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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, 20 March 20
VOLATILITY TO INCREASE IN TANKER MARKET FOLLOWING OIL PRICE WAR - DREWRY
Crude oil prices plunged by more than a third in the past week after OPEC+ failed to agree on production cut as demand softened in the aftermath of ...
Friday, 20 March 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 ...
Friday, 20 March 20
OIL PRICES COULD FALL BELOW ZERO: ANALYST - FOX BUSINESS
Plunging oil prices could be headed a lot lower – possibly below zero, according to one Wall Street analyst.
West Texas Interm ...
Friday, 20 March 20
84% OF FEBRUARY BUNKER SALES IN SINGAPORE ARE LOW-SULPHUR FUELS - BIMCO
Low-sulphur fuels accounted for 84% of total February sales in Singapore, slightly up from 83% in January. The sale of low-sulphur fuel oil (LSFO) ...
Thursday, 19 March 20
A CRUDE TSUNAMI: UP TO 3 MILLION BPD OF EXTRA OIL CAN HIT THE MARKET FROM APRIL, MORE COMING IN MAY - RYSTAD ENERGY
The extra oil coming into the global market from April will be as much as 3 million barrels per day (bpd), Rystad Energy estimates. Two million bpd ...
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Showing 1056 to 1060 news of total 6871 |
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- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- SMG Consultants - Indonesia
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- Power Finance Corporation Ltd., India
- SMC Global Power, Philippines
- Romanian Commodities Exchange
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- Parliament of New Zealand
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Bukit Baiduri Energy - Indonesia
- Chamber of Mines of South Africa
- Gujarat Mineral Development Corp Ltd - India
- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Global Business Power Corporation, Philippines
- McConnell Dowell - Australia
- The University of Queensland
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- OPG Power Generation Pvt Ltd - India
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
- Bhushan Steel Limited - India
- Tata Chemicals Ltd - India
- IEA Clean Coal Centre - UK
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Indika Energy - Indonesia
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Anglo American - United Kingdom
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- Ambuja Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Petron Corporation, Philippines
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- Makarim & Taira - Indonesia
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Timah Investasi Mineral - Indoneisa
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Standard Chartered Bank - UAE
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
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