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Monday, 20 April 20
SUPRAMAX: A 52,000DWT SHIP FIXING AN INDONESIA COAL RUN TO CHINA AT $4400 - BALTIC BRIEFING
Capesize
This week was the strongest period seen for the Capesize market in several months. All routes globally succumbed to improved sentiment, albeit the Pacific Basin lagged somewhat, with the West Australia to China C5’s usual flow proving resistant. Ending the week on a high, the C5 route added +0.232 to settle at $4.918. The Pacific round voyage route C10 opened the week at a premium to the Transatlantic C8. However, this was quickly surpassed, as the Atlantic Basin saw a lifting of cargo levels to available tonnage as several fixtures posted stronger returns. The Atlantic C8 stands at $10,075 to the Pacific C10 at $8,500. The Atlantic Basin was ignited predominantly on fronthaul C9 and ballaster routes back to the Far East. While fundamentals don’t appear drastically changed the push-pull between the Basins is now in motion, adding volatility and opportunity at above OPEX levels. The Capesize 5TC opened the shortened week at $6,762 to close out at $9,875.
Panamax
Easter holidays impacted the market last week, with only minor movements in the Baltic Panamax Index (BPI). Baltic mineral trades proved active, so too were South American fronthaul grains, particularly from North Coast South America (NCSA). Rates crept up a little from NCSA, with $13,350 plus $335,000 ballast bonus being paid for an 82,000dwt ship. Rates for Baltic round trips generally hovered around the $5,000 mark, but activity elsewhere was limited. In the Pacific, grain demand from the North Pacific started brightly. An 82,000dwt ship achieving $8,250 for a trip via the North Pacific, back to Singapore-Japan. However, generally demand in the region eased as the week went on, in turn weakening rates in the process. Some brief activity this week in the period market included a well described 82,000dwt ship agreeing to $10,850 for one year’s period.
Supramax/Ultramax
With the ongoing Covid-19 situation the market remained bleak, with a lack of fresh enquiry and tonnage readily available in most areas. Period activity was sparse, but a 60,000dwt ship, open Campha, was linked to about six to nine months trading at $8,500. From the Atlantic, East Coast South America lacked impetus, while from the US Gulf, an Ultramax was rumoured fixing in the mid $12,000s for trips to the Far East. From the Continent, a 56,000dwt ship was fixed delivery Baltic trip, redelivery East Mediterranean, in the mid $5,000s. Little encouragement was seen from Asia as well. A 56,000dwt vessel fixing delivery Philippines trip, via Australia, redelivery Singapore-Japan, at $5,000. A 52,000dwt ship fixing an Indonesia coal run to China at $4,400. There were a few green shoots appearing from the Indian Ocean, with a 61,000dwt vessel covering a trip delivery West Coast India, via Aqaba, redelivery East Coast India, at $6,500.
Handysize
A short week with the overall Baltic Handysize Index (BHSI) falling below 300 after the Easter weekend. By the end of the week, the BHSI had declined to the same level last seen in April 2016. Little fresh cargo emerged in key areas, with sentiment remaining negative throughout the week. Whilst the tonnage supply was getting more excessive in both Basins, brokers saw limited market information or movement, suggesting more pressure on owners to get their vessels fixed any closer to the level of last done.
Source: The Baltic Briefing
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Thursday, 05 March 20
INDONESIA'S BUKIT ASAM 2019 OUTPUT RISES 10.2% Y/Y - REUTERS
PT Bukit Asam, Indonesia’s state-owned coal miner, said on Wednesday its output in 2019 rose 10.2% to 29.1 million tonnes.
Coa ...
Thursday, 05 March 20
SEEING REMOTELY - IN SAFETY: BUREAU VERITAS PERFORMS FIRST SURVEY BY DRONE - BUREAU VERITAS
Bureau Veritas Marine & Offshore (BV), a world leader in testing, inspection and certification (TIC) services has completed its first survey by ...
Wednesday, 04 March 20
AN EPIDEMIC OF UNCERTAINTY - THE CORONAVIRUS AND FORCE MAJEURE - WFW
KNOWLEDGE TO ELEVATE
Do the effects of the coronavirus give rise to legitimate force majeure claims in connection with shipbuilding contracts ...
Wednesday, 04 March 20
CHINA IMPORTED 76.8 MLN TONNES OF CRUDE OIL FOR JANUARY & FEBRUARY 2020; UP 3.4% YOY - REFINITIV | BC
The COVID-19 crisis has been gripping China already for almost two months now. It’s having a huge negative impact on the economy, and this is ...
Wednesday, 04 March 20
MARKET INSIGHT - INTERMODAL
As it was expected, the whole world has been focusing on the spread of the Coronavirus, with the fast outbreak being primarily a massive humanitari ...
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- Therma Luzon, Inc, Philippines
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- India Bulls Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- PTC India Limited - India
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Kartika Selabumi Mining - Indonesia
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Maheswari Brothers Coal Limited - India
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- Posco Energy - South Korea
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- Central Electricity Authority - India
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- Oldendorff Carriers - Singapore
- Timah Investasi Mineral - Indoneisa
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- VISA Power Limited - India
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Anglo American - United Kingdom
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- Mjunction Services Limited - India
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- Salva Resources Pvt Ltd - India
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
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