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Monday, 27 April 20
A 58,000DWT VESSEL WAS FIXED DELIVERY SINGAPORE TRIP VIA INDONESIA, RE-DELIVERY WC INDIA, AT $4,500 - BALTIC BRIEFING
Capesize
The tide turned this week for the Capesize market, as voyage rates registered dramatically falling fuel costs. This was led primarily by weakness in the energy market, as the global supply of oil continues to mount. US suppliers are finding storage levels are brimming, while being reluctant to turn off the taps. The Capesize 5TC peaked early in the week at $10,081, before gains were gradually eroded down to $8,381 by Friday. Fixture activity was relatively strong throughout the week, with a flurry of cargoes fixing out of Brazil to China across a wide range of dates. West Africa and Eastern Canada to China were also notable on fronthaul activity. The Brazil to China C3, while active, shed over $1.60 to settle down at $10.505. The Pacific had a reasonable flow of trade before petering out on Friday. The West Australia to China C5 settled Friday at $4.073, down -$0.84. Along with the oil, Brazilian iron ore forecasts for the 2020 year were revised down by Vale this week. Cashflow troubles were heard out of a Steel maker in India, as Covid-19 continues to wreak havoc on the world markets.
Panamax
The Panamax market had a real directional shift this week, with the Baltic Panamax Index (BPI) veering negative for the first time in over two weeks. East Coast South America grain activity, so often the market driver, has come under pressure this week, with a vast amount of ballasters from Asia compounding the issue. With varying rates being fixed, the mean rate averaging out was at around $8,750 for 82,000dwt, basis delivery Singapore. Elsewhere in the Atlantic, trans-Atlantic demand has failed to deliver again despite some increased activity from North Coast South America. In Asia further falls were witnessed, and despite cargo volume remaining steady week on week, the tonnage count began to build. This counter balanced charterer’s standpoint, and consequently lower bids, with $6,500 being agreed on an 80,000dwt ship for a North Pacific round. Some period deals were agreed. An 82,000dwt ship agreeing to $6,100 for the first 55 days, $9,835 thereafter, for seven to nine months. An 81,000dwt vessel achieved $10,000 for 12 months earlier in the week.
Supramax/Ultramax
As the week ended, there was a change in direction from some areas, with vessels in Southeast Asia seeing rates from where they are open rather than absorbing ballast time. Other areas remain finely balanced, but some brokers saw more enquiry from East Coast South America. However, this has yet to be seen on rate values. There was limited activity on the period front. A 58,000dwt vessel open Nantong fixing in the mid $3,000s for the first 30 days, with $7,750 for balance of period up to five months. From the Atlantic, a 63,000dwt ship was fixed for a trip delivery US Gulf, redelivery China, at $13,000. From East Coast South America a 58,000dwt ship fixed a trip to Algeria in the low-mid $6,000s. From Asia, a 58,000dwt vessel was fixed delivery Singapore trip via Indonesia, redelivery West Coast India, at $4,500. From the Indian Ocean, a 53,000dwt vessel fixed for a trip East Coast India, redelivery China, at $5,000 for the first 35 days then balance $7,500.
Handysize
The same trend continued from last week, with limited activity reported from either Basin. There was a minimal gap reported among the four Atlantic and three Pacific routes. From Upriver region, Handysize vessels were competing with bigger sizes as the draft further dropped. East Coast South America coastal trips were reported at the level of $3,000 to $4,000. Inter-Mediterranean trips were at rates in the mid $4,000s. For a mid-large sized delivery in the Black Sea, a trip to the US Gulf paid in the range of $4,000 to $5,000 and slightly higher level for redelivery in the Continent. Otherwise little was reported from the Pacific.
Source: The Baltic Briefing
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Thursday, 04 June 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Thursday, 04 June 20
DON'T FORGET THE REAL PURPOSE OF RISK ASSESSMENTS - GARD
KNOWLEDGE TO ELEVATE
When doing a risk assessment, we often overcomplicate it and forget its real purpose.
Rather than ensuring that crew ...
Wednesday, 03 June 20
MARKET INSIGHT - INTERMODAL
Once again shipping is about to venture into uncharted waters and before the challenges of the past decade are forgotten, shipowners will have to o ...
Tuesday, 02 June 20
KOSPO LOOKING FOR 80000 MT OF 4200 NCV COAL FOR JULY
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for 80,000 Metric Tons (MT) 4200 NCV coal for 12 - 21, July ...
Tuesday, 02 June 20
INDONESIAN COAL MINER BUMI RESOURCES Q1 OUTPUT UP 5% - REUTERS
Indonesia’s largest coal miner Bumi Resources posted a 5% increase in first-quarter output at 20.8 million tonnes, the company said in a stat ...
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- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Krishnapatnam Port Company Ltd. - India
- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- The University of Queensland
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- Global Business Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- VISA Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Global Green Power PLC Corporation, Philippines
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TeaM Sual Corporation - Philippines
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Videocon Industries ltd - India
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- Ministry of Mines - Canada
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
- Malabar Cements Ltd - India
- ICICI Bank Limited - India
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- Ind-Barath Power Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- Uttam Galva Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- Anglo American - United Kingdom
- CNBM International Corporation - China
- Bhatia International Limited - India
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- White Energy Company Limited
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- Directorate Of Revenue Intelligence - India
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Edison Trading Spa - Italy
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- GMR Energy Limited - India
- Bhushan Steel Limited - India
- Agrawal Coal Company - India
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- Lanco Infratech Ltd - India
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