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Saturday, 21 March 20
PANAMAX: 82,000DWT SHIP AGREED $4,250 FOR A COAL TRIP VIA INDONESIA REDELIVERY SOUTH CHINA - BALTIC BRIEFING
.jpg) Capesize
The Capesize market made some headway this past week despite being buffeted by the global pandemic storm. With the market in a constant state of flux on a seemingly endless news cycle, increasing restrictions and disruptions, the Cape 5TC managed a lift out of its recent range to settle the week at $4,067, a lift of +$1,270 for the week. The Atlantic Basin was the bigger mover this week, albeit with fewer fixtures, as large declines in the bunker prices lifted timecharter rates in relation to the marked voyage rates. Declines were felt later in the week with the Brazil to Qingdao C3 dropping from $10.535, to end the week at $9.970. West Australia to China C5 saw a constant flow throughout the week with rates fluctuating to close out at $4.305. Overall, sentiment seems improved, yet it’s expected there will be plenty more turmoil to endure as talk of quarantines increasing, credit lines tightening and port closures being mentioned, while governments react with stimulus injections and boarder closures. This is all churning up a strange dynamic the likes of which have never been experienced.
Panamax
A thin week of trading in the Panamax market, with distractions elsewhere focussing most people’s attention. With mid-week news breaking of port suspensions in a region of Argentina, nervousness beset the East Coast South America market, where lower fixtures than last done drove the index down. Weaker bunker prices further accentuated matters, and there became an apparent appetite for many owners to lock in for longer duration business given the increasingly bleak macro-outlook. This resulted in some discounted rates getting agreed. Rates for fronthaul trips generally hovered around the high $8,000’s to $9,000 mark for nicer described unit’s delivery Southeast Asia and India positions, whilst earlier tonnage was able to achieve closer to $13,000 plus $300,000 ballast bonus delivery Arrival Pilot Station (APS). Very few rumours from Asia, an 81,000dwt ship delivery North China fixing $6,500 for a trip to Japan with minerals, whilst an 82,000dwt ship agreed $4,250 for a coal trip via Indonesia redelivery South China.
Supramax/Ultramax
A volatile week with the spread of Covid-19. For many countries in Europe and elsewhere, the market remained erratic. Period activity was seen, with an Ultramax open North China, fixing five to eight months trading at $11,000. In the Atlantic, uncertainty remained about port activities in East Coast South America, brokers said rates suffered with a lack of fresh enquiry. Limited fresh information surfaced elsewhere, but some said that tonnage remained tight from the US Gulf. An Ultramax was rumoured fixed at around $20,000 for a trip to the East Mediterranean with petcoke. As the week progressed, the Asian Basin came under pressure, with rates slipping. A 56,000dwt ship fixing a trip from China to the Arabian Gulf in the low $3,000s. The Indian Ocean, whilst remaining active, some felt rates were also under pressure. A 60,900dwt ship fixing delivery Richards Bay trip to Vietnam at $12,000 plus $200,000 ballast bonus.
Handysize
The Baltic Handysize Index (BHSI) had an overall positive week, with support coming from both basins. Rates in the Continent to Mediterranean trade broadly remained firm, with some high-level fixtures reported for trips with short duration. However, the fresh orders from the area were described to be limited, with vessels building up for slightly more forward dates. A 35,000dwt ship, open Ghent, was fixed for a trip to North Brazil at $10,000 for moving fertilizers. Minimal changes in East Coast South America this week, whilst in the US Gulf, brokers saw a tight tonnage list, with rates continuously improving. In the East, short period fixtures were reported with a 34,000dwt ship, delivery Vietnam, fixed for three to five months at $5,000 for the first 45 days, and $7,000 thereafter. From the Indian Ocean, a 36,000dwt ship open Mesaieed was booked for a trip to West Coast India at $7,000.
Source: The Baltic Briefing
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Friday, 03 April 20
CHINA'S BENCHMARK POWER COAL PRICE DROPS SLIGHTLY - XINHUA
China’s benchmark power coal price dropped slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge ...
Wednesday, 01 April 20
TRADERS SCRAMBLE TO SELL CHEAP CRUDE CARGOES AS GLUT GROWS - REUTERS
Oil traders across the globe are offering cargoes far in advance as rapidly vanishing demand drives key physical crude prices to multi-decade lows, ...
Wednesday, 01 April 20
MARKET INSIGHT - INTERMODAL
There is an old, allegedly Chinese, saying suggesting that living in “interesting” times usually refers to times of trouble. The latest ...
Tuesday, 31 March 20
FREIGHT MARKET: DRY BULKERS - SPOT MARKET 23-29 MARCH 2020
Capesize
The rebound in freight rates resumed this past week, with rates man-aging to post further gains by week’s end. The BCI is in negat ...
Tuesday, 31 March 20
DRY BULK: Q1 HAS BEEN THE WORST QUARTER NOTED FOR MORE THAN 3 YEARS NOW - ALLIED RESEARCH
At this point, the Covid-19 pandemic seems to be monopolizing all market (as well as all other) discussions across the world and any market insight ...
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- Lanco Infratech Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Australian Coal Association
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- The University of Queensland
- Minerals Council of Australia
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
- Coalindo Energy - Indonesia
- VISA Power Limited - India
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- Posco Energy - South Korea
- CNBM International Corporation - China
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Singapore Mercantile Exchange
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Bangladesh Power Developement Board
- Planning Commission, India
- Ministry of Finance - Indonesia
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- Agrawal Coal Company - India
- Mercator Lines Limited - India
- Bukit Baiduri Energy - Indonesia
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- Global Green Power PLC Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Indian Oil Corporation Limited
- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karaikal Port Pvt Ltd - India
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
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