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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
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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, in what appeared to be pre-holiday jitters, after climbing in excess of the mid-$7.00s before stalling. The Australian miners were taking ships, with Rio Tinto securing tonnage for 13 May onwards at the end of the week from Dampier to Qingdao at $7.25, but with improved drafts in Dampier, brokers said. Timecharter rates hovered around $16,000 to $17,000 daily for Australian round voyages. Brazil trading slowed after a sharp rate rise on the key Tubarao/Qingdao run, and although easing, rates were still around $18.00, however, with claims, a rate in the high $17.00s was agreed. Tonnage was tight in the North Atlantic, and rates pushed up, with reports of end-May cargo fixed from Puerto Bolivar at $10.40 basis Rotterdam. The transatlantic timecharter rate slipped, but was still close to $20,000 daily, although activity slowed, fronthaul rates were still in the low to mid $30,000 daily. With uncertainty going forward, and a flat forward paper curve, period trading slowed with some failing evidently. A 2011-built 176,000-tonner fixed this week for seven to ten months trading with first-half May, delivery China, at $18,500 daily. The gap remained wide between charterers and owners ideas for now.
Panamax
There were fewer period trades, as the bid/offer gap widened due to the declining spot market, but the few deals done were still at solid levels. Atlantic rates softened in the North due to the oversupply of tonnage, despite a relatively healthy amount of enquiry. Grain sales to China for the US stopped due to the introduction of the anti-dumping charges, and despite this leading to increased volume from an already busy East coast South American market, potential increases were off-set by the large number of ballasters and owners struggling to maintain rates. Modern Kamsarmaxes were fixing at $14,800 plus a $480,000 ballast bonus, but it was unlikely that this level would be on the table for very long, with sources suggesting mid-May cargoes have mostly been covered. The Pacific saw a touch more mineral demand, but rates in the South fell. Although the North experienced a flurry of greatly improved fixtures, mainly for NoPac cargoes, sources attributed this to the upcoming Golden Week in Japan, combined with a holiday in China (Monday and Tuesday). Regardless, the improvement was enough to see the BPI P3a rise unexpectedly on Thursday, when rates on other routes dropped, with the highlight a very well described Kamsarmax in Japan fixing at over $14,000 for a trip via NoPac to South China.
Supramax
With the onset of various holidays in the Asian sector next week, this basin saw more activity than the Atlantic this week. There was period cover sought, with a 63,000-dwt open CJK end April, fixed for four to six months, trading redelivery worldwide, at $13,000. While further South, a 56,000 open Kosichang was fixed for three to six months, redelivery worldwide, at $12,750.
A mixed bag from the Atlantic, with limited fixtures surfacing. A 58,000-dwt open Turkey was booked for a trip, via the Black Sea, redelivery Singapore-Japan, in the upper $17,000s. From the Continent, a 53,000-dwt was fixed for a scrap run from Liverpool to the Mediterranean, at around $14,000. An easing of interest from East coast South America saw a 55,000-dwt fix basis Recalada, for a trip to the Mediterranean, in the mid $14,000s. From the US Gulf, a 55,000-dwt open New Orleans early May, agreed a rate in the mid $15,000s to move wood pellets to the Continent.
There was a touch more nickel moved this week. A 57,000-dwt open Yangjiang, was fixed for a trip, via the Philippines, redelivery China, at $11,750. For coal runs, a 61,000-dwt was fixed basis delivery Surabaya, for a trip via Indonesia, redelivery India at $15,000. A 50,200-dwt open Phu My, also went for two to three laden legs redelivery worldwide, at $10,000. From the Indian Ocean, a 63,500-dwt was fixed for a trip delivery Mumbai, via West coast India, redelivery China, at $14,000. Finally, for South African business, a 63,500-dwt went delivery Krisnapatnam, via South Africa, redelivery Singapore-Japan range at $13,150.
Handysize
Overall it was a relatively slow week, with the week beginning much as it had finished the previous week. Lower rates were reported from East coast South America, US Gulf and the Pacific basin towards the end of the week. A 33,000-open West Mediterranean was reportedly fixed for three to five months, trading with worldwide redelivery at approximately $11,000. Another similar-sized open in the same area was concluded at $9,500 for two to three laden legs, with redelivery in the Atlantic at $9,500. From East coast South America, a 38,000 was booked to move grain to Spain at $12,750 – a rate brokers considered at the low end. From the US Gulf, a 35,000 did intra-Gulf business at around $8,000, and two 34,000s, open US East coast, were fixed to Veracruz at $6,500, and the Western Mediterranean at $10,000, respectively. In the Pacific, a 32,000-dwt open South China agreed $9,000 for a run via Vietnam, and redelivery in the Philippines. Similarly, a 28,000 open Singapore, was fixed to the Philippines at $8,500. A trip with limestone paid $9,000 on a 43,000 from Singapore to East coast India.
Source: Baltic Briefing
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Monday, 16 April 18
MINISTER IGNASIUS JONAN SPEAKS HIS MIND AT INDONESIA MINER - IAN WOLLFF
The Minister for Energy and Mineral resources, Ignasius Jonan, delivered a key note address at the Indonesia Miner conference in Jakarta on the 11 ...
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 l ...
Thursday, 12 April 18
SHIPPING CAN MANAGE US-CHINA TARIFFS, BUT RISKS RISING - FITCH
Container and, to some extent, dry bulk would probably be the shipping segments most affected by the recently announced US and China tariffs, Fitch ...
Thursday, 12 April 18
SUPRAS HAVE FIXED MID $11K FOR AN INDO RV TO S. CHINA DELIVERY PHILIPPINES - FEARNLEYS
Supramax
Slow week with little light for improving rates. ECSA to Far East still around $15k + bb and same to Med ca $14k, says Fearnleys in its ...
Thursday, 12 April 18
ALWAYS ACCESSIBLE
KNOWLEDGE TO ELEVATE
On 26 March 2018 Mr Justice Knowles determined that the berth warranty ‘always accessible’ must mean the vess ...
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Showing 1741 to 1745 news of total 6871 |
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- McConnell Dowell - Australia
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- Parliament of New Zealand
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- Therma Luzon, Inc, Philippines
- Australian Coal Association
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Attock Cement Pakistan Limited
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- Sakthi Sugars Limited - India
- Uttam Galva Steels Limited - India
- Planning Commission, India
- Ministry of Mines - Canada
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Bharathi Cement Corporation - India
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- Wood Mackenzie - Singapore
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Wilmar Investment Holdings
- VISA Power Limited - India
- Ministry of Transport, Egypt
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- Marubeni Corporation - India
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Minerals Council of Australia
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Vizag Seaport Private Limited - India
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- Oldendorff Carriers - Singapore
- Meenaskhi Energy Private Limited - India
- Medco Energi Mining Internasional
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- PTC India Limited - India
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- GN Power Mariveles Coal Plant, Philippines
- Essar Steel Hazira Ltd - India
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
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