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Saturday, 13 October 18
SUPRAMAX: SIGNIFICANT ACTIVITY IN THE INDIAN OCEAN WAS EVIDENT AND RATES JUMPED - BALTIC BRIEFING
Capesize
A sharp reversal of fortunes for the big ships as the week closed after a depressed beginning. To start with drops were sudden, with the key West Australia/China rate falling over a dollar in one day, dropping Tuesday to $7.95 before climbing to $8,50 on Wednesday and finishing the week in the low $9.00s. Timecharter rates also rose sharply with a well-described 180,000dwt reaching over $20,000 daily for China delivery with West Australia rounds. Brazil loaders initially saw rates change little despite Vale allegedly fixing several ships as well as CSN. Rates from Tubarao/China most of the week failed to reach $21 but Friday saw a report of a 27-28 October cargo fixed at $21.00 and rumours of a second-half November cargo fixed at $22.50. The North Atlantic market was initially very slow, but here too rates barrelled higher despite little change in cargo volumes. A good spec 179,000dwt open Gibraltar, fixed a trans-Atlantic round at $18,000 daily with Skaw-Gibraltar redelivery, or, $20,000 daily if Cape Passero and a super eco achieved $23,750 daily from Gibraltar for a run from Bolivar to Rotterdam.
Panamax
Last week the North Atlantic firmed as sustained demand saw a clear out of most of the prompt tonnage. Several charterers took tonnage for two to three laden legs despite paying a premium, with modern Kamsarmaxes fixed at $18,000 redelivery Atlantic. The South was a little slower than previous weeks, with attention now focused on November stems, which, seemed less abundant. However, rates have so far remained steady, with well-described ships still commanding around $16,500 from Singapore. The Pacific began to look more positional, with very limited NoPac enquiry. The region has been underpinned by consistent Indonesian and Australian mineral demand. However, vessels open in the North seemed to be discounting to find cover. Period interest remained with several vessels now being taken in the Atlantic to cover both trans-Atlantic and front haul stems.
Supramax
A positive week overall with most routes seeing steady gains but US Gulf routes seeing slightly lower levels. Period activity increased with a 64,000dwt open in the Indian Ocean achieving $14,000 and a 58,000-dwt open South-East Asia fixed at $13,000, both for a short period.
Atlantic activity centred on the East Mediterranean, with Supramaxes achieving in the low $20,000s for trips via the Black Sea to the Far East. There was limited activity from the US Gulf region, with a 56,000dwt fixed delivery Huelvap, via North coast South America, to China, at $21,000. East coast South America remained steady, with good cargo volumes. Healthier numbers in the Asia market especially from South-East Asia with a 57,000dwt fixing delivery Vietnam, via Indonesia, to China at $13,000. Significant activity in the Indian Ocean was evident and rates jumped. A 57,000dwt fixed delivery South Africa to the Far East at $13,500 plus a ballast bonus in the low $400,000s.
Handysize
The BHSI remained positive last week with stronger numbers discussed particularly from the Black Sea-Mediterranean area. East coast South America and the US Gulf continued to improve, while the Pacific market remained largely flat. Increased activity in the Atlantic basin also included a tick more long and short period fixtures. A 30,000dwt open Turkey in the second half of October was recently fixed for one year at $9,750, but excluding trading in West Africa and with redelivery in the Atlantic. A 36,000dwt open Cuba was fixed at $13,500 for three to five months. A 30,000dwt open in the Continent was fixed at about $9,700 for the same duration, while a 38,000dwt open Abidjan was fixed for five to seven months at $12,000, all with redelivery in the Atlantic. A 37,000dwt open Canakkale was fixed at $18,000 for a trip to Morocco, with option redelivery Israel at $17,500. A 35,000dwt open Iskenderun was booked for a trip to the Continent at $13,000. A 27,000dwt and a 32,000dwt, both open Singapore, were fixed for a trip to the Persian Gulf at $7,500 with steel and $9,000 with alumina. A 38,000dwt open East Australia was booked at $13,500, redelivery Indonesia, with sugar.
Source: Baltic Briefing
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Wednesday, 17 October 18
SHIPPING MARKET INSIGHT - TIMOS PAPADIMITRIOU
In the last three months approximately 72 tankers changed hands involving ships larger than 33kdwt up to VLCC. 43 of those vessels had to do ...
Tuesday, 16 October 18
A PRACTICAL OVERVIEW OF THE IMO 2020 SULPHUR CAP - CLYDE&CO
KNOWLEDGE TO ELEVATE
With less than eighteen months before Regulation 14.1.3 of Annex VI of the MARPOL Convention comes into effect, there are ...
Wednesday, 10 October 18
SHIPPING MARKET INSIGHT - ILIAS M. LALAOUNIS
During the end of last month the BHSI was hovering around 630 points, while the last observed sale on a 10-yr old Japanese Handy was the M/V Van Im ...
Monday, 08 October 18
INDONESIAN THERMAL COAL PRICE REFERENCE FELL 3.74% IN OCTOBER 2018
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
Monday, 08 October 18
KOMIPO INVITES BIDS FOR 520,000 TONS OF COLOMBIAN ORIGIN OF 5,700 NAR COAL
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for 520,000 MT of min. 5700 NAR coal of Colombian origin ...
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- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- CNBM International Corporation - China
- Iligan Light & Power Inc, Philippines
- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- AsiaOL BioFuels Corp., Philippines
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- Coal and Oil Company - UAE
- Sakthi Sugars Limited - India
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- Pendopo Energi Batubara - Indonesia
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- Indian Energy Exchange, India
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Parry Sugars Refinery, India
- Planning Commission, India
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Port Waratah Coal Services - Australia
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Latin American Coal - Colombia
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- VISA Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Krishnapatnam Port Company Ltd. - India
- Jindal Steel & Power Ltd - India
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Metalloyd Limited - United Kingdom
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Parliament of New Zealand
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Australian Coal Association
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- Deloitte Consulting - India
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- Borneo Indobara - Indonesia
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- Videocon Industries ltd - India
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
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