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Thursday, 06 August 20
SUPRAMAX MARKET CONTINUED SIDEWAYS TREND, AND LITTLE INSPIRING NEWS APPEAR - FEARNLEYS
Capesize
There is presently a small correction in rates, but overall levels are up from previous week mainly due to increased demand in the East Fearnleys says in its latest weekly report.
The average BCI is up from 17,000 to just excess of USD 20,000 with c5 in the 8s pmt, compared to previous week sub 7. Brazilian iron ore, the c3 route is up one dollar, presently close to mid 18s pmt. Volume is relatively thin, but the sentiment looks positive.
Panamax
According to Fearnleys, the Panamax market took a turn mid last week, and has experienced firmer rates in both hemispheres. TA’s are now paying excess 12k for the longer runs, while the shorter are being paid in the 14k’s. In the Pacific, we see Aussie rounds being fixed in the 12k’s.
We do expect this firming tendency to remain short term with a short tonnage list – especially in the North Atlantic Fearnleys says. ECSA grain cargoes are still in a roll and being fixed at around15.5k+550k GBB, and we now also see the Black Sea grain market coming into play.
Supramax
The Supramax market continued sideways trend, and little inspiring news appear. Oversupply of tonnage in both basins putting pressure on the spot rates Fearnleys says.
We are missing fresh inquiries in the key areas to turn the bearish trend around. Period activity is limited, and very few charterers taking long term commitments. Q1 putting pressure on forward curve. USG and ECSA remain flat. The Black Sea expecting more activity on the grain side, but same still submerged. Fronthaul rates from the Black Sea to Far East fixing around USD 20k/day.
Fearnleys weekly report further noted, West African trips to China with manganese ore reported at the level of low USD 20k/day. NOPAC and Aussie round trips into China vary in region 9k/11k per day range depends on delivery and vessels specs. South East Asia trips to China were reported at the level of USD 8,500/9,500 per day. EC India remains strong and paying close to USD 15k/day on Supra and USD 17k/day on large units.
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Friday, 08 May 20
THE COLLAPSE OF THE OIL AND BUNKER FUEL MARKETS IN EARLY 2020 - PETER SAND
The sulphur regulation from the International Maritime Organization (IMO) that came into force on 1 January 2020 took the centre stage in the shipp ...
Friday, 08 May 20
LNG DEMAND FACED SEVERAL HEADWINDS IN THE FIRST QUARTER OF 2020 - GASLOG
LNG demand faced several headwinds in the first quarter of 2020 including a warmer than average winter in the northern hemisphere, high inventory l ...
Thursday, 07 May 20
IEEFA UPDATE: THE OUTLOOK FOR THERMAL COAL IN SOUTHEAST ASIA AND SOUTH ASIA
Seven headwinds are building to sustained growth in coal in Asia
The medium term outlook for thermal coal in Southeast Asia is posit ...
Thursday, 07 May 20
IMO 2020: BUNKER CLAIMS HANDLING GUIDE FOR A NEW DECADE - THE STANDARD CLUB
KNOWLEDGE TO ELEVATE
IMO 2020 is the term generally used to describe the following regulations under Annex VI of the International Convention ...
Thursday, 07 May 20
CRUDE OIL TANKER EARNINGS DROP 68% IN NINE DAYS - BIMCO
Crude oil tanker earnings have come down sharply in recent weeks with Very Large Crude Carrier (VLCC) earnings from the Middle East Gulf to China d ...
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- Neyveli Lignite Corporation Ltd, - India
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- Petrochimia International Co. Ltd.- Taiwan
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- Star Paper Mills Limited - India
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
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- Heidelberg Cement - Germany
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- Mercator Lines Limited - India
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- Australian Coal Association
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- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
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- SMC Global Power, Philippines
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- Bharathi Cement Corporation - India
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- Coalindo Energy - Indonesia
- The University of Queensland
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- GMR Energy Limited - India
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- Wood Mackenzie - Singapore
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- Planning Commission, India
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- Indika Energy - Indonesia
- Indogreen Group - Indonesia
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- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
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- Aboitiz Power Corporation - Philippines
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
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- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
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- Semirara Mining and Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
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- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
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- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
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- Lanco Infratech Ltd - India
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
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- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
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- Petron Corporation, Philippines
- GVK Power & Infra Limited - India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
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- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Latin American Coal - Colombia
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- Indonesian Coal Mining Association
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- Parry Sugars Refinery, India
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- Kohat Cement Company Ltd. - Pakistan
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- Tamil Nadu electricity Board
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- Indo Tambangraya Megah - Indonesia
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- Eastern Energy - Thailand
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- Wilmar Investment Holdings
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- Semirara Mining Corp, Philippines
- White Energy Company Limited
- PowerSource Philippines DevCo
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- Ministry of Mines - Canada
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- London Commodity Brokers - England
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Eastern Coal Council - USA
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- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
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- Goldman Sachs - Singapore
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
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- Billiton Holdings Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
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