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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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Wednesday, 22 March 23
MARKET INSIGHT - INTERMODAL
The crude tanker market continues to gather momentum as we head towards the end of 1Q2023, against a backdrop of strong U.S. exports paired with a ...
Wednesday, 22 March 23
WILL LOWER GAS PRICES SPARK SWITCHING IN EUROPE AND ASIA?
Record high prices devastated demand for gas and LNG across Asia and Europe last year. But with prices falling, companies are starting to re-evalua ...
Monday, 20 March 23
NTPC MULLS 5.4 MILLION TONNES COAL IMPORT IN FIRST HALF OF 2023-24: PTI
State-run power giant NTPC is planning to import around 5.4 million tonnes of coal to meet the supply shortage during the first half 2023-24 fiscal ...
Monday, 20 March 23
S. AFRICA’S EXXARO RESOURCES SAYS COAL PRICES COOLING OFF - REUTERS
South Africa’s Exxaro Resources on Thursday posted a 28% jump in 2022 profit after seeing average coal prices surge more than 150%, but warne ...
Saturday, 18 March 23
RUSSIAN LNG EXPORTS TO EUROPE REMAIN HIGH - VESSELS VALUE
Russian LNG exports to Europe remained at very high levels in February at 3.6 million CBM, following a 13 month high in January of 4.1 million CBM. ...
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- Bangladesh Power Developement Board
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- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
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- Romanian Commodities Exchange
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- Chamber of Mines of South Africa
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- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
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- CIMB Investment Bank - Malaysia
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- India Bulls Power Limited - India
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- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- Interocean Group of Companies - India
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- GMR Energy Limited - India
- OPG Power Generation Pvt Ltd - India
- Electricity Authority, New Zealand
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
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- Mercator Lines Limited - India
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
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- Gujarat Mineral Development Corp Ltd - India
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- Price Waterhouse Coopers - Russia
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- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
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- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- PTC India Limited - India
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- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
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- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
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- The Treasury - Australian Government
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- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
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- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Borneo Indobara - Indonesia
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
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- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
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- Africa Commodities Group - South Africa
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- Australian Coal Association
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- Coalindo Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Petron Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- Orica Australia Pty. Ltd.
- MS Steel International - UAE
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Georgia Ports Authority, United States
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
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- Central Java Power - Indonesia
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- Bukit Baiduri Energy - Indonesia
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- Power Finance Corporation Ltd., India
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