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Tuesday, 03 July 18
SUPRAMAX: A 56,000-DWT WAS FIXED BASIS DELIVERY SINGAPORE TRIP VIA INDONESIA, REDELIVERY CHINA, AT $12,100 - BALTIC BRIEFING
.jpg) Capesize
The market generally drifted and by mid-week dropped to what some felt was an artificially low level, only to bounce back at the end of the week to better levels as more cargo was quoting in both the Pacific and Atlantic.
Ore movements from West Australia were being fixed at around $7.20 level before dipping to $6.75 mid-week. By Thursday, Oldendorff had fixed Mingwah tonnage at $6.95 for mid-July loading and the sentiment was suggesting $7 might be breached again.
The KEPCO tender for Newcastle to Dangjin loading 16/20 July was awarded to Hyundai Glovis at $9.61.
US Steel fixed NYK tonnage for their 120,000 10% cargo from Quebec to Oita loading end July at around $32. Rates from Brazil nudged up a shade with recent fixtures like NYK’s ‘Lowlands Orchid’ (176,193 2005) loading Tubarao 20/25 July at $19.75 to Trafigura, while the ‘Ocean Confidence’ (174,332 2005 Daelim re-let) was loading 15/24 July at $19.80 to Polaris. Today there is talk of the ‘Gotia’ (178,010 2012 Phaethon re-let) fixing basis Sudeste to China with an eta of 24 July at $22.15 to Trafigura.
The Berge Weisshorn (171,995 2004) is said to have fixed trans-Atlantic business, but it is not certain whether on T/C basis or voyage, with rumours of a rate around $10.75 for Bolivar to Rotterdam being mentioned to Oldendorff.
Panamax
Finally, a week bereft of holidays and the market appeared to consolidate. The Atlantic saw more enquiry in the North for both front haul and trans-Atlantic trades, which has led to a clear out of tonnage, with rates stabilising and in some cases showing improvement. EC America was again very active and consumed a lot of ballasters. However, a weak Ultramax market has seen them take a few smaller stems, with an end July cargo from Paranagua to China fixed at $35.25 per mt this week, compared to $36.00 per mt last week. Despite this, in general, timecharter levels remained flat. The Pacific also began to turn the corner, with renewed grain enquiry in the North and more mineral business from Australia. However, the early ships continued to struggle to find cover and even the normally busy Indonesian market experienced a slower week. Owners are still being drawn to EC South America, and there was also more period interest as the paper market showed some improvement, with the next expected move likely to be up.
Supramax
With both basins struggling, it was a week full of negative sentiment. With less enquiry and longer tonnage lists, all routes lost ground. Despite the gloomy feel period activity remained. A 63,000-dwt open West Africa was covered for eight to ten months, trading at $14,000. From the East, a 60,400-dwt was reported fixed basis delivery Ganyu end of June for four to six months redelivery worldwide at $14,000.
In the Atlantic, pressure remained on rates, especially from the Eastern Mediterranean, with a ready supply of tonnage. An Ultramax was fixed at under $16,000 from here to the Far East. From the Continent, scrap continued to move, albeit with weaker rates. A 53,000-dwt was reported covered delivery Antwerp for a trip East Mediterranean at $11,900. Little activity from the US Gulf again this week, an Ultramax was linked to a front haul at close to $22,000 at the beginning of the week. From EC South America, limited activity, an Ultramax was on subjects for a trip to SE Asia at around $14,000 plus $400,000 ballast bonus.
The Asian market also lacked impetus. A 58,000-dwt was rumoured fixed basis delivery Dalian for a NoPac round redelivery Cebu at $11,350. Further south, a 56,000-dwt was fixed basis delivery Singapore trip via Indonesia, redelivery China, at $12,100. In addition, a 55,800-dwt was reported failed basis delivery Map Ta Phut, redelivery Chittagong, at $13,000. The Indian Ocean also had a lacklustre feel, but a 57,000-dwt was reported basis delivery Hazira trip via Bandar Abbas, redelivery EC India, at $15,000.
Handysize
Overall it was a dull week, with a single-digit drop for the Handysize index throughout the week. Most of the routes slipped in both the Atlantic and Pacific basin. On the period front, a 35,000-dwt 2018-built open Casablanca in early July was fixed for the balance of period for about five to seven months at a rate in the $11,000s. In the Mediterranean and the Black Sea area, a 31,000-dwt open Canakkale was failed for a trip via the Black Sea to the US Gulf at $7,500 for the first 40 days and $8,500 thereafter, and failed again for a similar run at $7,750 and $8,850 respectively. Another 33,500-dwt open Iskenderun, was later booked for this route at $6,500 for the first 40 days and $8,500 afterwards. There was also talk of a Handymax fixing at mid $12,000s for a Black Sea to Ravenna trip, whilst a 27,000-dwt open spot in Canakkale was reportedly failed on subjects for a trip to the similar redelivery at $8,000. A 35,000-dwt open Hamburg was fixed for a trip to the East Mediterranean at low $11,000. In the East, a 34,000-dwt open Cebu was fixed to run via Indonesia to Vietnam at $8,500.
Source: Baltic Briefing
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Thursday, 21 June 18
CHINESE REDUCED COAL IMPORT RESTRICTIONS - CAIXIN GLOBAL
Caixin Global reported that the Chinese government has reduced restrictions on coal imports at the nation’s major ports in response to concer ...
Thursday, 21 June 18
INDIAN GOVERNMENT ADMITS COAL SHORTAGE, ASKS DISCOMS TO IMPORT - TIMES OF INDIA
Times of India reported that the power ministry has advised all state governments and private power distribution companies to import coal as Coal I ...
Tuesday, 19 June 18
WCA RESPONDS TO BP STATISTICAL REVIEW OF WORLD ENERGY 2018
Responding to BP’s Statistical Review of World Energy 2018, Benjamin Sporton, Chief Executive of the World Coal Association (WCA) said, &ldqu ...
Wednesday, 13 June 18
U.S. COAL PRODUCTION TO DECLINE BY 2% TO 756 MILLION SHORT TONS MMST IN 2018 - EIA
EIA forecasts U.S. coal production to decline by 2% to 756 million short tons (MMst) in 2018.
According to EIA's Short-Term Ener ...
Wednesday, 13 June 18
SHIPPING MARKET INSIGHT - SOPHIE COTZIAS
2018 marks quite a few milestones for Greek Shipping. No need to detail again the greatness of Greek Shipping or the singular position that Greek s ...
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Showing 1696 to 1700 news of total 6871 |
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- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Rio Tinto Coal - Australia
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- The University of Queensland
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- Trasteel International SA, Italy
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- ASAPP Information Group - India
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Interocean Group of Companies - India
- Ministry of Transport, Egypt
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- VISA Power Limited - India
- Siam City Cement - Thailand
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Bhatia International Limited - India
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Makarim & Taira - Indonesia
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Vedanta Resources Plc - India
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Central Java Power - Indonesia
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Planning Commission, India
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- Mercator Lines Limited - India
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Timah Investasi Mineral - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
- Coalindo Energy - Indonesia
- Parliament of New Zealand
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