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Monday, 01 June 20
SUPRAMAX: IN SOUTH EAST ASIA RATES TRADED SIDEWAYS - BALTIC BRIEFING
Capesize
A sober end to the week, with the market seemingly ready for the weekend. After a steady week of rate declines a small flurry of Atlantic business – combined with a little activity in the Pacific – managed to end the week up a tick. While a bottom may have been found, there’s no bull flags as the Capesize 5TC posted up +141 to settle at a low $3369. While most global routes – both on time-charter and voyage – varied little from opening levels at the beginning of the week, the Pacific Round C10 looks to have fared the worst dropping from $6563 to close the week at $4581. Bunker levels have once again been on a downward trajectory ending the week, although high versus low sulphur spreads are said to have widened. The Pacific C5 West Australia to China route settled the week at $4.123 – which equates to a little less than $3000 per day in earnings for a Capesize vessel – and leaves the market still trading well below operating cost levels.
Panamax
Various holidays at the start of the week failed to dampen the Panamax market, with significant gains made in index values. Transatlantic volume was thinner but positive sentiment radiated from good volumes and better rates on the fronthaul trips. South America remained the market’s driving force, with the second-half June arrival window absorbing several vessels throughout the week. Typically, some of the well described units were able to achieve in the region of $12,500+$250,000 mark arrival at South America. The P6 route gained value and was pegged well into the $9,000’s delivery Singapore by the end of the week, impacting positively on south positions in the Pacific basin. The week in Asia started slowly due to the holiday in Singapore. However, solid levels of demand from Indonesia and Australia soaked up tonnage and rates held steady throughout the week, with index tonnage yielding around the $7,250 mark.
Supramax/Ultramax
A short week with activity levels a little slower than the previous week. Period activity surfaced, which some saw as a positive move. There was a 60,000-dwt open north China fixing short period in the high $9,000s. Whilst from the Atlantic, a 58,000-dwt open Mediterranean fixed three to five months Atlantic trading at $8,500. Activity remained subdued from the US Gulf area with limited fresh enquiry. From east coast south America, tighter prompt tonnage helped rates. A 61,000 open up river Plate fixed at $11,250 – plus $125,000 ballast bonus for a trip to south east Asia. A mixed bag from the Asian arena, rates remained firm from the Indian Ocean. A 55,000-dwt fixing delivery South Africa trip Singapore-Japan at $11,500 plus $150,000 ballast bonus. In south east Asia rates traded sideways as the week ended, with a 58,000 fixed from Vietnam via Australia redelivery Singapore-Japan at $7,000. There was more activity on nickel ore business with a 57,000-dwt open CJK fixing in the mid $7,000s.
Handysize
A short week with east coast South America and the Pacific lending strong support for Handysizes. Slightly more cargoes circulated from the continent and Mediterranean, whilst owners showed some resistance towards the end of the week. Despite the US Gulf remaining weak, positive sentiment from other key regions pushed the rates higher and led the BHSI with a continued improvement. A 36,000-dwt was fixed from Liverpool for a trip to Darrow at $4,000. A 28,000-dwt open Myanmar end May was fixed at $6,750 for a trip via east coast India to China. A 39,000-dwt, meanwhile, was fixed from Esperance for a grain trip to China at $10,000. On the period front, a 33,000-dwt open in the Philippines in end June/beginning July was fixed on index-linked basis for about seven / nine months worldwide redelivery at 88 percent of BSI58 10TC.
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Friday, 10 July 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 ...
Friday, 10 July 20
GLOBAL SHIPPING EARNINGS FORECAST CUT AS SUPPLY SET TO OUTSTRIP DEMAND - MOODY'S
EBITDA forecast worsens, keeping outlook negative. We now expect the aggregate EBITDA of rated shipping companies to fall by around 16%-18% in 2020 ...
Friday, 10 July 20
SLOW RECOVERY IN TANKER RATES TO WEIGH ON BUANA LINTAS LAUTAN - FITCH RATINGS
Fitch Ratings believes that international tanker rates are likely improve after their sharp fall since May 2020, albeit at a slow pace. The weaknes ...
Wednesday, 08 July 20
MARKET INSIGHT - INTERMODAL
During the previous month, the dry bulk market witnessed an impressive increase in the BDI index that has reached 1800 points from 500 with a clear ...
Tuesday, 07 July 20
COAL INDIA WORKERS STRIKE CUTS OUTPUT BY 56%: OFFICIAL - REUTERS
A strike at Coal India Ltd cut production by 56% in the three days ending July 4 as workers oppose opening up coal mining to the private sector, a ...
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- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- MS Steel International - UAE
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- Romanian Commodities Exchange
- Intertek Mineral Services - Indonesia
- Baramulti Group, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- PowerSource Philippines DevCo
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Timah Investasi Mineral - Indoneisa
- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Aditya Birla Group - India
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- Kumho Petrochemical, South Korea
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- Australian Coal Association
- Larsen & Toubro Limited - India
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Attock Cement Pakistan Limited
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- The University of Queensland
- Merrill Lynch Commodities Europe
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- Kaltim Prima Coal - Indonesia
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- VISA Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- Energy Link Ltd, New Zealand
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Vedanta Resources Plc - India
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Eastern Coal Council - USA
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Trasteel International SA, Italy
- Bahari Cakrawala Sebuku - Indonesia
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
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