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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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Saturday, 18 March 23
HEDGE TO OFFSET LNG VOLATILITY, TRADERS TOLD - BALTIC EXCHANGE
A shift in imports from Asia to Europe led to significant volatility in liquefied natural gas shipping last year, prompting industry experts to urg ...
Friday, 17 March 23
INDONESIAN COAL PRICE REFERENCE UP AROUND 2.17% IN MARCH 2023
COALspot.com: Indonesian Coal Price Reference up around 2.17% in March 2023.
According to the new HBA regulation No. 41.K/MB.0 ...
Saturday, 11 March 23
MARKET INSIGHT - INTERMODAL
Uncertainty over the recovery of Chinese demand, demand destruction in Europe, as well as weather conditions will pivot the LNG market this summer. ...
Wednesday, 08 March 23
INDONESIAN COAL REFERENCE PRICE FORMULA HAS OFFICIALLY CHANGED
Indonesian Minister of Energy and Mineral Resources has officially changed the guideline for determining the benchmark price for the sale of coal c ...
Thursday, 02 March 23
INDIA'S SEABORNE CRUDE OIL IMPORTS IN 2022 INCREASED BY 11.5% YOY - BANCHERO COSTA
2022 has turned out to be a very positive year for crude oil trade, despite the surging oil prices and risks of economic recession, Banchero Costa ...
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- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- ICICI Bank Limited - India
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- Sindya Power Generating Company Private Ltd
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- McConnell Dowell - Australia
- Petron Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- Videocon Industries ltd - India
- Independent Power Producers Association of India
- Global Business Power Corporation, Philippines
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
- Sakthi Sugars Limited - India
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- Larsen & Toubro Limited - India
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Ministry of Finance - Indonesia
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- London Commodity Brokers - England
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- Bahari Cakrawala Sebuku - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- Madhucon Powers Ltd - India
- VISA Power Limited - India
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- Thai Mozambique Logistica
- Agrawal Coal Company - India
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
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