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Thursday, 12 April 18
THE PERFECT STORM FOR THE BIG SHIPS - THE BALTIC BRIEFING
 Capesize
The perfect storm for the big ships: with holidays, force majeure in two ore exporting ports and bad weather undermining the market. A lack of significant activity from Brazil left the market one-sided, with owners/operators reluctant to ballast from the East, they instead chased the shorter rounds. Rates tumbled on the West Australia/China run, coming very close to dipping below $5.00. However, with voyage and timecharter rates so low, some owners stood back, with an uptick in paper values prompting resistance as the week closed out. There was talk of a C5 West Australia/China run for 25 April onwards booked at $5.30. Timecharter rates were still paying a premium to voyage, but dropped to four figures, with talk of under $8,000 daily close to fixing for an Australian round. Ships heading for Brazil saw rates fall sharply, with the Tubarao/China rate barely in the mid $12.00s.
A potential 90-day closure at Acu, Brazil, saw several ships freed up and competing for prompt cargoes. North Atlantic trading was extremely slow, and as the week closed out, a well-described 180,000-tonner fixed from Sines for a trip via Ponta Da Madeira to Turkey, at $7,500 daily basis, redelivery Cape Passero. Front haul trading was slow, but Oldendorff secured a 12-year old 180,000-tonner spot Falmouth, for a run East with various loading options, at $17,500 daily. Period rates have eased, but charterers continued to have an appetite for tonnage, albeit at lower levels.
Panamax
The week was disrupted due to the various holidays. Falling paper values meant period fixing dried up, but brokers suggested that charterers were still keen to take forward cover, although at discounted levels. The spot market in the Atlantic saw a significant correction this week, with early tonnage forced to chase the bids down to find cover, after a buildup of tonnage on the Continent. East coast South America remained busy, but again rates eased with modern Kamsarmaxes fixing at around $15,500 plus $550,000 ballast bonus compared to around $16,500 plus $650,000 ballast bonus the previous week.
The Pacific was hit even harder, with a lack of mineral cargoes blamed for falling rates, and the prevailing uncertainty deterring some owners from ballasting. A week ago, a modern Kamsarmax fixed, and failed, at $14,000 for a NoPac round voyage, and then re-fixed a few days later at $12,000 for the same route with rates taking further hits. Although a quiet end to the week, there was a consensus that the market was bottoming out, and an injection of fresh enquiry could see fortunes reversed.
Supramax
Due to the combination of holidays, both at the beginning and end of the week, together with some concern over possible trade wars, the market saw softer tendencies. Details of older period fixtures emerged, with a 57,000-dwt fixed basis delivery Zhoushan, for about five to seven months worldwide, trading at $12,500.
In the Atlantic, rates agreed were lower, but from East coast South America a 60,000-dwt was rumoured fixed basis delivery Recalada for a trip to China, in the upper $15,000s plus $575,000 ballast bonus. A 55,000-dwt was linked to a trip delivery where, when ready River Plate redelivery East Mediterranean, at around $18,000. Activity from the Mediterranean included a 53,000-dwt booked, delivery Constanza for a trip redelivery West Africa, at $11,550. Downward pressure remained in the US Gulf, with brokers reporting a buildup of tonnage. A 53,000-dwt was fixed in the high $13,000s, basis delivery Santa Marta trip to the UK, in the high $13,000s.
Asia did see similar activity levels to last week, but as the week progressed holiday fever took over. Nickel ore movements remained, with a 61,400-dwt fixed delivery CJK via Indonesia to China at around $13,000 to $14,000ss. A 56,000-dwt was reported fixed delivery Prai via Indonesia redelivery South East Asia, at $12,250. On the backhaul runs, an Ultra was rumoured fixed at $5,750 for the first 65 days, and thereafter, mid $13,000s, for a trip to the US Gulf. Little activity was reported from the Indian Ocean this week.
Handysize
A shorter working week in both the Atlantic and Pacific, as holidays in China from Thursday onwards slowed activity, especially in the Pacific. Rates from the US Gulf started to ease, while some larger-sized handy vessels were reportedly competing with Supramax stems in East coast South America. On the period front, a 45,000-dwt open Vietnam was booked for five to seven months at $11,500 daily redelivery worldwide. In the Atlantic, a 35,000-dwt was fixed to ARA-Ghent range at $10,400 daily, basis delivery in the Black Sea. A 28,000-dwt was booked with the same delivery for moving sulphur to Morocco at $10,000 daily. From East coast South America, brokers awaited the next fixture for a new benchmark to be set. In the East, a 37,000-dwt was reported to have fixed to move grain via NoPac, at $10,500 daily basis, delivery CJK.
Source: Baltic Briefing
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Tuesday, 01 May 18
SUPRAMAX: COAL RUNS, A 61,000-DWT WAS FIXED BASIS DELIVERY SURABAYA, FOR A TRIP VIA INDONESIA, RE-DELIVERY INDIA AT $15,000 - BALTIC BRIEFING
Capesize
Rates eased in the East, as the week closed out with the momentum slowing. Levels on the key West Australia/China run dropped to $7.25 ...
Tuesday, 01 May 18
GLOBAL MINER PEABODY EYES SALES OPPORTUNITY IN INDIA’S RISING COAL IMPORTS - BUSINESS STANDARD
Indian imports of coal will continue to rise, reckons the world’s largest private sector coal miner Peabody Energy. Glenn Kellow, president a ...
Saturday, 28 April 18
STRONG ASIAN DEMAND CONTINUES TO HOLD UP THERMAL COAL MARKETS - REUTERS
Asian thermal coal demand is defying its typical seasonal slowdown as well as the expanding use of renewables and natural gas, with prices holding ...
Friday, 27 April 18
PEABODY ENERGY'S REVENUES FOR THE FIRST QUARTER ROSE 10 PERCENT OVER THE PRIOR YEAR TO $1.46 BILLION
Peabody Energy's revenues for the first quarter rose 10 percent over the prior year to $1.46 billion driven by improved seaborne coal pricing a ...
Thursday, 26 April 18
BALTIC EXCHANGE LAUNCHES ESCROW SERVICE FOR VESSEL SALES
The Baltic Exchange will be launching an Escrow Service for its members to hold deposits for ship sale transactions. The move will allow Baltic Exc ...
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Showing 1731 to 1735 news of total 6871 |
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- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Kumho Petrochemical, South Korea
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Central Java Power - Indonesia
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Minerals Council of Australia
- SMG Consultants - Indonesia
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- Coal and Oil Company - UAE
- Sakthi Sugars Limited - India
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- PTC India Limited - India
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Anglo American - United Kingdom
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Planning Commission, India
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- Medco Energi Mining Internasional
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- Ceylon Electricity Board - Sri Lanka
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- Ind-Barath Power Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- CIMB Investment Bank - Malaysia
- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- Indika Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- White Energy Company Limited
- Sical Logistics Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
- Romanian Commodities Exchange
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Star Paper Mills Limited - India
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
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