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Saturday, 02 May 20
SUPRAMAX: ASIA, STRONGER NUMBERS - A 55.000-DWT WAS FIXED FROM INDONESIA TO CHINA IN THE MID $6,000S - BALTIC BRIEFING
Capesize
A tepid week for the big ships, as macro concerns continued to weigh heavily on the index. All of the major voyage routes lost value, with the exception of the C5 West Australia-China route, which traded up a modest $0.21 on the week, on a steady fixing cadence by the majors. The Pacific basin broadly remained the stronger of the two, whilst the Atlantic witnessed further weakness on Thursday, with “K” Line reported to have fixed an end May 180,000 mt Sudeste/Qingdao at $9.80, from which some in the market extrapolated a weaker equivalent $8.80/$9.00 C3 Tubarao-Qingdao.
The weakness appeared to extend to the North Atlantic too, where the Berge Stanley (2011 180,145dwt) was rumoured to have fixed the timecharter equivalent of approximately $14,500 basis delivery Rotterdam for a fronthaul, although others said that the actual number was higher – irrespective the C9 Continent/Med fronthaul route lost some $3,613 on the week. The widely-observed May Day holiday on Friday, may well offer some brief, but welcome respite.
Panamax
The week appeared to be one of consolidation for owners, with various holidays impacting trade. The North Atlantic appeared severely under pressure with little demand. Several short Baltic rounds were concluded – the mean nestled at around the $4,000 mark. May cargoes ex South America continued to be fixed as we enter peak period for the South American grain market with Kamsarmax types still able to achieve $10,000 delivery SE Asia/India whilst the smaller LME types around $9,000 same basis. The Pacific was very much mineral driven, with a good volume of activity from various loading areas, with coal into China and some into India again dominant. Sources suggested this was now the direction of choice, meaning rate levels to remain in the Pacific had come under a little pressure, although so far this remained very positional. Some improved activity out of South Africa on coal shipments bought some solace to the post Panamax market.
Supramax/Ultramax
A more positive feel in the market during the week with the Asian arena seeing better demand, but it remains to be seen if this will continue with widespread holidays coming up. No period activity surfaced, with a wide spread between owners’ and charterers’ expectations. From the Atlantic, east coast South America remained fairly flat with a 63,000-dwt fixing a trip to Singapore-Japan at $11,500 plus $150,000 ballast bonus. The east Mediterranean spiked a little with a 58,000-dwt fixing a trip delivery Canakkale via Black Sea to China at $13,500 – albeit for a fairly quick trip. From Asia, stronger numbers – a 55,000-dwt was fixed from Indonesia to China in the mid $6,000s, and an Ultramax open south China fixed a round voyage with nickel ore at $7,000. From the Indian Ocean, a 55000-dwt fixed basis delivery Richards Bay trip to south east Asia at $7,500 plus $75,000 ballast bonus.
Handysize
The market saw a ray of hope for ships trading from the east coast South America this week, with more activity reported from the region. The draft in the Upriver area stopped decreasing however the tonnage list was still described as long. There was talk of some mid/large Handysize vessels fixing since early/mid of the week from south Brazil to Morocco/Continent direction in the $5,000s, which brokers considered as an improvement.
A grain house fixed a large Handysize from Paranagua for a transatlantic trip at a rate in the mid $4,000s. Meanwhile the pressure remained in the Continent / Mediterranean and US Gulf with tonnage building up. A 34,000-dwt was fixed from the US Gulf for a trip to Morocco at $4,000. In the Pacific, little demand from the Far East continued but more stems were reportedly seen from Australia. A 28,000-dwt open north China was fixed at $2,000 basis CIS for a short round trip.
Source: The Baltic Briefing
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Thursday, 09 November 23
GREEK AND CHINESE COMPANIES OWN 34% OF THE GLOBAL FLEET’S CARGO CAPACITY - BIMCO
“The global fleet of cargo carrying ships consists of around 61,000 ships with a deadweight capacity of about 2,200 million tonnes. The ships ...
Monday, 23 October 23
CHINA SEPT COAL OUTPUT HITS SIX-MONTH HIGH ON RISING POWER DEMAND - REUTERS
China’s September coal output rose 0.4% from August to the highest level since March, official data showed on Wednesday, on rising power dema ...
Monday, 23 October 23
INDIA COAL INVENTORIES DROP AT FASTEST PACE IN TWO YEARS, BOOSTING IMPORTS - REUTERS
Coal inventories at Indian power plants in the first half of October fell at their fastest rate in two years, an analysis of government data showed ...
Tuesday, 19 September 23
LNG SHIPPING STOCKS: THE ASIAN GROWTH UP-INDICES
Last week, the UP World LNG Shipping Index (UPI) gained 3.81 points or 2.51%, closing at 155.85 points. This index tracks the performance of LNG sh ...
Sunday, 10 September 23
GOLDMAN SACHS PREDICTS OIL PRICE TO HIT $100 ON OPEC CUTS - YAHOO FINANCE
Oil supply cuts by Saudi Arabia and Russia could lead to Brent crude jumping as high as $107 a barrel in 2024, Goldman Sachs Commodities Research h ...
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- ICICI Bank Limited - India
- PTC India Limited - India
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- GVK Power & Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- Thai Mozambique Logistica
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Riau Bara Harum - Indonesia
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- London Commodity Brokers - England
- Planning Commission, India
- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Electricity Generating Authority of Thailand
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- Sakthi Sugars Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Latin American Coal - Colombia
- Central Java Power - Indonesia
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- Australian Coal Association
- The State Trading Corporation of India Ltd
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- Borneo Indobara - Indonesia
- Parry Sugars Refinery, India
- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Minerals Council of Australia
- Heidelberg Cement - Germany
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Bukit Makmur.PT - Indonesia
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
- Videocon Industries ltd - India
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- Toyota Tsusho Corporation, Japan
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- Sical Logistics Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
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