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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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Wednesday, 07 March 18
WHEN AN IRRESISTIBLE FORCE MEETS AN IMMOVABLE OBJECT - GARD
KNOWLEDGE TO ELEVATE
Negotiable bills of lading are fundamental to trade. As documents of title, they are essential to the sale and carriage o ...
Wednesday, 07 March 18
SHIPPING MARKET INSIGHT - GIANNIS ANDRITSOPOULOS
The comparably small upside Handysize asset values have noted compared to other sizes since the historical lows of the dry bulk market in combinati ...
Tuesday, 06 March 18
FOREIGN INVESTORS ALLOWED TO BID FOR BIG MINING CONCESSIONS - THE JAKARTA POST
The government has allowed foreign investors to bid for mining concessions with a total area of more than 500 hectares, while smaller areas will be ...
Tuesday, 06 March 18
LNG VESSELS HAVE EMERGED AS THE FASTEST GROWING SEGMENT FOR THE WATERWAY - GERRY LATHROP
The day was July 25th 2016, a partly cloudy day on the Panama canal, and to most people a rather innocuous day without any real merit, however in s ...
Friday, 02 March 18
ANGLO AMERICAN COMPLETES SALE OF ESKOM-TIED THERMAL COAL OPERATIONS IN SOUTH AFRICA
Anglo American plc (“Anglo American”) confirms completion of the sale of its Eskom-tied domestic thermal coal operations in South Afric ...
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- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- Toyota Tsusho Corporation, Japan
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Romanian Commodities Exchange
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- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Kapuas Tunggal Persada - Indonesia
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- VISA Power Limited - India
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- Simpson Spence & Young - Indonesia
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- Deloitte Consulting - India
- Bukit Baiduri Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- CIMB Investment Bank - Malaysia
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Altura Mining Limited, Indonesia
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Holcim Trading Pte Ltd - Singapore
- Xindia Steels Limited - India
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Sical Logistics Limited - India
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Coastal Gujarat Power Limited - India
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- Planning Commission, India
- Karaikal Port Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- Central Electricity Authority - India
- Aditya Birla Group - India
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- PTC India Limited - India
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- SN Aboitiz Power Inc, Philippines
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Merrill Lynch Commodities Europe
- Vedanta Resources Plc - India
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
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