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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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Tuesday, 23 May 17
TANKERS WEEKLY MARKET NOTE - ALLIED
It’s been a turbulent couple of weeks on the oil front, with the effectiveness of OPEC’s policy being under debate amongst most traders ...
Monday, 22 May 17
THE SHIPPING INDEX DECLINES AGAIN
COALspot.com: The Freight market again decline this past week, as BDI and all other indexes show a negative trend week over week.
The Baltic E ...
Friday, 19 May 17
U.S WEEKLY COAL OUTPUT UP 1.2% WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 13.5 million short ton ...
Thursday, 18 May 17
SUPRAMAX : COAL TRIPS TO CHINA WITH VESSELS OPEN INDO HAVE BEEN FIXED AROUND $8000
Supramax
Atlantic market has stayed quiet with no substantial developments.
Cont to Med scrap cargoes have concluded around 11k says Fearnle ...
Thursday, 18 May 17
SOUTHEAST ASIA CAN ACCELERATE ACHIEVEMENT OF PARIS AGREEMENT GOALS - WCA
Low emissions coal in Asia reduces more CO2 emissions than renewable investment in Western Europe.
Investing in low emissions coal plants in S ...
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- Indian Energy Exchange, India
- Aboitiz Power Corporation - Philippines
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- Directorate Of Revenue Intelligence - India
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- Eastern Coal Council - USA
- ICICI Bank Limited - India
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Independent Power Producers Association of India
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Mintek Dendrill Indonesia
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Ambuja Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- Wood Mackenzie - Singapore
- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
- The State Trading Corporation of India Ltd
- Vedanta Resources Plc - India
- PTC India Limited - India
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Indika Energy - Indonesia
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- Sree Jayajothi Cements Limited - India
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Power Finance Corporation Ltd., India
- London Commodity Brokers - England
- Planning Commission, India
- Simpson Spence & Young - Indonesia
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Wilmar Investment Holdings
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Port Waratah Coal Services - Australia
- Karaikal Port Pvt Ltd - India
- Parliament of New Zealand
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- Toyota Tsusho Corporation, Japan
- SMC Global Power, Philippines
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Petron Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Maheswari Brothers Coal Limited - India
- Xindia Steels Limited - India
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Mercator Lines Limited - India
- Bhatia International Limited - India
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
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