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Monday, 19 March 18
PANAMAX: DESPITE FEWER REPORTED PERIOD TRADES THIS WEEK, RATE LEVELS HAVE REMAINED SOLID - BALTIC BRIEFING
 Capesize
There were finally reports of increased Brazil activity, but still largely unconfirmed. Vale reportedly took six ships Thursday for 5 April onwards, from Tubarao to Qingdao at $14.90, with three for delivery North West Europe, and three ballasters from the East. This may provide a much-needed boost to the Atlantic market, which took a big hit on Thursday, with a cargo fixed from Ponta Da Madeira to Dunkirk West and East, at just $6.50. There were various reports suggesting the time charter equivalent, but the consensus was that it equated to under $5,000 daily.
A couple of ships were also taken from the Continent/Baltic for two to three laden legs, one 2016-built and one 2007-built, with Atlantic redelivery at rates linked to the BCI. Despite steady activity from West Australia to China, rates slipped, but, so far, were holding over $6.00. Both Rio Tinto and FMG fixed rates ranging from $6.05 to $6.15 for late March liftings. Time charter activity was limited, but sources continued to suggest that rates were around the upper $11,000 daily for BCI types, however, some were less optimistic over current rates. There has been some coal moving from East coast Australia, but, again, having little impact on rates. Despite the spot market being under pressure, period rates have been holding, with a 181,000-tonner, 2014-built, fixing from Shanghai end-March, for 12 months at $21,000 daily. A 14-year old 175,500-tonner, early April Qingdao, reportedly went for 22 to 24 months, trading at $17,250 daily.
Panamax
Despite fewer reported period trades this week, rate levels have remained solid. Charterers are still looking to take forward cover and modern Kamsarmaxes, achieving $15,000 daily, or more, for around six months employment. Transatlantic trades, in general, were steady, with premiums for INL breaching and trips into the Mediterranean. The front haul market saw an improvement, with US Gulf grains reappearing after a period of inactivity. A 2006 built Panamax fixed at $19,500 daily, delivery Cape Passero, for a trip via the US Gulf and Panama to the East. East coast South America remained active, but rate levels were date dependent. Vessels arriving 10-20 April saw better numbers than their earlier counterparts, although rates for the prompter ships were still firm. The volume of fixing in the Pacific so far this week will probably lead to a quiet slide into the weekend. However, the firm undertone remained, with a well described 77,000 deadweight, open Japan, fixing at $16,000 daily for a NoPac round voyage. There remained a shortage of early round voyage candidates, and with owners able to consider ballasting south as well, the outlook in the short term was expected to remain firm.
Supramax
It was a better week across the board, with the Atlantic seeing increased activity, and, in some areas, rates improving. Overall, there was a positive feel to the Pacific market. Period activity was seen; with a 58,000-dwt open North China, fixed for a balance of a period of about six to eight months, trading at $12,750.
Some improved levels were seen from the US Gulf, and a 53,400-dwt was booked for a front haul in the mid $20,000s. An Ultramax went at around $27,000 for a similar destination. The East Mediterranean saw strong numbers mid-week, with a 60,000-dwt fixing delivery Damietta, for a trip via the Black Sea to China at $22,000. However, towards the end of the week, some said it might be cooling off. From the Continent, scrap cargoes moved, with a 57,000-dwt fixed from Rotterdam to the East Mediterranean at $16,500. Little surfaced from East coast South America, but some said rates were slowly improving with a lack of prompt tonnage.
Again reasonable levels were seen in the Asian markets. A 58,700-dwt was fixed delivery North China for two laden legs redelivery worldwide at $12,150. Further South, a 56,800-dwt was reported covered basis delivery Singapore trip via Indonesia, redelivery China, at $14,500. A 61,000-dwt was also fixed at Singapore via Indonesia, redelivery India, at $16,000. From the Indian Ocean, a 61,000-dwt open West Coast India, was booked for a trip redelivery China in the mid-low $16,000s. A 56,100-dwt was fixed basis delivery South Africa, for a trip to Singapore-Japan at $13,000 plus $300,000 ballast bonus.
Handysize
Overall a fairly quiet week with little reported. There was minimal activity East coast South America, with easing rates for Handysize vessels. The US Gulf market again improved, but brokers suggested the gap between the owners and charterers had widened by the end of the week. The rates from the Pacific continued to climb and showed no signs of weakening.
A 30,000-dwt open Casablanca, was fixed at $12,000 for a trip to West Africa. From East coast South America, Handy vessels were booked to West coast South America at $16,000 daily, or, $10,000 daily for a coastal trip to South Brazil. In the East, a 39,000-dwt open South China, was booked for a trip via Indonesia to China at $10,750 daily. Similar rates were reported on a smaller-sized Handy vessel, open Kosichang to China, moving tapioca chips. A trip for Australia to the Far East, paid in the low $15,000s for a 38,000-dwt open close to the loading port, or mid-U$12,000 daily basis delivery, Port Kelang.
Source: Baltic Briefing
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Friday, 06 April 18
TOP MINER BHP QUITS WORLD COAL ASSOCIATION OVER CLIMATE CLASH - BLOOMBERG
BHP Billiton Ltd. has severed ties with the World Coal Association over a clash of views on how to combat climate change, with the mining giant say ...
Thursday, 05 April 18
INDONESIA TO POSTPONE NEW COAL, PALM OIL SHIPPING RULES TO 2020 - REUTERS
Indonesia will delay until 2020 trade rules requiring exporters of coal and crude palm oil to use only Indonesian-flagged vessels, government offic ...
Tuesday, 03 April 18
MARKET ANALYSIS - GEORGE LAZARIDIS
In the midst of a relatively quiet week for markets, with disruptions being caused by the Christian holidays, it seems as though we find ourselves ...
Monday, 02 April 18
THE FREIGHT RATES ARE EXPECTED TO BE FLAT TO SOFT, SAYS VISTAAR
The freight market softening to continue. Thursday, March 29, 2018, the Baltic Dry Index decreased by 42 points, reaching 1080 points.
T ...
Monday, 02 April 18
THIESS TO DELIVER $150M SENAKIN CONTRACT EXTENSION
Thiess has secured a $150 million contract extension to provide mine services at Arutmin’s Senakin coal mine in South Kalimantan, Indonesia.
...
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- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- PTC India Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dalmia Cement Bharat India
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Grasim Industreis Ltd - India
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Uttam Galva Steels Limited - India
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Jaiprakash Power Ventures ltd
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- New Zealand Coal & Carbon
- Semirara Mining Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- Coalindo Energy - Indonesia
- Anglo American - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Posco Energy - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Orica Australia Pty. Ltd.
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Indonesian Coal Mining Association
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- Deloitte Consulting - India
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhatia International Limited - India
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- Kartika Selabumi Mining - Indonesia
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Aditya Birla Group - India
- Energy Link Ltd, New Zealand
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- Ministry of Finance - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- Electricity Authority, New Zealand
- Agrawal Coal Company - India
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Energy Development Corp, Philippines
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Barasentosa Lestari - Indonesia
- Mercator Lines Limited - India
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Standard Chartered Bank - UAE
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