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Saturday, 06 April 19
SUPRAMAX: IT WAS A POOR WEEK OVERALL FOR THE BALTIC SUPRAMAX INDEX, WHICH LOST GROUND - BALTIC BRIEFING
.jpg) Capesize
The Capesize market over the past week looked to have found a floor on Tuesday with the BCI 5TC at $3460 before firming into the rest of the week, ending at $4881. Iron ore cargo trades from West Australia to China dominated early week business, while the Atlantic basin became active mid-week. A slim but constant trickle of business was heard out of Brazil heading to China, but details were hard to confirm. Thursday saw a flurry of North Atlantic fronthaul tenders by Korean and Japanese charterers. The North Atlantic tonnage situation is currently tight, with little activity. These tender fixtures gave an immediate lift to rates, lifting the bid offers in the Atlantic basin. Ending the week, holidays in the East made for a quiet market, while most eyes were fixed on tracking Cyclone Wallace’s arrival in what is hoped to be the last cyclone in the Pilbara region of West Australia for this season.
Panamax
Overall a relatively flat week, with a healthy volume of fixing. The Pacific has been heavily reliant on Indian coal demand for support. That has favoured the Kamsarmaxes which have been fixing in the mid/high $8,000s from North China via Australia, with the Panamaxes having to discount to compete. Despite small flurries of activity both Indonesia and the North Pacific were slower last week, which has put rates under some pressure. South America continued to be the driving force in the Atlantic, with a midweek surge in fixing from the North coast lifting rates for tonnage open around Gibraltar/Jorf Lasfar. This was supported by constant East Coast fixing, mainly, for end April dates. Tonnage supply appeared to be building in the North Atlantic, as transatlantic demand slowed. There was very little period talk, but a modern Kamsarmax fixed for nine to twelve months delivery Southeast Asia in the low $11,000s.
Supramax
It was a poor week overall for the Baltic Supramax Index (BSI), which lost ground. Period activity was limited, a 61,000dwt ship open Vietnam for mid-April was fixed one option, one year’s trading, at $11,500 and $12,500 respectively. East Coast South America remained active. A 52,000dwt vessel was fixed basis delivery Recalada for a trip to the Mediterranean at $13,000. From the US Gulf there was limited fresh enquiry, a 61,000-tonner was fixed to Egypt in the $13,000s. The Mediterranean and Continent also lacked impetus. With mid-week holidays in Indonesia, and in China later in the week, the basin lacked support, with limited fresh inquiry. A 60,000dwt ship was fixed delivery Kosichang trip via West Australia, redelivery China, at $9,000. A 58,000-tonner was covered basis delivery Singapore trip via Indonesia, redelivery South China, in the low $8,000’s. There was limited action from the Indian Ocean, a 63,300-dwt was fixed for South Africa redelivery Southeast Asia in the low $12,000s, plus $200,000 ballast bonus.
Handysize
The Baltic Handysize Index (BHSI) started to fall when it moved along to April, after having a good March, with all rates staying in the positive territory. Most of the index routes lost ground last week with key areas like the US Gulf and East Coast South America softening throughout the week. A 38,000dwt vessel open Denmark was fixed for moving a scrap cargo to the East Mediterranean at $11,850. A 33,000dwt ship was fixed from Santo Tomas de Castilla for a trip with nickel ore to the East Mediterranean. Another 37,000-tonner was booked from Southwest Pass to West Coast South America at $9,000, with end April dates. Meanwhile, the Pacific market also showed more signs of weakening once it was April. A 34,000dwt ship open CJK was reportedly fixed for a trip to redeliver in Israel at a rate around $4,000, and a 33,000dwt vessel, open Ulsan, was booked for a cement trip to Singapore at $7,750.
Source: Baltic Briefing
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Sunday, 07 April 19
IMO 2020: READY OR NOT? - WOOD MACKENZIE
New Year’s Day 2020 is firmly marked in the calendar as the refining and shipping industries prepare for change.
The International Marit ...
Saturday, 06 April 19
AUSTRALIA COAL POSTS BIGGEST WEEKLY DROP IN A DECADE AMID WEAK DEMAND - REUTERS
Australian thermal coal prices this week registered their biggest weekly fall since the financial market turmoil of a decade ago as demand plunged ...
Thursday, 04 April 19
OVERSUPPLY STILL MAJOR CHALLENGE WARNS ICS
Speaking in Istanbul, Simon Bennett, Deputy Secretary General of the International Chamber of Shipping (ICS) warned that avoiding overcapacity and ...
Thursday, 04 April 19
GLENCORE, TOHOKU ELECTRIC SET COAL CONTRACT PRICE AT $94.75/T - SOURCE, REUTERS REPORTED
Global miner Glencore and Japan’s Tohoku Electric Power agreed on a price of $94.75 per tonne for supplies of thermal coal from Australia for ...
Monday, 01 April 19
FORCE MAJEURE SUCCESS NOT A SEA CHANGE - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE
It is difficult to successfully argue that contractual performance has been prevented or delayed by force majeure. This i ...
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Showing 1411 to 1415 news of total 6846 |
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- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- The Treasury - Australian Government
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- PTC India Limited - India
- Cement Manufacturers Association - India
- GAC Shipping (India) Pvt Ltd
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- ICICI Bank Limited - India
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- Chamber of Mines of South Africa
- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- Indika Energy - Indonesia
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- San Jose City I Power Corp, Philippines
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
- Mercuria Energy - Indonesia
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- Kalimantan Lumbung Energi - Indonesia
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Central Java Power - Indonesia
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Larsen & Toubro Limited - India
- Bhatia International Limited - India
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- Grasim Industreis Ltd - India
- The University of Queensland
- India Bulls Power Limited - India
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- MS Steel International - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
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