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Monday, 07 November 16
HANDYSIZE: THE ASIAN INDICES RECORDED A GRADUAL DROP EVERY DAY - THE BALTIC BRIEFING
Capesize
A rumour-fuelled market this week but essentially rates a touch firmer and owners cautiously optimistic. The flotilla of vessels heading to Brazil appeared to have thinned and some higher rates emerging as the week closed out. After failing at $10.75 for a November and a December cargo from Tubarao to Qingdao, Panocean booked tonnage for 20-30 November at $11.25.
BTG fixed a 10-20 December 160,000 tonne 10% cargo from Itaguai to Qingdao at $11.55. A well-described 179,000 tonner fixed from Flushing via Baltimore to India at $18,000 daily. Transatlantic trading was limited with rates for Puerto Bolivar to Rotterdam hovering around the mid $6.00s.
In the East, West Australia/China rates slipped under $5.00 at the beginning of the week and then recovered as the week closed out to $5.50. Time charter trading was slow although there were ships here booked for Brazil rounds with a 10 year old 171,000 tonner fixed from CJK at $10,500 daily.
Period activity included a report that a 175,000 tonner 2011 built fixed for CJK delivery for 12 months trading at $8,000 daily or the low $8,000s.
Panamax
It was a cautious end to the week with the slowdown in activity impacting on the Atlantic market generally. Rates slipped with news that a major grain house secured a 2010 built kamsarmax from the US Gulf for 14-15 November dates for the run east at $10,900 daily plus a $285,000 bonus. Further north, tonnage remained tight but there were fewer short haul cargoes, but there remained transatlantic interest from the US/Canadian east coast. An 83,000 tonner spot Amsterdam was rumoured fixed with redelivery Gibraltar with grain at $11,000 daily.
In the East, rates topped out and slipped as the week closed out. Demand was healthy but the tonnage list continued to grow as more arrived from the US and east coast South America with grain cargoes. Owners were increasingly wanting period cover for the rest of the year and the uncertain first quarter. Round voyage rates for average panamaxes slipped under $7,000 daily but the more eco kamsarmaxes saw $8,000 daily for NoPac rounds, but one booked at that rate has since failed. Period rates for kamsarmaxes for the longer duration up to 11 months or so were hovering around $7,000 daily.
Supramax
A well-attended Eisbein festival this week resulted in a slow end. Period information was hard to find but a Tess 52 was fixed on subjects basis delivery Persian Gulf for two to four months at $6,750 daily while the same size open in South Korea was said to have accepted $6,250 for short period with a few other negotiations on going.
A 63,000 dwt was linked to a Setubal to West Africa run at $11,500 daily and a 53,000 toner fixed delivery Gibraltar via Spain to West Africa at $13,000 daily.
The CMB Coralie 53,463 dwt concluded a trip delivery El Dekheila to Bangladesh with grains at $10,750 daily.
This week the US Gulf to Skaw-Passero took over the front haul rates. One ultramax of 63,233 dwt fixed at $14,100 daily delivery US Gulf for a trip redelivery SE Asia while a 58,000 tonner secured $15,000 daily with a petcoke cargo to Skaw-Passero.
Brokers reported a 56,000 dwt built 2006 was covered delivery Recalada for a trip to the Persian Gulf at $10,000 daily plus a $100,000 ballast bonus. A transatlantic trip into the Baltic from the River Plate was fixed at $8,750 daily with a 55,442 dwt vessel.
Asia reported a number of fixtures but all tending to be less than last done. The Bao Resource 2011 built 56,582 dwt fixed delivery CJK trip redelivery Yangon at $5,500 daily. There was talk of 53,000 tonners fixing from South Kalimantan to Thailand at $6,700 daily and to China at $6,250 plus a bonus of $15,000.
The Santa Virginia 2014 built 61,271 dwt open Chittagong fixed $5,000 dop for a trip via east coast India to China. Sources revealed today a 60,000 dwt vessel was on subjects delivery Prai for an Australian round voyage at about $6,300 daily. Back haul was paying $4,000 daily with a Tess 58 agreeing this basis delivery CJK for a trip via Japan to West Africa. Other smaller vessels were reported as achieving about $3,500 daily for similar business.
Handysize
The Asian indices recorded a gradual drop every day this week and brokers said ships have started to build up. The US Gulf sector has fared the best with rates improving, probably on the back of the increased volume for the supramax sizes. After its recent success there has been a drop this week for deliveries east coast South America.
The Continent to Mediterranean run continued to pay rates around the mid $7,000s. The Crimson Majesty 2013 built 38,058 dwt was linked to a trip the East at about $11,000 daily with delivery Continent. A vessel fixed this week from the Black Sea to the US Gulf this week around $7,500 daily. Sources advised the KBS Star 2007 built 30,548 dwt fixed delivery Nemrut Bay for a trip via the Black Sea to the Adriatic at $8,250 daily. It was revealed that a 33,000 tonner was fixed delivery US Gulf for a trip to Continent at $8,000 daily with handysizes US Gulf to west coast Central America now seeing at least $12,500 daily. The Interlink Fidelity 38,800 dwt 2015-built concluded a trip delivery Houston to Morocco at $8,500 daily with Cargill. Unconfirmed reports emerged of a 34,000 dwt booked delivery Houston trip to South Africa at $9,000 daily.
In Asia brokers advised the Daiwan Brave 2014 built 34,358 dwt secured $6,300 daily basis delivery Fangcheng prompt dates for a trip via New Zealand with redelivery China.
Source: The Baltic Briefing
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Wednesday, 26 October 16
SHIPPING MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
If the finale of a thriller movie finds the leading actor successfully surviving after all the sacrifices he has made, the audience presumes this t ...
Tuesday, 25 October 16
INDONESIAN COAL PRICES MARCH HIGHER CONTINUES
COALspot.com: A rally in thermal coal prices over the past few months, after years of decline, is still continuing and it is expected to rally at l ...
Tuesday, 25 October 16
THINGS ARE SLOWLY STARTING TO IMPROVE AS CORRECTIONS ARE MADE - ALLIED
It seems as though left, right and centre, all we see nowadays is the word “restructuring”.
There is restructuring amongst bankers ...
Monday, 24 October 16
KOMIPO INVITES BIDS FOR 0.78 MILLION TONS OF BITUMINOUS COAL
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 780,000 Metric Tons of Bituminous Coal for its B ...
Monday, 24 October 16
U.S WEEKLY COAL PRODUCTION DECLINED 3.2% TO 16 MMST WEEK OVER WEEK
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16 million short tons ...
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- Alfred C Toepfer International GmbH - Germany
- Bhushan Steel Limited - India
- Ministry of Mines - Canada
- Economic Council, Georgia
- Thai Mozambique Logistica
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Global Coal Blending Company Limited - Australia
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- Essar Steel Hazira Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Merrill Lynch Commodities Europe
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- Petron Corporation, Philippines
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Bhatia International Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Star Paper Mills Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- Kartika Selabumi Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- Pipit Mutiara Jaya. PT, Indonesia
- Standard Chartered Bank - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Australian Coal Association
- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
- Rashtriya Ispat Nigam Limited - India
- Metalloyd Limited - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
- Sree Jayajothi Cements Limited - India
- Kideco Jaya Agung - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- Banpu Public Company Limited - Thailand
- Bukit Makmur.PT - Indonesia
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Bukit Asam (Persero) Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- Marubeni Corporation - India
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- London Commodity Brokers - England
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
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