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Monday, 26 June 17
PANAMAX/KAMARMAXES HAD A STRONG WEEK WITH RATES RISING IN MOST AREAS OF THE MARKET - BALTICEXCHANGE
 Capesize
A dark cloud appeared to have descended over the market for the big ships with rates continuing to slide in all areas. There was a report today that POSCO awarded a tender to Five Ocean to move a 20 July-3 August from Port Cartier to Pohang at a very low $12.85. There too was a rumour that Vale booked July tonnage for a cargo from Tubarao to Qingdao at $10.50 but details were not confirmed while a South Korean charterer allegedly paid $11.25 for a second half July cargo on this run.
In the east, the West Australia/China rate was hit hard with talk today of Rio Tinto booking a 9 July onwards cargo from Dampier to Qingdao at $4.65 registering a drop of 55 cents in a week. Timecharter rates too were sharply lower with eco ships barely fixing at rates in the $7,000s daily range.
Panamax
In contrast, panamax/kamarmaxes had a strong week with rates rising in most areas of the market and South America once again playing a pivotal role. North Atlantic rates were also strong with talk today of a 2015-built 77,119-dwt vessel fixing from Gibraltar spot for a trip via Kamsar to China at a sharply higher $19,000 daily although quick duration. The focus on round voyages in the north has been largely short haul cargoes from the Baltic to the Continent or Mediterranean with rates hitting $11,500 daily while grain charterers paid stronger numbers for cargoes from east coast South America to the Continent with a Kamsarmax fixing from Recalada to Skaw-Gibraltar at $14,000 daily. There were more charterers now prepared delivery for ships coming from the east or the Indian Ocean area for east coast South America/Singapore-Japan runs as aps rates continued to rise. A 2006-built 76,000 tonner fixed for 3 July onwards from east coast South America to the east at $11,000 daily plus a $575,000 bonus. A similar ship 2008-built was booked from Kandla for a trip via east coast South America to the east at $10,250 daily.
The pace quickened for NoPac cargoes as the week drew to a close with Louis Dreyfus paying a Kamsarmax open north China $9,000 daily for a NoPac round. Period trading continued to fuel this market with charterers conceding higher rates. A 75,700 tonner 2004-built fixed for eight to ten months trading with Norden at $9,750 daily basis Sual 13 July.
Supramax
The market in both the Atlantic and Pacific remained fairly firm especially with east coast South America and the US Gulf improving further towards the end of the week. Period fixtures were reported at $9,000 daily delivery mid China on an ultramax for about three to five months and $12,250 daily on a Tess 58 type delivery Liverpool for minimum four to maximum six months.
A 58,000-dwt was fixed at $19,350 daily delivery in the US Gulf for a trip to the Far East with grains and a 55,000-dwt went from the gulf to India with pet coke trip $20,000 daily. A 53,000-dwt delivery east coast South America was fixed to the east at $12,800 daily plus a ballast bonus of $280,000. A scrap trip was reported on a 50,000-dwt delivery Belfast at $10,750 daily to redeliver in the east Mediterranean.
A 56,000-dwt 2007-built delivery Singapore was fixed for a trip via Indonesia to Thailand at $8,000 daily. Nickel ore trips paid mid $9,000 daily on a 55,000-dwt experienced loader delivery in mid China for a round voyage and low $8,000s on a similar-sized delivery north China. A 53,000-dwt 2005-built did a steel trip from Tianjin at $7,250 daily redelivery in Southeast Asia.
Handysize
A positive week in the world of the BHSI and the last five days saw a small gain for all six routes. Sentiment remained firm going into the last week of June and the market still finely balanced. Owners resisted downward pressure from charterers who considered activity slowed. With the batch of European holidays that blighted May and early June now over brokers hoped for further gains in the near future.
The Pola Murom 2014-built 37,666-dwt was reported covered delivery dop Karmoy for a trip via Murmansk to River Plate at $6,500 daily. Continent scrap to the eastern Mediterranean was concluded at $9,000 daily for a vessel around the 35,000-dwt size. Brokers reported the Galene M 2011 built 33,158-dwt was fixed to MUR basis delivery Canakkale prompt for a trip via the Black Sea to the eastern Mediterranean at $6,000 daily. There was an unconfirmed report that a 30,000 tonner was taken for Brazil coastal trade at about $10,000 per day.
In Asia, a long awaited fixture surfaced of the Shan Hu Hai 2016 39,765-dwt which was open Kandla 23 June, fixed a trip to China at a rate in the high $6,000s. Very little information emerged this week from the Asian specialists.
Source: Baltic Exchange
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Wednesday, 05 July 17
TROUBLE SEEMS TO BE LOOMING ONCE MORE IN THE STEEL INDUSTRY - GEORGE LAZARIDIS
Trouble seems to be looming once more in the steel industry as US President Trump puts forth his plans for specialist protectionist measures for th ...
Friday, 30 June 17
U.S. WEEKLY COAL OUTPUT SLIGHTLY DOWN
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.6 million short tonn ...
Wednesday, 28 June 17
SHIPPING MARKET INSIGHT - TIMOS PAPADIMITRIOU
From the beginning of the year until now SnP activity has changed significantly. To put things into perspective, after a fast and furious q1 on the ...
Friday, 23 June 17
U.S. WEEKLY COAL PRODUCTION TOTALED APPROXIMATELY 15.8 MMST; UP 1.8% W/W
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.8 million short tonn ...
Wednesday, 21 June 17
MARKET INSIGHT - SHIPPING
Looking back at March and April shipping reports when the dry bulk indexes were starting to move up, a number of shipping analysts were stating tha ...
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Showing 2016 to 2020 news of total 6871 |
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- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- Grasim Industreis Ltd - India
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
- Parliament of New Zealand
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Krishnapatnam Port Company Ltd. - India
- Makarim & Taira - Indonesia
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Wilmar Investment Holdings
- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement PLC, Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- Videocon Industries ltd - India
- White Energy Company Limited
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- Agrawal Coal Company - India
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
- Sical Logistics Limited - India
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- Commonwealth Bank - Australia
- PNOC Exploration Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- Central Java Power - Indonesia
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
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