLOCK AUCTIONS - ECONOMIC TIMES
The Centre is in the process of inviting global players for commercial mining, following 100% foreign direct investment in the sector. However, giv ...
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- Straits Asia Resources Limited - Singapore
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- Thiess Contractors Indonesia
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Manunggal Multi Energi - Indonesia
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- MS Steel International - UAE
- Energy Development Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- ICICI Bank Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- ASAPP Information Group - India
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- Economic Council, Georgia
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- Deloitte Consulting - India
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- Binh Thuan Hamico - Vietnam
- Sojitz Corporation - Japan
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Indian Energy Exchange, India
- Bayan Resources Tbk. - Indonesia
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Borneo Indobara - Indonesia
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- Vizag Seaport Private Limited - India
- Videocon Industries ltd - India
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Tata Chemicals Ltd - India
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Petrochimia International Co. Ltd.- Taiwan
- Indogreen Group - Indonesia
- Australian Coal Association
- Mercuria Energy - Indonesia
- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
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