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Saturday, 20 October 18
PANAMAX: THE PACIFIC SAW A LARGE VOLUME OF FIXING, WITH INDONESIA AGAIN THE DRIVING FORCE - THE BALTIC BRIEFING
Capesize
A positive end to last week after a shaky start, with a Coaltrans taking participants out of the market early on and with rates slipping. However, rising iron ore prices and renewed talk of Vale fixing ships from Brazil for early November, from Tubarao to Qingdao, in the low $20.00s, steadied nerves. Others fixed later November cargoes, allegedly at timecharter rates, equating to around $22.50. West Australia/China rates slipped to the low $8.00s but resistance was evident as the week closed, with rates nudging the mid-high $8.00s with reports of ships fixing on timecharter showing over $9.00. The North Atlantic was slow, although a 6-15 November, 160,000dwt, 10% cargo, fixed Puerto Bolivar/Rotterdam at just under $10.00. A well described 180,000dwt, with Gijon delivery secured $22,000 or $22,500 daily for a transatlantic round. NYK secured an NSSMC tender midweek to move a cargo from Port Cartier to Japan on voyage, but a timecharter equivalent in nearing $35,000.
Panamax
Coaltrans, in Barcelona early last week, disrupted trading with many travelling. However, the second half of the week failed to show improvement. The North Atlantic was bereft of fresh enquiry for most of the week, although a well described Imabari 84,000dwt fixed a US Gulf round voyage at $19,500 from the Continent. However, this was a fleeting high point as only prompt ships seemed to cover, while the rest waited, hoping for new business. The South American market was unusually slow with early ships still able to fix at strong numbers, evidenced by an October Kamsarmax fixing, basis Cape of Good Hope, at $18,150 plus $425,000 ballast bonus. But again, this appeared to be an exception, as most charterers with November stems held off and bid below last done. The Pacific saw a large volume of fixing, with Indonesia again the driving force, and vessels in the South maintaining strong returns whilst vessels in the North were forced to lower their expectations.
Supramax
A firm week in the Atlantic, especially in the South for vessels able to make October cancelling. An Ultramax was fixed for a trip from east coast South America, redelivery Chittagong, at $17,000 plus $700,000 ballast bonus. The US Gulf remained evenly balanced on both supply and demand, with a 56,000dwt fixed for a trip to west coast Central America at $24,500. Again, demand was seen from the Mediterranean, with a 63,000dwt fixed delivery Canakkale via the Black Sea, redelivery Continent at $19,000. Charterers in both basins remained in the market for period cover. A 63,800dwt was booked, delivery Magdalla, for five to seven months trading at $15,000. Rates remained firm during the week from the Indian Ocean. A 64,000dwt fixing, basis delivery South Africa, for a trip far east at $14,000 plus $400,000. A slow start further east but as the week closed, improved numbers were discussed.
Handysize
Whilst rates largely traded sideways in the Asian market, areas in the Atlantic remained firm. Period activity came to light, with a 32,000dwt linked to a four to six months trading, redelivery Atlantic, in the mid $12,000s. And a 34,000dwt fixed to short period at a similar level basis, delivery Continent. Improved numbers were seen from the eastern Mediterranean and a 37,000dwt agreed, delivery Canakkale, for a trip via the Black Sea, redelivery Tunisia, at $18,500, option redelivery Black Sea at $17,500. Healthy numbers were discussed from east coast South America, with a 36,500dwt booked, delivery Rio Grande, for a trip, redelivery Algeria, in the mid $16,000s. In Asia, a lack of fresh business slowed the pace. A 37,000dwt was fixed, delivery China, for a trip with steels in the mid-high $10,000s, and a 30,000dwt fixed, delivery Singapore, via western Australia, redelivery Arabian Gulf, at $8,000.
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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 ...
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 t ...
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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- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- SMC Global Power, Philippines
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- Carbofer General Trading SA - India
- Independent Power Producers Association of India
- Kepco SPC Power Corporation, Philippines
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- Indika Energy - Indonesia
- Makarim & Taira - Indonesia
- Meralco Power Generation, Philippines
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- Simpson Spence & Young - Indonesia
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- ICICI Bank Limited - India
- White Energy Company Limited
- Mercator Lines Limited - India
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- Therma Luzon, Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- Grasim Industreis Ltd - India
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
- Planning Commission, India
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- PowerSource Philippines DevCo
- Minerals Council of Australia
- Bangladesh Power Developement Board
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Australian Coal Association
- Orica Mining Services - Indonesia
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- Economic Council, Georgia
- The Treasury - Australian Government
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- Commonwealth Bank - Australia
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- Interocean Group of Companies - India
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
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