We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 28 March 18
RIO TINTO TO SELL KESTREL MINE FOR $2.25 BILLION - REUTERS
Rio Tinto sold its remaining coal asset Kestrel in Australia to private equity manager EMR Capital and Indonesia’s Adaro Energy Tbk for $2.25 ...
Tuesday, 27 March 18
SHIPPING MARKET ANALYSIS - GERRY LATHROP
With the almost complete phase out of Tier II new-building slots on our door step, along with the plethora of emissions related articles seemingly ...
Friday, 23 March 18
RIO TINTO AGREES SALE OF HAIL CREEK AND VALERIA TO GLENCORE FOR $1.7 BILLION
Press Release: Rio Tinto has entered into a binding agreement with Glencore for the sale of its entire interests in the Hail Creek coal mine and th ...
Wednesday, 21 March 18
CHINA'S RAW COAL OUTPUT UP IN 2017, FIRST GROWTH SINCE 2014 - XINHUA
China’s raw coal output rose in 2017 due to rebounding demand and high-quality capacity, according to the National Bureau of Statistics (NBS) ...
Wednesday, 21 March 18
MARKET INSIGHT - CHRISTOPHER T. WHITTY
President’s Trump administration proposed tariffs on steel and aluminum imports in an attempt to target China and Europe among others. Earlie ...
|
|
|
Showing 1761 to 1765 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Minerals Council of Australia
- Romanian Commodities Exchange
- Rashtriya Ispat Nigam Limited - India
- Indian Energy Exchange, India
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Marubeni Corporation - India
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Eastern Coal Council - USA
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Sree Jayajothi Cements Limited - India
- McConnell Dowell - Australia
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- Coastal Gujarat Power Limited - India
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- International Coal Ventures Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- Eastern Energy - Thailand
- Price Waterhouse Coopers - Russia
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
- Toyota Tsusho Corporation, Japan
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Bangladesh Power Developement Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- VISA Power Limited - India
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Wilmar Investment Holdings
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Vizag Seaport Private Limited - India
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- Sojitz Corporation - Japan
- Australian Coal Association
- New Zealand Coal & Carbon
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- The State Trading Corporation of India Ltd
|
| |
| |
|
