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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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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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- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- Siam City Cement - Thailand
- TeaM Sual Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- ASAPP Information Group - India
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- White Energy Company Limited
- ICICI Bank Limited - India
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meralco Power Generation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- PTC India Limited - India
- Eastern Coal Council - USA
- Borneo Indobara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Central Electricity Authority - India
- Posco Energy - South Korea
- Georgia Ports Authority, United States
- PNOC Exploration Corporation - Philippines
- VISA Power Limited - India
- Global Coal Blending Company Limited - Australia
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Makarim & Taira - Indonesia
- Mercuria Energy - Indonesia
- The University of Queensland
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