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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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Thursday, 01 February 24
CHINA'S WIND, SOLAR CAPACITY TO OVERTAKE COAL IN 2024 - INDUSTRY BODY, REUTERS REPORTED
China’s installed wind and solar capacity is expected to overtake coal for the first time this year, according to industry forecasts.
&nb ...
Thursday, 01 February 24
ANTI-DEDUCTION CLAUSES: CAN A CHARTERER WITHHOLD HIRE WITHOUT AN OWNER'S CONSENT? - SKULD
KNOWLEDGE TO ELEVATE
Summary
In The Anna Dorothea, the Court found that where a charterparty provides that no deduction from hire may be m ...
Thursday, 01 February 24
INDIA REBUILDS COAL STOCKS TO ENSURE ELECTRIC RELIABILITY - REUTERS
India’s electricity supply is much more comfortable at the start of 2024 than in either 2023 or 2022 as coal production has ramped up and the ...
Wednesday, 31 January 24
CHINA'S INNER MONGOLIA COAL OUTPUT HIT 1.21B TONS IN 2023 - XINHUA
North China’s Inner Mongolia autonomous region churned out 1.21 billion tons of coal in 2023 as it strives to guarantee the country’s e ...
Wednesday, 31 January 24
GAS EXPORTS COST U.S. CONSUMERS MORE THAN $100 BILLION OVER 16-MONTH PERIOD - IEEFA
Limited Demand Growth Could Dampen the Dry Bulk Market in the Coming Months BIMCOStarting in late 2021—before its invasion of Ukraine—R ...
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Showing 16 to 20 news of total 6843 |
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- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Planning Commission, India
- Maheswari Brothers Coal Limited - India
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Minerals Council of Australia
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Mintek Dendrill Indonesia
- Iligan Light & Power Inc, Philippines
- Parry Sugars Refinery, India
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- ASAPP Information Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- Kumho Petrochemical, South Korea
- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- The Treasury - Australian Government
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Lanco Infratech Ltd - India
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- GVK Power & Infra Limited - India
- Siam City Cement - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- Pendopo Energi Batubara - Indonesia
- GMR Energy Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Larsen & Toubro Limited - India
- White Energy Company Limited
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- Electricity Generating Authority of Thailand
- Australian Coal Association
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Trasteel International SA, Italy
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- Maharashtra Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
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