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Monday, 19 November 18
SUPRAMAX: THE BSI CONTINUED TO FALL LAST WEEK, ESPECIALLY THE ASIAN ROUTES - BALTIC BRIEFING
.jpg) Capesize
After a cut throat couple of weeks, the market finally appeared to have found a floor and rates ticked up. Those analysts that predicted a strong fourth quarter have, as yet, offered few reasons for the dramatic fall. The key trade from West Australia to China recovered to the low-mid $6.00s as the week closed out, up from the low of $5.30, but still adrift of $8.50 paid 10 days ago. Similarly, Brazil/China rates continued to take a hit, dropping to around $15.00. Vale, during the week, took upwards of eight to 10 ships, but barely made an impression on the list of ballasters enroute. However, there were signs that some owners were prepared to drop anchor rather than take rates that showed less than operating costs. The North Atlantic also remained in the doldrums, with just a touch more business as the week closed out, but with some increase in rates after the recent debacle. The Puerto Bolivar/Rotterdam rate closed out the week closer to $8.00 than $7.00, limiting trading on the fronthaul, with rates hovering around $20,000.
Panamax
Many will have been relieved to see the end of an eventful week. With China apparently cancelling coal stems, there was uncertainty mid-week, with several ships failing on subjects from Indonesia. However, this later proved to be the most active market in the Pacific, as owners sought to buy some time instead of ballasting. Despite an increase in NoPac stems, rates remained under pressure all week symbolised by the Steel Authority of India awarding a tender, 12 November, at $16.20 Australia to India, then a similar cargo three days later at $14.80. Confidence in the South American market was also shattered in the second half of the week, with significantly lower rates concluded for early December dates. A modern Kamsarmax fixed at $14,500 plus $450,000 ballast bonus. The only bright spot appeared to be the North Atlantic, which still produced some solid rates for transatlantic business at around $15,000 for Kamsarmaxes.
Supramax
The BSI continued to fall last week, especially the Asian routes. Some period activity was seen, with a 63,000dwt open CJK covered at $12,350 for five to seven months trading redelivery worldwide.
The Atlantic traded sideways, with limited activity from the Continent. The US Gulf saw a little more interest, a 58,000dwt vessel was rumoured fixed from here to the UK-Continent at $20,250, whilst a 55,000 tonner fixed to West Coast Mexico in the mid $20,000s. The East Mediterranean remained positional, but some good numbers were seen as a 63,000dwt went delivery Greece, via the Black Sea redelivery Continent at $16,100. East Coast South America was steady, brokers said.
The Asian market remained slow, but as the week ended some suggested a floor was possibly reached, but with coal import restrictions into China a doubt remained. A 63,000dwt fixed delivery Vietnam, via Indonesia, redelivery India, at $9,500.
Handysize
Similar to the BSI, the BHSI remained in negative territory throughout the week. East Coast South America showed a minimal improvement, with sources suggesting more interest on the smaller Handysize ships. There also appeared to be less interest on the bigger-sizes from the Continent during mid-week, with the market remaining flat. In the East, talk of China customs suspending imported coal prompted uncertainty, especially in the Pacific market, prompting rates to fall further.
A 33,000dwt open Poti, was reportedly fixed for a trip to the East Mediterranean at $14,500. A 37,000dwt was booked from Constanza for a trip to the UK Continent at $12,500. A 35,000 tonner, open North Coast South America, went for inter-US Gulf business at $15,000. The 28,000dwt sizes were talking around mid $7,000s from Japan or Singapore for a round voyage, but brokers suggested there were disparities between charterers and owners on rates, with little cargo being circulated.
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Tuesday, 27 November 18
PANAMAX AND SUPRAMAX INDICES WITNESSED A DECLINE OF JUST BELOW 14% IN THEIR MEAN ON A MONTH-ON-MONTH COMPARISON - ALLIED SHIPPING
A month of sharp corrections and great asymmetries for the dry bulk sector, with the overall overview of the market shipping rapidly from a state o ...
Monday, 26 November 18
SUPRAMAX: THE ASIAN MARKET STALLED THIS WEEK WITH A BUILD-UP OF TONNAGE - BALTIC BRIEFING
Capesize
It was a positive end to the week, with West Australia/China making significant gains and firing owners’ resolve. There was talk ...
Friday, 23 November 18
GOLDEN ENERGY'S POTENTIAL ACQUISITION OF STANMORE CREDIT POSITIVE - FITCH RATINGS
Golden Energy and Resources Limited's (GEAR, B+/Positive) potential acquisition of Stanmore Coal will help the company diversify its coal opera ...
Friday, 23 November 18
ASSOCIATION CALLS FOR REVISION OF DMO SCHEME FOR COAL - JP
The Indonesian Coal Mining Association (APBI) has called on the government to revise the domestic market obligation (DMO) scheme for coal, which re ...
Friday, 23 November 18
INDONESIA'S REVENUES FROM MINERAL AND COAL INCREASE TO US$ 2.858 BILLION - ANTARA
Indonesia`s non-tax state revenues from the mineral and coal sub-sector reached Rp 41.77 trillion (approximately US$ 2.858 Billion) as of Nov 16, 2 ...
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Showing 1551 to 1555 news of total 6871 |
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- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Anglo American - United Kingdom
- Deloitte Consulting - India
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Indogreen Group - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Wilmar Investment Holdings
- GAC Shipping (India) Pvt Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- VISA Power Limited - India
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMG Consultants - Indonesia
- Central Electricity Authority - India
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- Australian Coal Association
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- Altura Mining Limited, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Minerals Council of Australia
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Gujarat Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- Heidelberg Cement - Germany
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Eastern Energy - Thailand
- Bhushan Steel Limited - India
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
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