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Tuesday, 24 April 18
TWO 56K-DWT OPEN HONG KONG AND SINGAPORE WERE FIXED FOR INDONESIA COAL TRIPS TO CHINA, AT $9,500 AND $11,000 RESPECTIVELY - BALTIC BRIEFING
.jpg) Capesize
This week has seen the Cape 5 timecharter weighted average almost double. Similarly, the Brazil to China ore rates climbed over $4.50, from mid-$13.00s, to somewhere in the $18.00s. Despite all this activity, the West Australia ore rates have moved a modest amount. There have been daily fluctuations, with FMG paying $7.50 for a prompt ship, compared to rates of around the $6.50 level the previous week. Fewer fixtures have emerged on timecharter, with a 14-year old 180,000-tonner fixing from Rizhao for a round voyage in the East, at $15,000 daily. While earlier this week, the Aqua Vision (180,353 2011), open Zhuhai 20-23 April, went to Jiangsu Steamship in direct continuation for an Australian round voyage at $12,950. Saldanha Bay/Qingdao rates firmed, last done was $12.80 on the Mineral Stonehenge for early May loading to Anglo American. There was a little period activity, with ArcelorMittal re-letting the Pelopidas (176,006 2011), open China 1-5 May for 9-12 months, at $17,850, in addition to the Pacific Bulk vessel Cape Splendor (206,070 2014), agreeing $23,500 retroactive, sailing to Lanshan 10 April, for balance of period (about 7-9 months). However, in both cases a charterer was not reported.
Panamax
Period interest continued, despite the disparity with spot rates, with the ongoing improvement in the Cape market further boosting the sentiment. The paper market tried to bounce a few times this week, but the declining BPI repeatedly dampened resolve. The North Atlantic was very active in the first half of the week, with a decent clear out of early tonnage, however, rates still softened and there were many reports of ships fixed on timecharter, which, proved to be the equivalent to voyages rates. Further South, East coast South America maintained a reasonable cargo demand, but this was matched by supply, so rates drifted as the week progressed from around $16,500 plus $650,000 ballast bonus for front haul on a modern Kamsarmax, to around $15,500 plus $550,000 ballast bonus. The Pacific remained subdued throughout the week, with a lack of mineral cargoes and an abundance of early ships putting rates under pressure. Those particularly impacted, being Post Panamaxes, however, NoPac grains saw a steady volume of fixing, and rates here showed a little more resistance. Expectation was more optimistic for later dates, with several brokers noting healthy enquiry on forward positions.
Supramax
Overall a week lacking activity in the Atlantic, but some suggested a floor might have been found in certain areas. Most of the Atlantic routes made gains, and the US Gulf market was picking up again towards the weekend. However, it was also reported that a longer tonnage list was evolving in the Mediterranean, with more market players keen to take vessels for period in the area, but was still fairly flat in East coast South America. In the Pacific, it remained a struggle for the rates to achieve the last done level.
A 57,000-dwt open Canakkale, was fixed via the Black Sea and Red Sea, to redeliver in Port Said at $9,500 early part of the week. A 63,000-dwt open Iskenderun, was booked West Africa with clinker, at $10,500. From the US Gulf, a 58,000-dwt was fixed from South-West Pass for grain, to West coast Central America, at a rate around $20,000. Another Ultramax vessel went from the US Gulf area at $24,000 to the East. From East coast South America, a 58,000-dwt was fixed at $16,500 to the Mediterranean; another similar-sized agreed a trip to Adabiya, with redelivery in Port Said, at $17,000 basis, Tubarao delivery.
In the Pacific, steel runs from North China to South-East Asia, were reported ranging from $8,000 to $9,000. Nickel ore trips were fixed at $12,000 on Ultramax vessel open Thailand, or, $10,000 on a 53,000-dwt open South China. Two 56,000-dwt open Hong Kong and Singapore were fixed for Indonesia coal trips to China, at $9,500 and $11,000 respectively. A coal trip from Indonesia to West coast India, was reportedly done at the low $13,000s on a 58,000-dwt basis delivery Cebu, and $9,000 on a 56,000-dwt basis delivery South China. From the Indian Ocean, a 56,000-dwt delivery Bandar Imam Khomeini, was fixed for moving sulphur, via Iran, to China at $15,000. An iron ore trip from Iran to China paid $16,000 on a 58,000-dwt basis delivery Mesaieed.
Handysize
The Pacific basin saw a continuous fall throughout the week, and the negative sentiment continued in the US Gulf, while the rates struggled to push up further from East coast South America. Most of the areas remained largely flat. On the period front, a 38,000-dwt open Paranagua, was booked for four to six months at $13,000 redelivery in the Atlantic.
A voyage fixture of 40,000 tonnes, 10% stem, from Up-River to Algeria, was booked at $30.75, with 8,000mt load and 5,000mt discharge plus 5% total commission structure. A 28,000-dwt open Dneprobugsky, was fixed for a front haul business, with long duration, at a rate in the low $13,000s. A voyage fixture of 25,000-tonnes, 10% barley, was done from Rouen to Tunisia, at $23.75, with 10,000 mt load and 2,500 mt discharge. From the East, a 28,000-dwt open Busan, was booked for a trip via Japan to South-East Asia with scrap cargo, at $8,300. A 37,000-dwt open Lanqiao, was concluded to move logs from New Zealand to China, at $11,500. A 38,000-dwt open Sandakan was fixed for a trip, via Australia, to North China with alumina, at $10,250.
Source: Baltic Briefing
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Friday, 30 March 18
SHIPPING INDUSTRY CONFIDENCE HITS FOUR-YEAR HIGH - MOORE STEPHENS
Shipping Confidence Survey
In February 2018, the average confidence level expressed by respondents was up from 6.2 in November 2017 t ...
Friday, 30 March 18
EXPLAINING POLAND'S COAL PARADOX - FORBES
In the U.S. coal is succumbing to market forces despite the Trump Administration’s push to support the industry. Abundant, cheap and cleaner ...
Friday, 30 March 18
THIESS SECURES $140M MT OWEN INCREASE
Thiess has secured a A$140 million increase to its contract with Glencore for coal mining services at Mt Owen in the Hunter Valley, Australia. Mt O ...
Wednesday, 28 March 18
THIESS WINS $280M WAHANA EXTENSION
Thiess has been awarded a three-year $280 million contract extension at the Wahana coal mine in South Kalimantan, Indonesia.
According to Thie ...
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 ...
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- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
- The University of Queensland
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Global Business Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Wilmar Investment Holdings
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Savvy Resources Ltd - HongKong
- Barasentosa Lestari - Indonesia
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Eastern Coal Council - USA
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- Australian Coal Association
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- IHS Mccloskey Coal Group - USA
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- Sojitz Corporation - Japan
- Semirara Mining and Power Corporation, Philippines
- Interocean Group of Companies - India
- Indogreen Group - Indonesia
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Grasim Industreis Ltd - India
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Samtan Co., Ltd - South Korea
- PTC India Limited - India
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
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