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Monday, 13 August 18
A 50,200 DWT FIXED DELIVERY SINGAPORE TRIP VIA INDONESIA REDELIVERY CHINA IN THE LOW $10,000S - THE BALTIC BRIEFING
 Capesize
Expectations of a further push in the market were largely unfulfilled last week as rates come under pressure in Asia as the North Atlantic trading eased and rates slipped back.
According to the Baltic briefing, West Australia/Qingdao failed to reach $10.00 and dropped to around $9.50, with one charterer managing to secure a couple of ships at $9.20. A Singapore holiday disrupted trading, and the Australian miners were less visible, although Rio Tinto provided fresh interest as the week closed out. Timecharter rates also eased, with a 175,611dwt, 2011-built, open Bayuquan 11 August, fixed to Pacific Bulk and an Australian round at $20,500 daily, and then reportedly flipped out to K-Line at $500 more. Trading from Brazil was spasmodic, with Vale briefly appearing in the market again mid-week and linked with a couple of operators to move end of August/early September cargoes at $23.99, but without broker input. Other charterers were fixing around the low $24.00s but, with the list of ballasters shrinking for loading positions up to 10 September, many suggested rates could push higher. CSN late in the week took three or four ships at rates in the low $24.00s basis C3 terms.
the Baltic briefing further noted in its latest report published on 10 August, further north, the pace again slowed, and charterers were able to secure lower numbers, with rates on the key C7 Puerto Bolivar/Rotterdam route easing, and business concluded at $12.50. Fronthaul trading was slow, but a cargo was fixed from Seven Islands to Qingdao early in the week at a rate equating to the low $40,000s daily. There was some period activity but largely for short duration. K-Line earlier in the week took a 2011-built, 179,000dwt from CJK for four to six months trading linked to the BCI 5-timecharterer average.
Panamax
Commenting on Panamax, the Baltic briefing's weekly report says, last week followed the pattern of the previous week with rates under pressure everywhere. However, the Atlantic had a significant spike in activity on Wednesday which saw a clear-out of tonnage with rates flattening at the lower levels. Sentiment improved as the tonnage profile appeared much tighter in the north. EC South America saw a slight increase in rates for end August positions as a few inbound ships experienced delays, with a very well described Sanoyas newbuilding covered at $16,500, plus $650,000 ballast bonus to SE Asia, whilst activity for September cargoes so far appeared confined to the voyage basis. Despite some weather disruptions and an injection of fresh enquiry in the East, rates drifted lower throughout the week, with a holiday in Singapore not helping owners’ cause. Charterers remained relaxed and waited for lower offers to come to them as the Cape market and paper markets also softened. There was very little evidence of period trading, although one source suggested interest in short period increasing towards the end of the week.
Supramax
A split week, with the Atlantic overall remaining more positive whilst the Asian Basin lost ground. Very little activity on the period front was reported, although a 56,700dwt open Lianyungang was rumoured, covered for seven to nine months and trading at around $11,000.
Atlantic activity was focussed on the Northern Hemisphere. Brokers said very little fresh enquiry was seen from EC South America, keeping rates flat and moving sideways. A 63,300 dwt was reported to have fixed delivery up river for a trip to the continent for just under $15,000. Elsewhere, increased activity was seen from the USG, with an Ultramax fixed in the low $26,000s for a trip delivery to SW Pass – redelivery Singapore-Japan range – and, on the trans-Atlantic runs, an Ultramax booked for a trip to Alexandria at around $19,000. Similarly, stronger levels were reported from the Continent and Mediterranean, albeit on the Ultramax sizes: the 63,400dwt open Sea of Marmara fixed a trip Singapore-Japan at around $23,000.
With a holiday in Singapore the Asian market lacked impetus. From SE Asia limited coal stems kept a lid on market movement. A 50,200 dwt fixed delivery Singapore trip via Indonesia redelivery China in the low $10,000s. Very little fresh enquiry was seen from North Asia which again kept rates in check. The Indian Ocean saw more enquiry than of late and a 58,500dwt was reported to have fixed delivery to South Africa for a trip, with redelivery to the Far East at $12,200 with a $220,000 ballast bonus.
Handysize
Overall there was limited fresh handy sized cargo in the Pacific market last week, and the Singapore National Day holiday on Thursday further added to the lethargy, brokers said. In the Atlantic Basin, there was little change, with the USG remaining weak, but rates from the Skaw-Cape Passero range and EC South America slightly improved. A 35,000dwt, 2014-built, open upriver was fixed for a trip to WC South America at $13,750.
A 38,000dwt, 2016-built open Fortaleza, was fixed at $11,500 for the balance period, with minimum two-month redelivery worldwide up to mid-November. Early in the week in the Pacific, a 45,000dwt vessel, open Hong Kong, was booked for a trip to China with clinker at $8,350. A 37,000dwt, 2011-built vessel was paid $7,000 on first 65 days basis for Kohsichang delivery for a trip to West Africa, and $9,500 as the balance rates with three ports of discharge. Trips via Australia paid around $8,000 on a medium-sized handy ship basis for delivery Singapore and redelivery Singapore-Japan range. From the Indian Ocean, a 28,000dwt, 2012-built open Jebel Ali, was fixed to South Africa at $6,000 for the first 39 days and $9,500 afterwards. A 38,000dwt, 2015-built vessel was covered at $8,000 to run from Dahej to China, and a $32,000dwt, 2007-built logger, open Fujairah, was fixed for a trip via Ras Al Khaimah to WC India at $10,000
Source: The Baltic Briefing
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Thursday, 09 August 18
RIO TINTO COMPLETES SALE OF REMAINING COAL ASSETS
Rio Tinto has completed the sale of its remaining coal assets in Queensland, Australia, for $3.95 billion.
According to a noted post ...
Wednesday, 08 August 18
CHINA DEMANDS PREMIUM IRON ORE, COAL; MINERS MIXED IMPACT - FITCH RATINGS
China’s stricter environmental regulations and structural changes in its steelmaking industry boosts ongoing demand for high-quality iron ore ...
Wednesday, 08 August 18
SHIPPING MARKET INSIGHT - CHRISTOPHER WHITTY
Singapore's shipyard business has evolved over the decades, from shipbuilding and repairs to rig building. It's now evolving again, to cate ...
Friday, 03 August 18
PHEW! ASIA, EUROPE HEATWAVE PUSHES AUSTRALIA COAL PRICES TO 6-YEAR HIGH: REUTERS
Australian thermal coal prices have hit fresh six-year highs as a heatwave across the northern hemisphere has triggered a spike in demand for coal- ...
Friday, 03 August 18
HBA HAS RISEN 28.41 PER CENT IN A YEAR TO BE AT THEIR HIGHEST LEVELS SINCE JANUARY 2012
COALspot.com: The benchmark price of Indonesian thermal coal has risen 28.41 per cent in a year to be at their highest levels since January 2012.&n ...
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- Videocon Industries ltd - India
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- Anglo American - United Kingdom
- Australian Coal Association
- Chamber of Mines of South Africa
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- TeaM Sual Corporation - Philippines
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Orica Mining Services - Indonesia
- White Energy Company Limited
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- Port Waratah Coal Services - Australia
- South Luzon Thermal Energy Corporation
- Bhatia International Limited - India
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Lanco Infratech Ltd - India
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- Mintek Dendrill Indonesia
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- Parliament of New Zealand
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- Planning Commission, India
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- Aboitiz Power Corporation - Philippines
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- CNBM International Corporation - China
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Intertek Mineral Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- Wilmar Investment Holdings
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