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Sunday, 24 May 20
A 63,000 FIXED DELIVERY VIETNAM TRIP VIA INDONESIA REDELIVERY KOSICHANG AT $8,500 - BALTIC BRIEFING
Capesize
After a week of bounce momentum the market appears to have stalled out once again. The Capesize 5TC has more than doubled since last Friday and is now pricing at $4140 on the back of owners baulking at recent unreasonable lows. Atlantic routes, mainly fronthaul (C9) and Brazil to China (C3), have shown surprising resilience lifting in spite of dreadful fundamentals. A small boost of cargo has helped to keep the fronthaul route ticking over settling the week up +495 to $14730. The transatlantic trade has not shown any significant improvement with talk of force majeure now being banded around out of Colombia. Bunkers rates were seen to strengthen significantly this week assisting the bounce, as most routes had little fat left to absorb an increase in costs. The C5, being very sensitive to bunker levels, increased from $3.941 on Friday to a high of $4.782 before being down today to $4.541.
Panamax
The Atlantic Panamax market this week yielded little joy for owners, despite improved fixing activity during the second half of the week. Pure tonnage count far outweighed demand in the North resulting in easier rates, meanwhile out of South America the market here was slow to get started this week with wide bid/offer spreads. This appeared to level off by mid-week, with better sentiment for second half June arrival dates. Typically, for an 82,000dwt, the mean rate pitched at $11,500+$150,000 ballast bonus. By contrast, in Asia, the market here fared better and started strongly with healthy demand seen particularly from Indonesia and the NoPac. Mineral from Australia joining the party as the week drew to a close, NoPac and Australian rounds regularly featured around the $7,000 mark and with support emanating from ECSA there was an improved – albeit small – amount of optimism in the pacific basin.
Supramax/Ultramax
Overall a positive week for BSI despite widespread holidays. Period activity came back into the arena with a 63,000-dwt open Philippines fixing at $8,500 for 6-9 months trading. The Atlantic started the week on a sideways trend. But as the week progressed many said a more positive feel was appearing in many areas except from the US Gulf, which lacked fresh enquiry. From the Mediterranean, a 56,000 was fixed delivery Turkey for a grain’s run to China at $12,000. The Indian Ocean remained firm with strong demand for vessels an Ultramax fixing delivery east coast India for a trip to China at $9,000 plus $150,000 bonus – and a 56,000 covering a trip delivery Singapore via east coast India redelivery China in the low $9,000s. Further east a 63,000 fixed delivery Vietnam trip via Indonesia redelivery Kosichang at $8,500. Whilst a 56,000-dwt fixed delivery Singapore trip via Indonesia to China in the mid-low $7,000s.
Handysize
The BHSI continued to improve in the positive territory this week. Limited activity reported from the US Gulf, Continent and Mediterranean – but east coast South America showed firming signs throughout the week with tick more cargoes out in the region. There was also talk that all foreign-flagged dry bulk vessels arriving at Recalada pilot station area will have to comply with a 14 day quarantine period. It was not clear how the new restriction would be implemented, but ballasters were certainly discussing higher numbers with the charterers. A 28,000-dwt was fixed from Recalada for a trip to east Mediterranean at $6,000 and a 35,000-dwt open Alexandria 28 May was fixed for a trip to the US Gulf at $4,000 for the first 40 days and $6,000 thereafter. In the east, positive sentiment lended support with the Pacific routes indices further climbing. A 32,000-dwt was fixed from north Vietnam for a clinker trip to China at $4,000.
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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- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- PTC India Limited - India
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Holcim Trading Pte Ltd - Singapore
- CIMB Investment Bank - Malaysia
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Star Paper Mills Limited - India
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- Planning Commission, India
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- Karaikal Port Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kepco SPC Power Corporation, Philippines
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- The University of Queensland
- Mercator Lines Limited - India
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Indonesian Coal Mining Association
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Global Green Power PLC Corporation, Philippines
- Antam Resourcindo - Indonesia
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- Videocon Industries ltd - India
- White Energy Company Limited
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- Australian Coal Association
- Dalmia Cement Bharat India
- Commonwealth Bank - Australia
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- Gujarat Sidhee Cement - India
- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Ministry of Mines - Canada
- ASAPP Information Group - India
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Central Java Power - Indonesia
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