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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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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.
...
Monday, 02 April 18
THIESS SECURES $240M SATUI EXTENSION
The successful implementation of an innovative mining plan by Thiess at the Satui coal mine in South Kalimantan, has resulted in a $240 million con ...
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- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- Global Business Power Corporation, Philippines
- Australian Coal Association
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- Indian Energy Exchange, India
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- The University of Queensland
- The State Trading Corporation of India Ltd
- Central Electricity Authority - India
- Dalmia Cement Bharat India
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Indian Oil Corporation Limited
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- ICICI Bank Limited - India
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Savvy Resources Ltd - HongKong
- Bhushan Steel Limited - India
- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Planning Commission, India
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- Minerals Council of Australia
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kalimantan Lumbung Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Oldendorff Carriers - Singapore
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- PTC India Limited - India
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- Bukit Makmur.PT - Indonesia
- Lanco Infratech Ltd - India
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- GVK Power & Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- Maheswari Brothers Coal Limited - India
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
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